04 December 2018
Fortum/Uniper utility briefing
A briefing for investors, insurers and banks
This briefing paper presents analysis and recommendations to assist investors, insurers and banks in achieving a coal phase-out from Fortum and Uniper in line with the climate targets of the UN Paris Climate Agreement and protecting citizen’s health.
The two utilities are addressed together because Fortum has a major influence (47,35% ownership) over how Uniper’s coal fleet will evolve. Fortum must therefore ensure that both companies embark on a socially just and managed coal phase-out in the nearest possible term, and refrain from selling coal assets to other companies.
The briefing gives an overview of the two utilities’ power mix and existing coal plant fleet, the financial risks facing these power assets, pathways for how thoseutilities might re-align its coal plant fleet to the Paris Agreement, and the actions being taken already or recommended to investors, insurers and banks.READ FULL BRIEFING