- Overlapping national carbon policies diluting the effectiveness of the EU ETS and leading to lower power prices.
- Risk of increasing activity by non-governmental organizations (NGOs) negatively impacting reputation.
- Potential for recurring windfall taxes on high energy prices.
- Chronic physical risks from changing temperatures affecting power generation capacity.
- Uncertainty of the regulatory regime and CO2 allowance pricing impacting investment decisions.
Fortum Oyj
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Fortum Oyj disclosed greenhouse gas emissions of 30.2M tCO2e. By scope: Scope 1: 17.0M tCO2e; Scope 2: 31.3K tCO2e; Scope 3: 13.2M tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
30.2M tCO2e
2022
Renewable Energy
59%
of total energy
Waste
5.9K tons
2022
Energy Use
126.6M MWh
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 17.0M tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 31.3K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 13.2M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 30.2M tCO2e |
| 2021 | 69.9M tCO2e/year |
| 2017 | 18.6M tCO2e |
| 2016 | 18.6 million tonnes (Mt) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 97% of Fortum's power generation in Europe was CO2-free.
- 59% of Fortum's total power generation globally was CO2-free.
- Reduced Scope 1+2+3 greenhouse gas emissions to 30.2 million tonnes of CO2-eq, compared to 33.0 million tonnes CO2-eq in the base year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Exit all coal generation by the end of 2027.
- Reduce total energy production emissions below 20 g CO2/kWh and power generation emissions below 10 g CO2/kWh by 2028.
📅 Medium-term
- Reduce CO2 emissions (Scope 1 and 2) in European generation by at least 50% by 2030 (compared to 2019).
🔭 Long-term
- Carbon neutrality (Scopes 1, 2, and 3) by 2030.
- Carbon neutral (Scope 1 and 2) target in European generation by 2035.
🌱 ESG Focus Areas
Climate ChangeBiodiversityEnvironmental ImpactsWater UseEnergy EfficiencyCircular Economy