Fortum Sustainability Profile
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 93 is higher than 98% 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 a significant Scope 3 total 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 in European generation by 2030, compared to a 2019 baseline. Additionally, Fortum has committed to achieving carbon neutrality across all scopes by 2030 and plans to exit all coal-based generation by the end of 2027. In 2023, Fortum's emissions in Finland were reported at approximately 700,000,000 kg CO2e for Scope 1, while globally, the total emissions were about 14,146,196,000 kg CO2e, with Scope 1 at approximately 1,635,701,000 kg CO2e and Scope 2 at around 44,784,000 kg CO2e (market-based). Fortum's long-term strategy includes a commitment to reach net-zero greenhouse gas emissions across its value chain by 2040, with specific near-term targets to reduce Scope 1 and 2 emissions from electricity and heat generation by 85% per MWh by 2030, using 2023 as the base year. The company also aims to reduce Scope 3 emissions from fuel and energy-related activities by 69% per MWh within the same timeframe. Overall, Fortum's climate commitments reflect a robust approach to sustainability, aligning with industry standards and contributing to global efforts to combat climate change.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 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 | 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 | 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 | 0,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Fortum's Industry?
How Carbon Intensive is Fortum's Location?
Fortum's Scope 3 Categories Breakdown
Fortum's Scope 3 emissions, which decreased by 8% last year and increased by approximately 109% since 2011, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 84% of Scope 3 emissions.
Top Scope 3 Categories
Fortum's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Fortum has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Fortum's sustainability data and climate commitments