Annual Report 2014 | Suomeksi |

Management approach

Sustainability is an integrated part of the strategy, and the Group-level sustainability targets and results for 2014 are presented in the section discussing Fortum’s strategy. Fortum’s financial results are reported in the Financial Statements section under Financial performance and position

Fortum’s values and Code of Conduct form the foundation of our sustainability management. Fortum’s Group-level policies

are approved by the Board of Directors, and our public policies can be found on our website. The policies are supplemented with Group-level instructions and manuals, and they are approved by either the President and CEO or by the head of the function responsible for the instruction.

International commitments and initiatives

Fortum respects and supports the United Nations Universal Declaration of Human Rights, the United Nations Convention on the Rights of the Child, and the core conventions of the International Labour Organisation (ILO). Additionally, Fortum recognises in its operations the UN Guiding Principles on Business and Human Rights, the statutes of the OECD Guidelines for Multinational Enterprises, the International Chamber of Commerce’s anti-bribery and anti-corruption guidelines, and the Bettercoal initiative’s Code on responsible coal mining. Fortum has been a member of the UN Global Compact initiative since June 2010 and joined the UN Caring for Climate initiative in November 2013.

The steering effect of Group-level policies, instructions, and international commitments and initiatives on the management of economic responsibility, environmental responsibility and social responsibility is presented in the table below. The management approach related to material aspects we have identified are presented in more detail for economic, environmental, labour practices and decent work, human rights, society and product responsibility. Additionally, more detailed information on the management of the impacts related to material aspects is provided in connection of the indicator descriptions. Fortum’s corporate governance is described in the 2014 Corporate Governance Statement.

The steering effect of international commitments and initiatives and Group‑level policies and instructions
Economic responsibility Environmental responsibility Social responsibility: Labour practices and decent work Social responsibility: Human Rights Social responsibility:
Society
Social responsibility: Product responsibility
Fortum's values x x x x x x
Fortum Code of Conduct x x x x x x
Fortum Supplier Code of Conduct x x x x x x
The United Nations Universal Declaration of Human Rights x x
The United Nations Convention on the Rights of the Child x x x
The core conventions of the International Labour Organisation x x
The UN Global Compact initiative x x x x x
The UN Caring for Climate initiative x
The statutes of the OECD Guidelines for Multinational Enterprises x x x x x x
The International Chamber of Commerce’s anti‑bribery and anti‑corruption guidelines x x
The Bettercoal initiative’s Code on responsible coal mining x x x x x
Group risk policy x x x x x x
Sustainability policy (including environmental, and occupational health and safety policies) x x x x x x
Fortum guidelines and minimum requirements for EHS management x x x x
Biodiversity guidelines x x
Guidelines on sustainability assessment x x x x
Human resources policy x x x
Fortum Accounting manual x x
Group manual on investment evaluation and approval procedure x x
Fortum Group instructions for anti‑bribery x x
Fortum Group instructions for safeguarding assets x x
Group instructions for conflicts of interest x x
Group instructions on Competition Law x x
Fortum security guidelines x x x x
Sponsorship steering document x
Responsible advertising and marketing guidelines x
Environmental marketing guidelines x
X

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