Fortum Oyj is a leading energy company headquartered in Finland, specializing in the generation, distribution, and sales of electricity as well as the heating and cooling solutions. The primary functi... Fortum Oyj is a leading energy company headquartered in Finland, specializing in the generation, distribution, and sales of electricity as well as the heating and cooling solutions. The primary function of Fortum is to offer sustainable energy solutions by focusing extensively on solar, wind, and hydropower, which align with global initiatives to reduce carbon emissions. The company plays a significant role in energy markets across Nordic and Baltic countries, Russia, Poland, and parts of India. A key feature of Fortum’s operations is its dedication to innovation in clean energy technologies, which helps transition energy systems towards more sustainable practices. Fortum also engages in the recycling and waste solutions segment, emphasizing a circular economy. As an entity in the energy sector, Fortum Oyj contributes to energy security and is vital for infrastructure and industrial growth. Its commitment to sustainable development adds substantial value to its shareholder portfolio and upholds its position as a significant player in the European energy landscape.
In 2024, Fortum was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Fortum has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Fortum are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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b
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c
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Total Taxonomy Eligible A Turnover
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b
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c
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Total Taxonomy Non-Eligible B Turnover
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a
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b
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c
0000000
2.2 PPC - Treatment of hazardous waste
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a
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0000000
2.7 CE - Sorting and material recovery of non-hazardous waste
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a
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0000000
4.15 CCM/CCA - District heating/cooling distribution
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a
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b
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0000000
4.24 CCM/CCA - Production of heat/cool from bioenergy, 4.25 CCM/CCA - Production of heat/cool using waste heat
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b
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0000000
4.27 CCM/CCA - Construction and safe operation of new nuclear power plants, for the generation of electricity and/or heat, including for hydrogen production, using best-available technologies
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a
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b
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0000000
4.28 CCM/CCA - Electricity generation from nuclear energy in existing installations
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a
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b
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0000000
4.3 CCM/CCA - Electricity generation from wind power
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a
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0000000
4.5 CCM/CCA - Electricity generation from hydropower
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a
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b
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0000000
Other Activities
Copy/Paste is a PRO feature.
a
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0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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b
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c
0000000
Total Taxonomy Eligible A Opex
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b
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c
0000000
Total Taxonomy Non-Eligible B Opex
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a
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b
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c
0000000
2.2 PPC - Treatment of hazardous waste
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
2.7 CE - Sorting and material recovery of non-hazardous waste
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a
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Copy/Paste is a PRO feature.
0000000
3.4 CCM/CCA - Manufacture of batteries
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a
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Copy/Paste is a PRO feature.
0000000
4.15 CCM/CCA - District heating/cooling distribution
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a
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b
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0000000
4.24 CCM/CCA - Production of heat/cool from bioenergy, 4.25 CCM/CCA - Production of heat/cool using waste heat
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b
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0000000
4.25 CCM/CCA - Production of heat/cool using waste heat
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a
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Copy/Paste is a PRO feature.
0000000
4.28 CCM/CCA - Electricity generation from nuclear energy in existing installations
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a
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b
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0000000
4.3 CCM/CCA - Electricity generation from wind power
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a
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Copy/Paste is a PRO feature.
0000000
4.5 CCM/CCA - Electricity generation from hydropower
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a
Copy/Paste is a PRO feature.
b
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0000000
Other Activities
Copy/Paste is a PRO feature.
a
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Copy/Paste is a PRO feature.
0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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b
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c
0000000
Total Taxonomy Eligible A Capex
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b
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c
0000000
Total Taxonomy Non-Eligible B Capex
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a
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b
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c
0000000
2.2 PPC - Treatment of hazardous waste
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
2.7 CE - Sorting and material recovery of non-hazardous waste
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
3.4 CCM/CCA - Manufacture of batteries
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a
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Copy/Paste is a PRO feature.
0000000
4.15 CCM/CCA - District heating/cooling distribution
Copy/Paste is a PRO feature.
a
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b
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0000000
4.24 CCM/CCA - Production of heat/cool from bioenergy, 4.25 CCM/CCA - Production of heat/cool using waste heat
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
b
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0000000
4.25 CCM/CCA - Production of heat/cool using waste heat
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
4.28 CCM/CCA - Electricity generation from nuclear energy in existing installations
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
b
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0000000
4.3 CCM/CCA - Electricity generation from wind power
Copy/Paste is a PRO feature.
a
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b
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0000000
4.5 CCM/CCA - Electricity generation from hydropower
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a
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b
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0000000
Other Activities
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
Limited Data Preview
You are viewing a limited preview of Fortum’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Fortum’s EU Taxonomy 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 Fortum’s data sources below and access millions more through our Disclosure Search.
a. Fortum's Financial Report 2024
b. Fortum's Financial Report 2023
c. Fortum's Sustainability Report 2022
Insights into Fortum's Revenues from Sustainable Activities
In 2024, Fortum reported EU Taxonomy-eligible revenues of EUR 2.91 billion, representing 50% of its total turnover. Of this amount, EUR 2.87 billion of Fortum's revenues was classified as EU Taxonomy-aligned, indicating that 49% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Fortum's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Fortum's revenues become more sustainable over time?
Since 2022, Fortum's taxonomy-aligned revenues increased by 11.36%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Fortum's taxonomy-aligned revenues increased by 13.95%,highlighting Fortum's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Fortum's revenue is eligible under the EU Taxonomy?
In 2024, Fortum reported that EUR 2.91 billion of its revenue was eligible under the EU Taxonomy, representing 50% of the company's total turnover. Of this amount, EUR 2.87 billion (49% of total revenue) was classified as Taxonomy-aligned. This means that 1% of Fortum's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Fortum's eligible revenue is aligned with the EU Taxonomy?
In 2024, Fortum reported that EUR 2.87 billion of its revenue was aligned under the EU Taxonomy, representing 49% of its total turnover.a
This moderate level of alignment indicates that Fortum has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Fortum's Eligibility & Alignment Overview
Fortum's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Fortum's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Fortum reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 43%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 2%
Pollution Prevention and Control: 4%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Fortum earn from selling climate-related solutions ?
In 2024, Fortum reported that EUR 2.49 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 43% of the company's total revenue,indicating that Fortumhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Fortum's CAPEX from Sustainable Activities
In 2024, Fortum reported EU Taxonomy-eligible CAPEX of EUR 397.00 million,representing 76% of its total CAPEX. Of this amount, EUR 386.00 million of Fortum's CAPEX was classified as EU Taxonomy-aligned, indicating that 74% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Fortum's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Fortum's increased its investment in sustainable activities over time?
Since 2022, Fortum's taxonomy-aligned capital expenditure (CAPEX)increased by 45.1%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Fortum's taxonomy-aligned CAPEX increased by 15.62%,highlighting Fortum's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Fortum's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Fortum reported that EUR 397.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 76% of the company's total CAPEX. Of this amount, EUR 386.00 million (74% of total CAPEX) was classified as Taxonomy-aligned. This means that 2% of Fortum's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Fortum's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Fortum reported that EUR 386.00 million of its CAPEX was aligned under the EU Taxonomy, representing 74% of its total capital investment.a
This strong alignment suggests that Fortum is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Fortum's Eligibility & Alignment Overview
Fortum's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Fortum's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Fortum reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 65%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 2%
Pollution Prevention and Control: 7%
Protection and restoration of biodiversity and ecosystems: 0%
How much Fortum is investing in climate-related solutions?
In 2024, Fortum allocated EUR 341.25 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 65% of the company's total capital expenditure,indicating that Fortumis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Fortum's OPEX from Sustainable Activities
In 2024, Fortum reported EU Taxonomy-eligible OPEX of EUR 191.00 million,representing 79% of its total operating expenses (OPEX). Of this amount, EUR 181.00 million of Fortum's OPEX was classified as EU Taxonomy-aligned, indicating that 75% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Fortum's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Fortum's increased its spending in sustainable activities over time?
Since 2022, Fortum's taxonomy-aligned operating expenditure (OPEX)increased by 47.06%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Fortum's taxonomy-aligned OPEX increased by 33.93%,highlighting Fortum's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Fortum's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Fortum reported that EUR 191.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 79% of the company's total OPEX. Of this amount, EUR 181.00 million (75% of total OPEX) was classified as Taxonomy-aligned. This means that 4% of Fortum's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Fortum's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Fortum reported that EUR 181.00 million of its OPEX was aligned under the EU Taxonomy, representing 75% of its total operational expenditure.a
This strong alignment suggests that Fortum is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.
Fortum's Eligibility & Alignment Overview
Fortum's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Fortum's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Fortum reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 60%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 2%
Pollution Prevention and Control: 12%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Fortum's operational budget supports climate-related solutions?
In 2024, Fortum allocated EUR 145.20 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 60% of the company's total OPEX,indicating that Fortumis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.a
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