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Fortum Corporation, commonly referred to as Fortum, is a leading player in the electricity sector, headquartered in Espoo, Finland (FI). Established in 1998, the company has evolved significantly, focusing on sustainable energy solutions across the Nordic and Baltic regions. Fortum operates primarily in the electricity generation and distribution industry, with a strong emphasis on renewable energy sources, including hydro, wind, and solar power.
The company is renowned for its innovative approach to energy efficiency and environmental sustainability, offering a range of services that cater to both residential and industrial customers. Fortum's commitment to reducing carbon emissions and promoting circular economy principles has positioned it as a frontrunner in the transition to a low-carbon future. With numerous accolades for its sustainability efforts, Fortum continues to strengthen its market presence while contributing to a greener tomorrow.
94
DitchCarbon score
+78 vs industry average
Fortum’s score of 94 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
3.039
20182025
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Fortum's reported carbon emissions
Fortum, headquartered in Finland and operating in the Electricity nec industry, reported a total of approximately 12.09 billion kg CO2e in emissions for the year 2025. This figure encompasses Scope 1, 2, and 3 emissions.
In 2024, Fortum's total emissions were approximately 12.87 billion kg CO2e. Prior to that, in 2023, the company's total emissions were approximately 14.15 billion kg CO2e.
Fortum has set ambitious climate commitments, including a near-term target to reduce Scope 1 and 2 greenhouse gas (GHG) emissions from its European generation by at least 50% by 2030, using 2019 as a base year. Furthermore, Fortum has committed to reaching net-zero GHG emissions across its
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Fortum’s Climate Goals (2030 & 2050)
5 goals2040
90% reduction in Scope 1
Fortum Oyj commits to reduce scope 1 GHG emissions from electricity and heat generation 90% per MWh by 2040 from a 2023 base year.
Insufficient data90%
2040
90% reduction in Scope 2
Fortum Oyj commits to reduce scope 2 GHG emissions from electricity and heat generation 90% per MWh by 2040 from a 2023 base year.
Insufficient data90%
2030
85% reduction in Scope 2
Fortum Oyj commits to reduce scope 2 GHG emissions from electricity and heat generation 85% per MWh by 2030 from a 2023 base year.
Insufficient data85%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Fortum11 days ago
94
Frequently asked questions
Common questions about Fortum’s sustainability data and climate commitments
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