Climate and resources
Climate and resources
Our purpose is to power a world where people, businesses and nature thrive together. 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.
Our targets
Climate
- Emissions reduction according to the SBTi 1.5 °C trajectory. This commitment assumes a full exit from Russia
- Specific emissions of below 20 gCO2/kWh for total energy production and below 10 gCO2/kWh for power generation by 2028
Carbon neutrality by 2030 (all Scopes 1,2 3)
- Coal-exit in our own operations by the end of 2027
Biodiversity
- No net loss of biodiversity from existing and new operations in Scopes 1 and 2 from 2030 onwards, excluding all aquatic impacts.
- 50% reduction in dynamic terrestrial impacts in upstream Scope 3 by 2030 compared to 2021
- Commitment to continue local initiatives and develop science-based methodology with partners to assess the aquatic impacts of hydropower during 2023.
Our performance in 2022
from continuing operations and excl. Russia
- Specific CO2 emissions from total energy production 45 gCO2/kWh
- Specific CO2 emissions from power generation 25.4 gCO2/kWh
- Direct Scope 1 GHG emission 2.2 million CO2-eq tonnes
- Total GHG emissions, Scope 1-3, 0.9 million CO2-eq tonnes
- Fortum’s coal-based capacity 0.7 GW
- The share of coal of Fortum’s revenues 4%
- The share of fossil fuels of generation-based revenues 6%
We support the UN Sustainable Development Goals (read more). Climate and resources related targets are clearly visible in the below chart.
