Our purpose and strategy
Our purpose is defined by our determination to work towards a world where there is a healthy balance between the well-being of people, the needs of societies, the success of businesses and the diversity of nature.
To power a world where people, businesses and nature thrive together.
As one of the cleanest energy generators in Europe, we help societies to reach carbon neutrality, and our customers to grow and decarbonise their processes in a reliable and profitable way, in balance with nature. Everything we do and all decisions we make will originate from our purpose.
We deliver reliable clean energy
We deliver reliable clean energy, when needed and at scale, to our customers and the Nordic energy system. We will decarbonize those operations that still have emissions.
We drive decarbonisation in industries
We drive decarbonisation and growth – and thus clean energy demand – in Nordic industries. We achieve this by partnering with strategic customers.
We transform and develop
To succeed in the strategy execution, we need to transform and develop our operating model and the way we work.
Our strategy – designed to deliver our purpose
Our two strategic business priorities indicate where we will focus our efforts. Our first priority is to deliver reliable clean energy, when needed and at scale, to our customers and the Nordic energy system. This means we will continue to develop our best-in-class operations for efficiency, flexibility and optimisation. We will also continue to decarbonise and modernise those operations that still have emissions, backed by ambitious environmental commitments.
Secondly, we drive decarbonisation and growth in Nordic industries. We achieve this by partnering with strategic customers, developing and building new clean power and driving the development of clean hydrogen. Together with our partners, we make selective growth investments to renewable energy and explore opportunities in clean hydrogen and new nuclear.
Our third strategic priority describes how we are going to develop and transform to succeed. We restructure our organization to fit-for-purpose, and transform Fortum to a customer-oriented company. We improve how we manage our risk profile and strengthen our open leadership.
Our value to our stakeholders lies in our ability to efficiently, reliably and flexibly deliver clean energy at scale – combined with our clear commitment and pathway to the carbon neutrality of our own operations, and our firm stand in protecting biodiversity.
Our financial targets guide how we look at investments going forward and pursue our business priorities: delivering reliable clean energy and driving decarbonisation in industries.
Our broad role in society is reflected in our new comprehensive and ambitious sustainability targets. By setting these targets we want to be in the front line of our industry to prove that the balance can ultimately be reached.
Our strong company values, our skills and experience make us confident about our commitment, our journey, and ultimately about the results we aim to achieve.
Our environmental and financial targets
Our environmental targets
We are committed to carbon neutrality and protecting biodiversity. Our core business – reliably delivering clean energy – is more important than ever. We are once again one of the cleanest energy generators in Europe, and have the ambition to become a leader in sustainability.
Our financial targets
Financial targets give guidance on Fortum's view of the company's long-term value creation potential, its growth strategy and business activities.
Fortum renews strategy to drive clean transition
New financial targets and dividend policy and more ambitious environmental targets.
Fortum updates business and reporting structure, and appoints new members to the Leadership Team
Fortum is reorganising the Group’s operating model to drive the execution of the Group’s revised strategy announced today. The new business structure and revised Fortum Leadership Team (FLT) will be effective at the end of March.