Fingrid
Fingrid Oyj, commonly known as Fingrid, is a leading Finnish transmission system operator headquartered in Helsinki, Finland. Established in 1997, Fingrid plays a crucial role in the electricity market, ensuring the reliability and efficiency of the national grid across Finland and its major operational regions. Fingrid's core services include the management of high-voltage electricity transmission, grid maintenance, and the integration of renewable energy sources. The company is recognised for its innovative approach to energy management, particularly in enhancing grid stability and facilitating cross-border electricity trade. With a strong commitment to sustainability, Fingrid has achieved significant milestones in the transition to a low-carbon energy system, positioning itself as a key player in the Nordic energy landscape. Its dedication to operational excellence and customer service has solidified its reputation as a trusted partner in the energy sector.
DitchCarbon Score
How does Fingrid's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Fingrid's score of 50 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fingrid's reported carbon emissions
In 2023, Fingrid Oyj reported total carbon emissions of approximately 195,000,000 kg CO2e. This figure includes 6,000,000 kg CO2e from Scope 1 emissions, 59,000,000 kg CO2e from Scope 2 emissions, and 130,000,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 65,000,000 kg CO2e. Fingrid has set ambitious reduction targets as part of its climate commitments. The company aims to reduce its absolute Scope 1 GHG emissions by 42% and Scope 2 GHG emissions by 53% by 2030, using 2022 as the base year. Additionally, Fingrid is committed to a 25% reduction in absolute Scope 3 emissions within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support efforts to limit global warming to 1.5°C. In previous years, Fingrid's emissions were as follows: in 2022, total emissions were approximately 251,000,000 kg CO2e, with Scope 1 at 7,000,000 kg CO2e, Scope 2 at 98,000,000 kg CO2e, and Scope 3 at 146,000,000 kg CO2e. In 2021, total emissions were about 165,000,000 kg CO2e, with Scope 1 at 5,000,000 kg CO2e, Scope 2 at 135,000,000 kg CO2e, and Scope 3 at 25,000,000 kg CO2e. Fingrid's commitment to reducing its carbon footprint reflects its proactive approach to sustainability within the electric utilities sector, contributing to broader climate action goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,500,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 225,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fingrid is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
