Outokumpu commended for climate change disclosure

OUTOKUMPU'A' : Outokumpu commended for climate change disclosure

New Delhi October 23, 2010 Outokumpu has been commended by the Carbon Disclosure Project (CDP), which represents 534 institutional investors with $64 trillion in assets under management, for its approach to climate change disclosure.

For the second time Outokumpu is featured in CDP's "Carbon Disclosure Leadership Index." This index, a key component of CDP's annual Nordic 200 Report, highlights the constituent companies within the Nordic stock exchanges, which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company. Outokumpu was given a score of 86/100.

The index, compiled by Jönköpings International Business School (Jibs) on behalf of CDP provides an evaluation tool for institutional investors. In 2010, it comprises 20 constituents of the Nordic 200 Index based on analysis of the responses to CDP's 2010 questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.

"Inclusion in the Carbon Disclosure Leadership Index is a welcome recognition for our corporate governance in respect of climate change. We take seriously these issues and want to do our share in the shift towards a low-carbon society - especially by focusing on energy efficiency," said Juha Rantanen, CEO of Outokumpu Oyj.

Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented: "The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use. Companies that make this index have also demonstrated clear consideration of how climate change is and will impact their business. As companies' understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks."

The Nordic 200 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net:http://www.cdproject.net/.

For more information please contact: Yatinder Pal Singh SuriCountry HeadOutokumpu India Private Limited609-612 , Hemkunt TowerNehru PlaceNew Delhi - 110019. INDIATel : +91 11 46518440, 41Fax : +91 11 46518439Dir : +91 11 46518444Mob : +91 98181 20952www.outokumpu.com

OUTOKUMPU OYJ



Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 7 500 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com:http://www.outokumpu.com/


The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world's largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making. www.cdproject.net:http://www.cdproject.net/