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 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 contribution of about 11,494,566,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a minimum 50% reduction in Scope 1 and 2 emissions from European generation by 2030, compared to a 2019 baseline. Fortum has also committed to achieving carbon neutrality across all scopes (1, 2, and 3) by 2030 and plans to exit all coal-based generation by the end of 2027. Additionally, the company has established long-term targets to reduce Scope 1 and 2 emissions from electricity and heat generation by 90% per MWh by 2040, alongside a 90% reduction in Scope 3 emissions from fuel and energy-related activities. These commitments align with Fortum's strategy to transition towards a more sustainable energy model, reflecting its dedication to addressing climate change and reducing greenhouse gas emissions significantly.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
