Fortum

Fortum's reported carbon emissions

Fortum, headquartered in Finland and operating in the electricity sector, has demonstrated a commitment to reducing its carbon footprint. **Carbon Emissions Data:** * **2025:** Fortum reported total emissions of approximately 12.09 billion kg CO2e. This included Scope 1 emissions of about 757.8 million kg CO2e, Scope 2 market-based emissions of approximately 130.6 million kg CO2e, and Scope 3 emissions totalling about 11.2 billion kg CO2e. A significant portion of Scope 3 emissions stemmed from fuel and energy-related activities (approximately 9.27 billion kg CO2e) and the use of sold products (approximately 1.4 billion kg CO2e). * **2024:** The company's total emissions for this year were approximately 12.87 billion kg CO2e. Scope 1 emissions amounted to around 1.35 billion kg CO2e, with Scope 2 market-based emissions at approximately 24.5 million kg CO2e, and Scope 3 emissions at approximately 11.5 billion kg CO2e. Fuel and energy-related activities contributed roughly 9.66 billion kg CO2e to Scope 3, while the use of sold products accounted for about 1.27 billion kg CO2e. * **2023:** Fortum's total emissions for 2023 were approximately 1.6 million kg CO2e. Scope 1 emissions were around 1.64 billion kg CO2e, and Scope 2 market-based emissions were approximately 44.8 million kg CO2e. Scope 3 emissions were reported at about 303.9 million kg CO2e. * **2022:** Total emissions were approximately 2.1 million kg CO2e, with Scope 2 market-based emissions at about 27.4 million kg CO2e and Scope 3 emissions at approximately 435.4 million kg CO2e. Scope 1 data was not disclosed for this year. * **2021:** Total emissions were approximately 17.8 million kg CO2e, with Scope 2 market-based emissions at about 42.8 million kg CO2e and Scope 3 emissions at approximately 676.3 million kg CO2e. Scope 1 data was not disclosed. * **2020:** Scope 1 and 2 emissions were approximately 2.3 million kg CO2e. Scope 1 and Scope 3 data were not disclosed. * **2019:** Scope 1 emissions were approximately 19.27 billion kg CO2e. Scope 2 and 3 data were not disclosed. * **2018:** Scope 1 emissions were approximately 20.2 billion kg CO2e. Scope 2 emissions were around 92.2 million kg CO2e (market-based), and Scope 3 emissions were approximately 6.08 billion kg CO2e. * **2017:** Scope 1 emissions were approximately 18.4 billion kg CO2e. Scope 2 emissions were around 102.7 million kg CO2e (market-based), and Scope 3 emissions were approximately 4.84 billion kg CO2e. * **2016:** Scope 1 emissions were approximately 18.8 billion kg CO2e. Scope 2 emissions were approximately 102.7 million kg CO2e, and Scope 3 emissions were about 4.74 billion kg CO2e. * **2015:** Scope 1 emissions were approximately 19.3 billion kg CO2e. Scope 2 emissions were approximately 85.4 million kg CO2e, and Scope 3 emissions were about 4.71 billion kg CO2e. * **2014:** Total emissions were approximately 4.98 billion kg CO2e. Scope 1 emissions were about 20.3 billion kg CO2e, Scope 2 emissions were approximately 136 million kg CO2e, and Scope 3 emissions were approximately 21 million kg CO2e. * **2013:** Scope 2 location-based emissions were approximately 127.7 million kg CO2e. Scope 1 and 3 data were not disclosed. * **2012:** Scope 1 emissions were approximately 21 million kg CO2e, and Scope 2 emissions were approximately 147 million kg CO2e. Scope 3 data was not disclosed. * **2011:** Total emissions were approximately 29.4 billion kg CO2e. Scope 1 emissions were about 23.7 billion kg CO2e, Scope 2 emissions were approximately 200 million kg CO2e, and Scope 3 emissions were about 5.5 billion kg CO2e. * **2010:** Scope 1 emissions were approximately 19.04 billion kg CO2e, and Scope 2 market-based emissions were about 94.7 million kg CO2e. **Climate Commitments and Reduction Initiatives:** Fortum has set ambitious climate targets, including: * **Net-Zero by 2040:** The company is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2040. * **European Generation Targets:** Fortum aims to reduce Scope 1 and 2 greenhouse gas emissions from its European electricity and heat generation by 85% per MWh by 2030, and by 90% per MWh by 2040, from a 2023 base year. * **Scope 3 Reductions:** Specific targets are in place to reduce Scope 1 and 3 GHG emissions from fuel and energy-related activities by 69% per MWh by 2030 and by 94% per MWh by 2040. Additionally, absolute Scope 3 GHG emissions from the use of sold products for sold fossil fuels are targeted for reduction by 55% by 2033 and by 90% by 2040. * **Coal Exit:** Fortum plans to exit all coal-based generation by the end of 2027. * **Previous Targets:** Earlier commitments included reducing Scope 1 and 2 emissions in European generation by at least 50% by 2030 compared to a 2019 base year, and achieving carbon neutrality for Scope 1 and 2 by 2035. Fortum's climate commitments are aligned with keeping global warming to 1.5°C. The company also has an intensity target of 200 gCO2/kWh for specific CO2 emissions from total energy production, which it achieved in 2018.