Contents of the annual report and reporting principles
Fingrid’s annual report for 2016 will be published in electronic format on the company’s website. The annual report also includes Fingrid’s corporate responsibility reporting and the corporate governance statement.
Fingrid draws up the consolidated financial statements and interim reports in accordance with IFRS reporting standards accepted by the European Union and in accordance with the Finnish Securities Market Act. The consolidated financial statements include the parent company Fingrid Oyj and its wholly owned subsidiaries Finextra Oy and Fingrid Datahub Oy. The consolidated associated companies are Nord Pool AS (ownership 18.8%) and eSett Oy (ownership 33.3%). The annual review and the financial statements of the Group’s parent company and its subsidiaries are prepared in accordance with the Finnish Accounting Act and the guidelines and statements of the Finnish Accounting Standards Board. The information on personnel is based on the calculation systems used by human resources management, and the calculation of the relevant information is in compliance with the general guidelines of the Finnish Accounting Standards Board concerning the preparation of annual reviews. The environmental data is collected from the information reported to the authorities and from our own data collection systems. An external emissions trading verifier has verified the company’s carbon dioxide emission report.
Corporate responsibility reporting focusses on the main economic, social and environmental impacts of Fingrid Group’s operations. In its reporting, Fingrid applies the international GRI G4 (Global Reporting Initiative, Core) reporting guidelines such that standard disclosures required by the guidelines and indicators required by sector disclosures for the energy industry are reported. The boundaries of the social and environmental data do not include the associated companies. The reported data is compiled in a GRI Content Index. Requirements for corporate responsibility reporting by state-owned companies are also taken into account. The annual report stands for a Communication on Progress (COP) report in compliance with the UN’s Global Compact initiative.