Corporate responsibility program

At Gasum we have summed up our values in a single proposition: “Purposefully and responsibly moving towards new opportunities.” For us responsibility means taking economic, social and environmental responsibility into account in all operations. In our Corporate Responsibility Program we have summarized our six key corporate responsibility themes and related objectives.

Steps forward in Corporate Responsibility taken by Gasum in 2020. 

09.09.2021

Gasum and Outokumpu sign a 10-year agreement on the supply of renewable wind power

Gasum and Outokumpu have entered into a 10-year agreement on the supply of renewable wind power. The wind power supplied under the agreement will cover almost all the power consumption at Outokumpu’s Kemi mine. Supplies under the agreement will start in summer 2023.

Gasum will supply renewable wind power to Outokumpu under a 10-year agreement. The wind power will be generated by Gasum’s partners’ new wind park in Finland. The partnership promotes Gasum’s strategy to provide cleaner energy for industry and heat and power production.The wind power agreement is a step towards Outokumpu reaching their emissions reduction targets. Increasing the share of low-carbon power is one of the most important ways to reach carbon neutrality by 2050.

“It’s great to build on our long-standing cooperation with Outokumpu. Renewable energy wind power has a key role in the transition to a cleaner future. We want to offer our partners the most comprehensive solutions on the energy market to meet their energy needs and to help companies to reach their environmental goals faster,” says Tommy Mattila, Vice President, Industry at Gasum.

“The new agreement allows us to further increase the already high share of low-carbon power in our production. The wind power agreement is a natural continuum to our good cooperation with Gasum. We currently operate the Tornio LNG terminal together and the liquefied natural gas we secure from there has enabled us to replace propane in our production,” says Mika Orpana, Energy Director at Outokumpu.

“Outokumpu is committed to science-based climate goals and to limiting climate warming to 1.5C. We are pursuing climate neutrality in our own operations by 2050. Low-carbon power already accounts for more than 80% of the power used in Outokumpu’s European operations, but it is important for us to increase this share to enable us to reach our ambitious sustainability goals,” says Juha Erkkilä, VP, Sustainability, Excellence and Reliability at Outokumpu.

Besides energy market expert services, Gasum provides renewable power, bio and natural gas, for industry, maritime and road transport.

For further information, please contact:
Tommy Mattila, Vice President, Industry, Gasum
Phone. +358 40 581 9247, tommy.mattila@gasum.fi

Outokumpu’s media phone
Phone +358 9 421 3840

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea. www.gasum.com  

Read more
01.09.2021

CEO of Gasum to change

Johanna Lamminen will leave her position as the CEO of Gasum. The Board of Directors has appointed Kai Laitinen, Gasum's current CFO, as interim CEO effective September 1, 2021. The recruitment process for a new CEO will begin immediately.

"In recent years, Gasum has made the transition from a traditional natural gas transmission and distribution company to a Nordic gas and energy company aiming towards a cleaner tomorrow. The natural gas market in Finland opened for competition in 2020, and Gasum has played a significant role in preparing the market opening. Under Johanna's leadership, the company has made great achievements," says Elina Engman, Chairman of the Board.

"Johanna has taken Gasum forward with vision and determination. On behalf of the entire Board of Directors, I would like to warmly thank Johanna for her contribution to Gasum and wish her all the best for the future," adds Engman.

“Together with the entire staff, we have traveled an amazing journey. We have built a Nordic energy company that provides clean energy to industry, shipping, and transport, not to forget the biogas market and the circular economy. The company has a clear goal. The work is done, and now it is the right time for me to head towards new challenges,” says Johanna Lamminen.

Johanna Lamminen has held the position of CEO of Gasum since 2014.

For further information please contact:

Elina Engman, Chairman of the Board, Gasum
Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, olga.vaisanen@gasum.com

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea.

Read more
05.08.2021

Gasum Group Q2 2021 – Strong growth in all customer segments

Key financial indicators January 1 to June 30, 2021:

  • Group revenue totaled €519.1 million (1–6/2020: €302.3 million)
  • Group operating result was €-2.8 million (1–6/2020: €17.5 million)
  • Balance sheet total came to €1,475.3 million (30.6.2020: €1,259.3 million)
  • The Group’s equity ratio was 29.5% (30.6.2020: 39.9%)
 

Gasum Group CEO Johanna Lamminen comments on the first half of 2021:

”During the second quarter of the year, we progressed to plan with our growth strategy in all key segments: industry, maritime and road transport. The Group’s revenue for the first half of 2021 was €519.1 million and other operating income was €153.3 million. A clear growth in volumes in all our segments as well as the trend in the price of gas compared to a year earlier contributed to the increase (71.7%) in Group revenue. Demand for cleaner energy is growing in all customer segments. In industry, our biggest business segment, volumes delivered to our customers were up 25% during the first half of 2021 compared to a year earlier.

During the period under review, demand for renewable wind power energy showed positive growth in industry. We entered into long-term wind power agreements with Kerava Energy and the K Group. Partnerships promote our strategy to deliver cleaner energy to industry. We are working actively with our customers for the goals of sustainable development.

In maritime transport, demand for cleaner fuel solutions continued to increase during the period under review and volumes delivered to customers were up 75% compared to a year earlier. We delivered two test consignments of liquefied biogas to the Finnish Border Guard for their offshore patrol vessel Turva and promoted their aim to transition to lowemission logistics.

Our business segments continued to show strong growth in the Nordics. During the period under review, volumes sold in our transport segment were up by more than140% compared to a year earlier. On the road transport side, we continued expanding our network of gas filling stations and opened our first new filling station in Norway and two more stations in Finland.

We also developed our customer portal for business customers and enable international actors to fill up at our stations. This supports our goal to connect the Nordic and Central European transport gas markets. The second quarter of the year saw a very sharp rise in gas prices. The rise in prices and
strong market reaction was unexpected and we significantly reduced our risks and booked a non-recurring loss, which hit the company’s operating profit.

We are aiming for a cumulative reduction of a million tonnes in carbon dioxide emissions to mitigate climate change by increasing the availability of biogas. By 2025, we will bring 4 TWh of biogas to market from our own production and that of our certified European partners. We furthered our sustainability goals by planning the construction of new plants in southern Sweden. These biogas plants would increase biogas production in the Skåne region by 50%.”

Read more about Gasum Group Financial Result Q2 2021 >

For more information please contact:

Johanna Lamminen, Chief Executive Officer, Gasum
(Heidi Westerberg, Executive Assistant
Phone: +358 40 580 0951, heidi.westerberg@gasum.com)


Olga Väisänen, Vice President, Communications and Sustainability, Gasum
Phone: +358 40 55 40 578, olga.vaisanen@gasum.com

Read more