Climate and resources
Rocks, trees and lake

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.

Sustainability report

Sustainability 2022

Read our report
Earth globe

CDP Climate change

Read our 2022 response