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 46,694,000 kg CO2e (location-based), and Scope 3 emissions reaching about 11,494,566,000 kg CO2e. In 2023, the total emissions were approximately 14,146,196,000 kg CO2e, with Scope 1 at about 1,635,701,000 kg CO2e, Scope 2 at approximately 44,784,000 kg CO2e (market-based) and 57,372,000 kg CO2e (location-based), and Scope 3 at around 12,465,711,000 kg CO2e. Fortum has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions in European generation by at least 50% by 2030, compared to a 2019 baseline. Additionally, the company has committed to achieving net-zero greenhouse gas emissions across all scopes by 2040. This includes a near-term target to reduce Scope 1 and 2 GHG emissions from electricity and heat generation by 85% per MWh by 2030 from a 2023 base year, and to reduce Scope 1 and 3 emissions from fuel and energy-related activities by 69% per MWh within the same timeframe. Fortum's long-term targets include a 90% reduction in Scope 1 and 2 GHG emissions from electricity and heat generation by 2040, and a 90% reduction in absolute Scope 3 emissions from fuel- and energy-related activities. The company is on track to exit all coal-based generation by the end of 2027, further solidifying its commitment to sustainability and climate action.
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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 | 94,700,000 | 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.
