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 78 is higher than 99% 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 2023, Fortum reported total greenhouse gas emissions of approximately 14,146,196,000 kg CO2e, with significant contributions from Scope 1 (1,635,701,000 kg CO2e), Scope 2 (44,784,000 kg CO2e), and Scope 3 (12,465,711,000 kg CO2e). The company has set ambitious climate commitments, aiming for net-zero emissions across its value chain by 2040. Fortum's near-term targets include reducing Scope 1 and 2 emissions from electricity and heat generation by 85% per MWh by 2030, using 2023 as the base year. Additionally, it plans to cut Scope 1 and 3 emissions from fuel and energy-related activities by 69% per MWh within the same timeframe. For Scope 3 emissions related to the use of sold fossil fuels, Fortum aims for a 55% reduction by 2033. Long-term goals include a 90% reduction in Scope 1 and 2 emissions per MWh by 2040, and a 94% reduction in Scope 1 and 3 emissions from fuel and energy-related activities. The company also targets a 90% reduction in absolute Scope 3 emissions from fuel- and energy-related activities and from the use of sold products for fossil fuels by 2040. These commitments align with the Science Based Targets initiative (SBTi) and reflect Fortum's dedication to addressing climate change and reducing its carbon footprint.
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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 | 100,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 0,000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,700,000,000 | 0,000,000,000 | 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.
