Teollisuuden Voima Oyj

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2021

In its 2023 reporting, Teollisuuden Voima Oyj disclosed greenhouse gas emissions of 2.3K t CO2eq (Scope 1) 37809 t CO2eq (Scope 2) 79221 t CO2eq (Scope 3). By scope: Scope 1: 2.0K t CO2eq; Scope 2: 34.6K t CO2eq; Scope 3: 79.2K t CO2eq. 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
2.3K t CO2eq (Scope 1) 37809 t CO2eq (Scope 2) 79221 t CO2eq (Scope 3)
2023
💧
Water Usage
3.7K million m3/year (cooling water)
2023
♻️
Waste
2.6K t/year (recyclable) 0 t/year (landfill) 242 t/year (hazardous)
2023
⚙️
Energy Use
1.2K GWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).2.0K t CO2eq
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.34.6K t CO2eq
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).79.2K t CO2eq

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20232.3K t CO2eq (Scope 1) 37809 t CO2eq (Scope 2) 79221 t CO2eq (Scope 3)
202172.5K tCO2e (Scope 1 & 2)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Minimisation of waste volume and recycling waste as material, at least 55% annually by 2025

📅 Medium-term

  • TVO Group’s own operations are climate neutral by 2030.
  • Minimisation of waste volume and recycling waste as material, at least 60% annually by 2030.

🌱 ESG Focus Areas

Climate-friendly electricity productionResponsible final disposal of spent fuelSafety cultureOccupational health and safetyEmployee competence developmentStakeholder cooperation

⚠️ Challenges & Risks +

  • Delays in the delivery of certain systems for Posiva's final disposal project, postponing the start of the joint functional test until late 2024.
  • Rising temperature of seawater, which could impact production as a power limitation.
  • The processing of Posiva’s operating licence has progressed at the Radiation and Nuclear Safety Authority (STUK), and Posiva submitted responses to the requests for additional information. In September 2023, the Radiation and Nuclear Safety Authority reported that the safety assessment and statement on the operating licence application for the final disposal facility for spent nuclear fuel will not be completed in 2023.

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards (2021)
Assurance: KPMG Oy Ab (limited assurance on selected indicators), DNV Business Assurance Finland Oy Ab (Environmental Report)