Reporting structure Fortum's segment reporting is based on business operations combined with one segment based on geographical area. Following the consolidation of Uniper as a subsidiary on 31 March 2020, Fortum has revised its reportable segments and reports Uniper as a separate segment. Fortum's reportable segments under IFRS are Generation, Russia, City Solutions, Consumer Solutions and Uniper. Other Operations includes corporate functions, R&D and technology development projects. Generation Generation is responsible for Nordic power generation. The segment comprises CO2-free nuclear, hydro, and wind power generation, as well as power portfolio optimisation, trading, market intelligence, thermal power for the capacity reserve, and global nuclear services. The segment does not include the Nordic hydro and nuclear power generation or the trading activities of Uniper. Russia The Russia segment comprises power and heat generation and sales in Russia. The segment includes Fortum’s fully owned power plants and its joint ventures for building and operating approximately 2 GW of renewable power generation and for power and heat sales, as well as Fortum’s more than 29% holding in TGC‑1. These joint ventures and the associated company are accounted for using the equity method. The segment does not include Uniper’s Russian subsidiary Unipro. City Solutions City Solutions is responsible for sustainable solutions for urban areas. The segment comprises heating, cooling, waste-to-energy, and other circular economy solutions, as well as solar power generation, services, and development of new biomass-based businesses. The business operations are located in the Nordics, Poland and India. Consumer Solutions Consumer Solutions is responsible for the electricity and gas retail businesses in the Nordics, Poland, and Spain, including the customer service and invoicing businesses. Fortum is the largest electricity retail business in the Nordics. The business provides electricity, as well as related value-added and digital services. Uniper The Uniper segment comprises Fortum’s majority ownership in Uniper, a subsidiary of Fortum. Uniper is a leading international energy company with activities in more than 40 countries. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading and optimisation. The segment includes Uniper’s proportionate share of OKG. Did you find what you were looking for? 12 responses Yes Partly Not at all Back to top You are here: Fortum Investors Why invest in Fortum Reporting structure Reporting structure About us This is Fortum Strategy Open positions Our energy production Fortum worldwide Covid-19 information Services Fortum Battery Solutions Turbines and generators Power plant O&M and performance Find charging stations Fortum Circo® Recycled Plastics Licensing and safety design Investors In focus Reports and presentations Share information Calendar and events Corporate governance Contact us Our offices Media contacts Investor Relations Supplier inquiries Sales contacts Give feedback Raise a concern Follow us on social media Legal information Data privacy and cookies Legal Notice © Fortum 2021. All rights reserved We use cookies to personalize content and ads, to provide social media features and to analyze site usage. We also share information about your use of our site with our social media, advertising and analytics partners. You can manage and disable cookies in your own browser. Read "instructions for browser settings". More options to manage your preferences in "Cookie settings". For more information, see ourCookie Policy. Cookie Settings Close