Our approach
At Fortum, sustainability is at the core of our strategy and operations. It represents our commitment to our purpose, to power a world where people, businesses, and nature thrive together.
We have integrated sustainability into everything we do - our businesses are responsible for ensuring high sustainability performance in their activities and operations. And we actively manage our impacts.
The way we produce and consume energy plays a crucial role in the environment and society. Our approach to sustainability encompasses a wide aspect of environmental, social, and governance (ESG) aspects. We highlight our efforts and ambitions in areas such as climate, biodiversity, health & safety, people & wellbeing, and community involvement. We continuously develop the fundaments of sustainability, including human rights, supply chain sustainability, and business ethics and compliance.
Walking the talk
At Fortum, we believe in leading by example and inspiring others through our actions. We prioritise decarbonising our own operations, with ambitious fossil scope 1 and 2 emission reduction targets that exceed the SBTi 1.5°C-aligned target level. Committed to delivering our climate targets, we take concrete steps towards achieving net-zero emissions. Additionally, we strive to support our customers in their decarbonisation journey and promote smarter energy use. By doing our part, we aim to help societies reach common climate goals.
Partnerships for a sustainable society
Decarbonisation of societies and industries is a joint effort that requires working together with various partners. For us, this means both internal collaboration – winning together across various parts of Fortum – as well as in close cooperation with external stakeholders.
Engaging with stakeholders is crucial and valuable. Feedback from customers drives the development of our products and services, whereas employee views enable us to practice successful employee retention. Discussions with national authorities, decision-makers and politicians – as well as NGOs and trade unions – keep us informed on topical policy and sustainability issues. Dialogue with local communities around our sites helps us to contribute positively to the surrounding society, whereas the perspectives of our suppliers help us understand the supply chain better. Active dialogue with investors helps us address capital market requirements and, most importantly, consider investor feedback in continuous business development and strategic decarbonisation efforts.
Reporting according to CSRD
Sustainability is integrated into the core of our business. Fortum's Sustainability Statement 2024 is now part of the Financials report, aligned with the Corporate Sustainability Reporting Directive (CSRD) set by the EU. This alignment has further accelerated our efforts to integrate the broader sustainability agenda into our operations. From financial year 2024 onwards, Fortum’s sustainability reporting is disclosed in the annual Sustainability Statement prepared in accordance with the European Sustainability Reporting Standards (ESRS) of the CSRD, based on the double materiality assessment (DMA).
Fortum's Sustainability Statement
Read more about Fortum's Sustainability Statement 2024, part of the financials 2024 report.