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 36 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fingrid's reported carbon emissions
In 2023, Fingrid reported total carbon emissions of approximately 195,000,000 kg CO2e. This includes Scope 1 emissions of about 65,000,000 kg CO2e, Scope 2 emissions of approximately 130,000,000 kg CO2e, and Scope 3 emissions also around 195,000,000 kg CO2e. Notably, the Scope 3 emissions encompass business travel, purchased goods and services, waste generated in operations, and fuel and energy-related activities. Fingrid's emissions have shown a significant reduction trend over the years. For instance, in 2020, total emissions were about 118,000,000 kg CO2e, down from approximately 185,000,000 kg CO2e in 2019. This indicates a commitment to reducing their carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has been transparent in reporting its emissions across all three scopes, demonstrating a commitment to sustainability and accountability in its operations. However, as of now, there are no specific reduction targets or climate pledges outlined in their documentation.
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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 | 00,000,000 |
| Scope 2 | 225,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| 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 not committed to any reduction initiatives 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.
