Fortum

Fortum's reported carbon emissions

Fortum, a Finnish electricity company, is actively engaged in reducing its carbon emissions. In 2025, the company reported total emissions of approximately 12.09 billion kg CO2e. This figure comprises Scope 1 emissions of about 757.8 million kg CO2e, Scope 2 emissions (market-based) of roughly 130.6 million kg CO2e, and Scope 3 emissions totalling approximately 11.2 billion kg CO2e. The largest contributor to Scope 3 emissions was fuel and energy-related activities, accounting for about 9.27 billion kg CO2e. Fortum has set ambitious climate targets, including a mid-term goal to reduce Scope 1 and 2 CO2 emissions in its European generation by at least 50% by 2030, using 2019 as the base year. More broadly, Fortum has committed to achieving net-zero greenhouse gas emissions across its value chain by 2040. This commitment extends to reducing Scope 1 and 2 GHG emissions from electricity and heat generation by 85% per MWh by 2030 and by 90% per MWh by 2040, compared to a 2023 base year. Additionally, the company aims to reduce Scope 1 and 3 GHG emissions from fuel- and energy-related activities by 69% per MWh by 2030 and by 94% per MWh by 2040. Fortum also plans to reduce absolute Scope 3 GHG emissions from the use of sold products for fossil fuels by 55% by 2033 and by 90% by 2040. The company also aims to exit all coal-based generation by the end of 2027.