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Kai Laitinen

CFO, Gasum
Tel. +358 40 500 2080
kai.laitinen@gasum.com

Key data for 2019

Revenue €1,128 million
(2018: 1,177)

Operating profit €141 million
(2018: 124)

 


Gasum Green Funding Framework

Gasum Green Funding Framework is part of the company’s financing strategy and is used by the company to show the positive environmental and climate impacts of its business.

CICERO Shades of Green has evaluated and given Gasum’s Green Funding Framework the grade of dark green, which is allocated to the most climate friendly projects or business solutions that promote the long-term vision of the transition to a low-carbon society.

Gasum Green Funding framework

CICERO Second Opinion

Key figures and financial reports

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Please read more about Gasum Group's key figures and annual financial reports.

2019

Financial result 2019
Corporate Responsibility Report 2019
Governance and remuneration 2019

Financial result Q4 2019
Financial result Q3 2019
Financial result Q2 2019
Financial result Q1 2019

23.03.2020

Steps forward in corporate responsibility taken by Gasum in 2019

The energy company Gasum promotes sustainable development in line with its strategy. Gasum has published its key corporate responsibility achievements in 2019. The company improved its customers’ access to cleaner energy in road and maritime transport, industry and energy production. Gasum’s safety and security culture underwent strong development, which resulted in many steps forward.

Gasum is taking determined steps to promote sustainable development in accordance with the principles of circular economy and by providing cleaner energy solutions in the Nordic countries. The company’s responsibility work is steered by its Corporate Responsibility Program, which is summed up in six themes and related objectives. The themes derived from the company’s strategy and materiality analysis concerning corporate responsibility form the basis of Gasum’s Corporate Responsibility Program: safety and security, climate change mitigation, circular economy, access to energy, people, and sustainable business. Gasum monitors progress made towards the objectives continuously in all of its operating countries – Finland, Sweden and Norway. Gasum is committed to working also towards the Sustainable Development Goals (SDGs) of the United Nations and supports the SDGs.

“A responsible approach is an inseparable part of our day-to-day operations and decision-making. The clean energy offered by us is highly significant for our customers’ responsibility work. In 2019, we took major steps towards our objectives in many areas. We updated the objectives of our Corporate Responsibility Program to reflect our changing operating environment and redefined the ethics and compliance framework guiding our responsible business,” says Sustainability Manager Elina Saarivuori from Gasum.

Key responsibility achievements in 2019

Gasum’s focus in social responsibility, including safety and security as well as people, was on promoting safety and security work, developing the company’s operating culture and deploying the Gasum-wide leadership principles. The rate of injuries halved from the previous year, and the number of corrective and preventive safety measures increased. The company aimed at an employee absence rate of below 2%, which was achieved as the rate was 1.5%. Gasum line managers’ leadership skills received good scores in a 360-degree feedback process.

As regards environmental responsibility, Gasum improved the availability of gas in the transport sector and enabled strong growth in gas-fueled vehicles. The company partnered with several heavy-duty transport operators and enabled emission cuts for industry and retail. Gasum also increased the accessibility of liquefied natural gas (LNG) at sea with extended geographical coverage and more than 1,000 deliveries for various vessels. Greenhouse gas emission savings from Gasum’s sustainability-certified biogas totaled 111,000 tonnes, which equals removing more than 40,000 passenger cars from roads. Gasum also obtained 6.5 TW of Guarantees of Origin for hydropower, bioenergy and wind power for its customers. The company continued to use 100% renewable electricity in all of its operations. Gasum reached its annual energy saving targets.

Gasum strengthened growth in the biogas market by making investment decisions to build new biogas plants in Lohja, Finland, and Nymölla, Sweden. In addition, investments were made in increasing the operational efficiency of biogas plants as well as biogas processing capacity, and a biogas plant in Kouvola, Finland, was acquired. The company launched new partnerships to increase the availability of biogas. In addition, Gasum developed partnerships for recycled nutrients and advanced circular economy concepts in R&D projects.

Economic responsibility at Gasum is related to access to energy and responsible business. Gasum met its financial performance targets in these areas. The company set up a Green Funding Framework to promote the company’s value in the transition towards a low-carbon future. Gasum expanded the Nordic gas filling station network by 13 new stations. Accessibility and increased efficiency for customers at sea was also increased, and Gasum completed its 200th ship-to-ship bunkering. Gasum redefined its ethics and compliance framework that oversees the implementation of responsible business. The company also identified its critical suppliers and continued to assess them. The supply certainty of natural gas, LNG and biogas was at a good level throughout the year, and there were no delivery disturbances in gas supply.

 

More information:
Elina Saarivuori, Sustainability Manager, Gasum
Phone: +358 50 911 2668, forname.surname(a)gasum.com
 


The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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06.03.2020

Changes in Gasum Board of Directors

The Annual General Meeting (AGM) of Gasum Ltd was held in Helsinki on March 5, 2020.

The current members of the Board of Directors Stein Dale, Elina Engman, Päivi Pesola, Elisabet Salander Björklund and Torbjörn Holmström were re-elected. Minna Pajumaa and Ari Vanhanen were elected as new members of the Gasum Board. Elina Engman was elected as the Chair of the Board of Directors. She has been a Gasum Board member since 2017.

Juha Rantanen served as the Chairman of the Gasum Supervisory Board during 2014–2016 and as the Chairman of the Gasum Board of Directors during 2016–2020. A member of the Gasum Board of Directors and Supervisory Board since 2010, Jarmo Väisänen was no longer available when Board members were elected this time.

Elected to the Board as a new member, Senior Financial Counsellor Minna Pajumaa works in the Ownership Steering Department of the Prime Minister’s Office. Also elected to the Board as a new Board member, Ari Vanhanen is the CEO and Board member of Colliers International Finland Ltd.

Click here for more information about the Gasum Board members.


For more information please contact:
Olga Väisänen, Vice President, Communications, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com


The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

Read more
06.03.2020

Energy company Gasum’s Financial Review, Corporate Responsibility Report and Governance and Remuneration for 2019 published

The Gasum Group has published its Financial Review for the January 1 to December 31, 2019 financial year as well as its Corporate Responsibility Report and Governance and Remuneration.

In 2019, the Nordic energy company Gasum took steps of change towards a cleaner tomorrow. The company advanced its strategy in a purposeful manner and developed the Nordic gas market, enabling an even broader offering of low-emission energy solutions in response to growing demand among industrial as well as road and maritime transport customers.

The turn of the year saw the opening up of the Finnish pipeline gas market to competition, and the unbundling of Gasum’s transmission business was completed as a new transmission network company, Gasgrid Finland Oy, began operations on January 1, 2020.

The Financial Review comprises the CEO’s review, Board of Directors’ report, financial statements and audit report. The Corporate Responsibility Report covers the steps forward taken in social, environmental and economic responsibility. The Governance and Remuneration Report contains the corporate governance principles and a report on remuneration.


Download Our reports:

  • Financial Review 2019
  • Corporate Responsibility Report 2019
  • Governance and Remuneration 2019


For more information please contact:
Olga Väisänen, Vice President, Communications, Gasum
Phone: +358 40 55 40 578, firstname.surname(a)gasum.com


The energy company Gasum is a Nordic gas sector and energymarket expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. www.gasum.com.

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“The 2019 was a year of huge leaps of change for Gasum, too. We are involved in the transformation of the entire society towards a carbonneutral future by enabling emission reductions for our customers in road and maritime transport and industry by offering cleaner energy and diverse services.”


Johanna Lamminen, CEO, Gasum Group

Johanna Lamminen, CEO, Gasum
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Gasum Group published Q4 Financial Review 1.1.–31.12.2019

In 2019, we took purposeful steps to advance our strategy and developed the Nordic gas market, enabling an even broader offering of low-emission energy solutions in response to growing demand among industrial as well as road and maritime transport customers.

Year 2019

Operation profit: 13.9%

Equity ratio: 44.7%

Return on equity: 13.6%


Year 2018

Operation profit: 10.5%

Equity ratio: 43.7%

Return on equity: 13.3%


Information regarding the coronavirus epidemic (COVID-19)

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