Fortum
Fortum Corporation, commonly known as Fortum, is a leading energy company headquartered in Espoo, Finland (FI). Established in 1998, Fortum has grown to become a key player in the Nordic and Baltic regions, focusing on sustainable energy solutions. The company operates primarily in the electricity, heating, and cooling sectors, with a strong emphasis on renewable energy sources. Fortum's core offerings include power generation, energy sales, and innovative solutions for energy efficiency. The company is recognised for its commitment to sustainability, aiming to reduce carbon emissions and promote a circular economy. With significant achievements in renewable energy production, Fortum has positioned itself as a frontrunner in the transition towards a low-carbon future, making it a notable entity in the global energy market.
DitchCarbon Score
How does Fortum'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 Electricity from Other Sources 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
Fortum's score of 83 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fortum's reported carbon emissions
In 2024, Fortum reported total carbon emissions of approximately 12,870,076,000 kg CO2e, with Scope 1 emissions at about 1,351,041,000 kg CO2e, Scope 2 emissions at approximately 24,470,000 kg CO2e (market-based), and a significant Scope 3 total of about 11,494,566,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 and 2 emissions in European generation by 2030, compared to a 2019 baseline. Fortum's climate commitments include a net-zero target for all scopes by 2040, with specific near-term goals to reduce Scope 1 and 2 emissions from electricity and heat generation by 85% per MWh by 2030, and to cut Scope 3 emissions from fuel and energy-related activities by 69% per MWh within the same timeframe. Additionally, Fortum aims to reduce absolute Scope 3 emissions from the use of sold products for fossil fuels by 55% by 2033. The company has inherited its emissions data and climate targets directly from its own corporate structure, with no cascading from a parent organization. Fortum's initiatives align with the Science Based Targets initiative (SBTi) and reflect a commitment to significant reductions in greenhouse gas emissions across its operations.
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| 2010 | 2011 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 19,040,000,000 | 00,000,000,000 | 00,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | - | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Fortum 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.
