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Finnair Oyj

Common Name
Finnair
Country
Finland
Sector
Industrials
Industry
Airlines
Employees
5,843
Ticker
FIA1S
Exchange
NASDAQ HELSINKI LTD
Description
Finnair Oyj is a prominent airline company based in Finland, known for providing comprehensive air transport services. The primary function of Finnair is to operate both domestic and international fli...

Finnair's GHG Emissions Data Preview

In 2024, Finnair completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Finnair has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Finnair’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Finnair’s data sources below and access millions more through our Disclosure Search.

a. Finnair's Financial Report 2024
a. Finnair's Financial Report 2024

Insights into Finnair's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofFinnair amounted to3,464,432metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Finnairincreased by 8.63%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Finnair's Scope 1 Emissions Over Time

202320240900 k1.8 M2.7 M3.6 MtCO2e+9%
  • Total Scope 1
  • Year-over-Year Change

What are Finnair's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Finnair were 3,459,576 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Compared to the previous year(2023), Finnair's Scope 1 emissions increased by 8.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Finnair's Scope 2 emissions?

In 2024, Finnair reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 4,856 tCOâ‚‚e using the location-based method.a

Has Finnair reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Finnair's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Finnair's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Finnair use for Scope 2 reporting?

In 2024, Finnair reported its Scope 2 emissions using the market-based method and using the location-based method.a

Finnair's Scope 2 Emissions Over Time

2023202402 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Finnair's Value Chain Emissions

In 2024, Finnair reported 881,939 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Finnair includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Finnair's Scope 3 Emissions Over Time

202320240250 k500 k750 k1 MtCO2e+7%
  • Total Scope 3
  • Year-over-Year Change

What are Finnair's Scope 3 emissions?

In 2024, Finnair reported total Scope 3 emissions of 881,939 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 97.39%of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.61%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Finnair's Scope 3 emissions remained relatively stable, indicating that Finnair's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Finnair disclose?

In 2024, Finnair reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Finnair's Scope 3 emissions?

In 2024, the largest contributors to Finnair's Scope 3 emissions were:a

  • Fuel- and Energy-Related Services (Cat. 3): 528,121 tCOâ‚‚e(59.88%)
  • Purchased Goods and Services (Cat. 1): 190,510 tCOâ‚‚e(21.6%)
  • Capital Goods (Cat. 2): 106,888 tCOâ‚‚e(12.12%)

Finnair's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(59.9%)Purchased Goods andServices (Cat. 1)(21.6%)Capital Goods(Cat. 2)(12.1%)

Insights into Finnair’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Finnair reported Scope 1 greenhouse gas (GHG) emissions of 3,459,576 tCOâ‚‚e and total revenues of USD 3,173 millions. This translates into an emissions intensity of 1,090.45 tCOâ‚‚e per millions USD.a

Finnair's Scope 1 Emissions Intensity Compared to Peers

1020010,000500,00020,000,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)ConstiYear: 2024Scope 1: 2,038 tCO2eRevenue: $M 340Scope 1 Intensity: 6.00 tCO2e/$MValmetYear: 2024Scope 1: 20,395 tCO2eRevenue: $M 5,577Scope 1 Intensity: 3.66 tCO2e/$MYITYear: 2024Scope 1: 18,300 tCO2eRevenue: $M 1,894Scope 1 Intensity: 9.66 tCO2e/$MPonsseYear: 2024Scope 1: 3,497 tCO2eRevenue: $M 781Scope 1 Intensity: 4.48 tCO2e/$MKreate GroupYear: 2024Scope 1: 3,798 tCO2eRevenue: $M 287Scope 1 Intensity: 13.25 tCO2e/$MDovre GroupYear: 2024Scope 1: 1,710 tCO2eRevenue: $M 103Scope 1 Intensity: 16.54 tCO2e/$MKalmarYear: 2024Scope 1: 8,100 tCO2eRevenue: $M 1,790Scope 1 Intensity: 4.52 tCO2e/$MKoneYear: 2024Scope 1: 112,500 tCO2eRevenue: $M 11,549Scope 1 Intensity: 9.74 tCO2e/$MWartsila Oyj AbpYear: 2024Scope 1: 37,066 tCO2eRevenue: $M 6,711Scope 1 Intensity: 5.52 tCO2e/$MAspoYear: 2024Scope 1: 179,675 tCO2eRevenue: $M 617Scope 1 Intensity: 291.36 tCO2e/$MScanfilYear: 2024Scope 1: 1,706 tCO2eRevenue: $M 812Scope 1 Intensity: 2.10 tCO2e/$MEtteplanYear: 2024Scope 1: 362 tCO2eRevenue: $M 376Scope 1 Intensity: 0.96 tCO2e/$MRauteYear: 2023Scope 1: 365 tCO2eRevenue: $M 161Scope 1 Intensity: 2.27 tCO2e/$MGlaston Oyj AbpYear: 2023Scope 1: 552 tCO2eRevenue: $M 243Scope 1 Intensity: 2.27 tCO2e/$MSitowise GroupYear: 2024Scope 1: 96 tCO2eRevenue: $M 201Scope 1 Intensity: 0.48 tCO2e/$MViking Line AbpYear: 2024Scope 1: 252,448 tCO2eRevenue: $M 500Scope 1 Intensity: 504.99 tCO2e/$MLassila & TikanojaYear: 2024Scope 1: 26,450 tCO2eRevenue: $M 802Scope 1 Intensity: 32.98 tCO2e/$MComponentaYear: 2024Scope 1: 4,037 tCO2eRevenue: $M 101Scope 1 Intensity: 39.93 tCO2e/$MSRV YhtiotYear: 2023Scope 1: 1,138 tCO2eRevenue: $M 675Scope 1 Intensity: 1.69 tCO2e/$MHiabYear: 2024Scope 1: 13,627 tCO2eRevenue: $M 1,714Scope 1 Intensity: 7.95 tCO2e/$MEnento GroupYear: 2024Scope 1: 15 tCO2eRevenue: $M 156Scope 1 Intensity: 0.09 tCO2e/$MKonecranes AbpYear: 2024Scope 1: 35,000 tCO2eRevenue: $M 4,394Scope 1 Intensity: 7.97 tCO2e/$MFinnairYear: 2024Scope 1: 3,459,576 tCO2eRevenue: $M 3,173Scope 1 Intensity: 1,090.45 tCO2e/$M

How does Finnair's GHG emissions intensity compare to its peers?

In 2024, Finnair reported a Scope 1 emissions intensity of 1,090.45 tCOâ‚‚e per millions USD. Compared to the peer group median of 5.76, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Finnair rank on GHG emissions intensity within its industry?

In 2024, Finnair ranked 23 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Finnair among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Finnair's Total Carbon Footprint

In 2024, Finnair reported a total carbon footprint of 4,346,371 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.26% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Finnair's total carbon footprint was Scope 1 emissions, accounting for 79.6% of the company's total carbon footprint, followed by Scope 3 emissions at 20.29%.a

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