Fortum Oyj

At the Fortum Oyj general meeting on 25 March 2024, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 11 for the following reasons:

Item 11.00: Remuneration Policy
Rationale:
Folketrygdfondet’s decision to vote against the executive Remuneration Policy is based on a cumulative assessment taking into consideration that the policy provides insufficient disclosure to assess how the executive remuneration policy aligns with shareholder interests. In particular, the company has not disclosed benchmark used for pay-setting or payout limits and there is no annual bonus deferral. 

Del: