Fortum is well-positioned to capture opportunities resulting from the energy transition aimed at curbing climate change. To be successful, the energy transition must balance sustainability, affordability, and security of supply. The energy transition requires not only renewables but also increasingly clean gas, energy storage, and other flexible solutions to provide security of supply and to decarbonise also industry, transportation, heating, and cooling. Building on our strengths, our future growth will be driven by CO2-free power generation, sustainably transforming our own operations to become carbon neutral and engaging customers and society to decarbonise.
In December 2020, Fortum updated the strategy for the whole Fortum Group to drive the clean energy transition and deliver sustainable financial performance. Aligned with the goals of the Paris Agreement, Fortum targets carbon neutrality latest by 2050 with ambitious mid-term targets.
As announced on 21 September 2022, Fortum has agreed to fully divest Uniper to the German State. Read more about the agreement: Fortum and Uniper page.