Fortum

Fortum, headquartered in Finland and operating in the Electricity nec industry, is committed to addressing its carbon emissions.

In 2025, Fortum's total reported greenhouse gas emissions were approximately 12.09 billion kg CO2e. This included Scope 1 emissions of about 700 million kg CO2e, market-based Scope 2 emissions of approximately 130.6 million kg CO2e, and Scope 3 emissions totalling around 11.2 billion kg CO2e. Key contributors to Scope 3 were fuel and energy-related activities at approximately 9.27 billion kg CO2e and use of sold products at about 1.40 billion kg CO2e.

Looking back, Fortum's emissions have fluctuated. In 2024, total emissions were about 12.87 billion kg CO2e, with Scope 1 at roughly 1.35 billion kg CO2e and Scope 3 at around 11.49 billion kg CO2e. In 2023, total emissions were approximately 14.15 billion kg CO2e, comprising Scope 1 emissions of about 1.64 billion kg CO2e and Scope 3 emissions of around 12.47 billion kg CO2e.

Fortum has set ambitious climate commitments. The company aims to reach net-zero greenhouse gas emissions across its entire value chain by 2040. In the near-term, Fortum Oyj commits to reducing Scope 1 and 2 GHG emissions from electricity and heat generation by 85% per MWh by 2030 from a 2023 base year. Additionally, Fortum Oyj plans to reduce Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 69% per MWh within the same timeframe, and to reduce absolute Scope 3 GHG emissions from the use of sold products for sold fossil fuels by 55% by 2033 from a 2023 base year. These near-term targets for Scope 1 and 2 emissions are consistent with reductions required to keep global warming to 1.5°C, as validated by the Science Based Targets initiative (SBTi). Fortum also has a longer-term intensity target to reduce Scope 1 and 2 GHG emissions from electricity and heat generation by 90% per MWh by 2040 from a 2023 base year.