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Fortum Oyj

Common Name
Fortum
Country
Finland
Sector
Utilities
Industry
Utilities - Renewable
Employees
4,535
Ticker
FORTUM
Exchange
Nasdaq Helsinki
Description
Fortum Oyj is a Finnish state-owned energy company headquartered in Espoo, Finland, specializing in the generation and sale of electricity and heat primarily in the Nordic region. Formed in 1998 from ...

Fortum's GHG Emissions Data Preview

In 2025, Fortum 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).

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

Metric (tCO2e)2025202420232022-2019
Total Scope 1
757,800a
1,351,041b
1,635,701b
Total Scope 2
Market-Based
130,600a
24,470b
44,784b
Location-Based
179,400a
46,694b
57,372b
Total Scope 3
11,202,600a
11,494,566b
12,465,711b
Total Scope 1 Revenue Intensity (tCO2e/$M)
129.1991a
223.8466b
220.2113b
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Verified Sources Behind Fortum’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 Fortum’s data sources below and access millions more through our Disclosure Search.

a. Fortum's Financial Report 2025
b. Fortum's Financial Report 2024
c. Fortum's CDP Climate sourced from company’s website 2020

Insights into Fortum's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Fortum amounted to 937,200 metric 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 2024, the total operational greenhouse gas (GHG) emissions of Fortum decreased by 32.95%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Fortum's Scope 1 Emissions Over Time

2019202020212022202320242025015 M30 M45 M60 MtCO2e+155%-64%-88%-26%-17%-44%
  • Total Scope 1
  • Year-over-Year Change

What are Fortum's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Fortum were 757,800 metric tons of CO₂ equivalent (tCO₂e).a

Has Fortum reduced its Scope 1 emissions over time?

Since 2019, Fortum's Scope 1 emissions have decreased by 96.07%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year (2024), Fortum's Scope 1 emissions decreased by 43.91%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab

What are Fortum's Scope 2 emissions?

In 2025, Fortum reported Scope 2 greenhouse gas (GHG) emissions of 130,600 tCO₂e using the market-based method and 179,400 tCO₂e using the location-based method.a

Has Fortum reduced its Scope 2 emissions over time?

Since 2019, Fortum's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 33.78%, reflecting a rising long-term trend in Scope 2 emissions over time.ac

Compared to the previous year (2024), Fortum's Scope 2 emissions (Location-Based) rose by 284.2% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab

What methodology does Fortum use for Scope 2 reporting?

In 2025, Fortum reported its Scope 2 emissions using the market-based method and using the location-based method.a

Fortum's Scope 2 Emissions Over Time

20192020202120222023202420250250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Fortum's Value Chain Emissions

In 2025, Fortum reported 11,202,600 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Fortum includes a breakdown across 15 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Fortum's Scope 3 Emissions Over Time

201920202021202220232024202507 M14 M21 M28 MtCO2e+377%-50%-31%+31%-8%-3%
  • Total Scope 3
  • Year-over-Year Change

What are Fortum's Scope 3 emissions?

In 2025, Fortum reported total Scope 3 emissions of 11,202,600 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 87.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.53% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Fortum reduced its Scope 3 emissions over time?

Since 2019, Fortum's Scope 3 emissions have increased by 92.84%, reflecting a rising long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2024), Fortum's Scope 3 emissions remained relatively stable, indicating that Fortum's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Fortum disclose?

In 2025, Fortum reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

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

In 2025, the largest contributors to Fortum's Scope 3 emissions were:a

  • Fuel- and Energy-Related Services (Cat. 3): 9,265,100 tCO₂e (82.7%)
  • Use of Sold Products (Cat. 11): 1,395,800 tCO₂e (12.46%)
  • Upstream Transportation and Distribution (Cat. 4): 233,900 tCO₂e (2.09%)

Fortum's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(82.7%)UpstreamTransportation andDistribution(Cat. 4)(2.1%)Use of Sold Products(Cat. 11)(12.5%)

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

In 2025, Fortum reported Scope 1 greenhouse gas (GHG) emissions of 757,800 tCO₂e and total revenues of USD 5,865 millions. This translates into an emissions intensity of 129.2 tCO₂e per millions USD.a

Fortum's Scope 1 Emissions Intensity Compared to Peers

502,000100,0005,000,000200,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)Enlight Renewable EnergyYear: 2023Scope 1: 256 tCO2eRevenue: $M 256Scope 1 Intensity: 1.00 tCO2e/$MGuangxi Guiguan Electric PowerYear: 2024Scope 1: 2,223,743 tCO2eRevenue: $M 1,315Scope 1 Intensity: 1,690.82 tCO2e/$MPublic PowerYear: 2024Scope 1: 10,528,803 tCO2eRevenue: $M 9,343Scope 1 Intensity: 1,126.89 tCO2e/$MEdp RenewablesYear: 2025Scope 1: 4,300 tCO2eRevenue: $M 3,164Scope 1 Intensity: 1.36 tCO2e/$MKansai Electric PowerYear: 2024Scope 1: 19,447,000 tCO2eRevenue: $M 26,805Scope 1 Intensity: 725.49 tCO2e/$MNomura HoldingsYear: 2025Scope 1: 2,513 tCO2eRevenue: $M 11,085Scope 1 Intensity: 0.23 tCO2e/$MBarito Renewables EnergyYear: 2024Scope 1: 366,654 tCO2eRevenue: $M 597Scope 1 Intensity: 614.34 tCO2e/$MAdani Green EnergyYear: 2023Scope 1: 711 tCO2eRevenue: $M 947Scope 1 Intensity: 0.75 tCO2e/$MOerstedYear: 2025Scope 1: 184,732 tCO2eRevenue: $M 10,012Scope 1 Intensity: 18.45 tCO2e/$MAriston HoldingYear: 2025Scope 1: 49,876 tCO2eRevenue: $M 3,183Scope 1 Intensity: 15.67 tCO2e/$MChugoku Electric PowerYear: 2025Scope 1: 15,830,000 tCO2eRevenue: $M 10,197Scope 1 Intensity: 1,552.36 tCO2e/$MDrax GroupYear: 2024Scope 1: 266,000 tCO2eRevenue: $M 7,631Scope 1 Intensity: 34.86 tCO2e/$MElectric Power DevelopmentYear: 2024Scope 1: 45,940,000 tCO2eRevenue: $M 8,307Scope 1 Intensity: 5,530.35 tCO2e/$MEnel Generacion ChileYear: 2024Scope 1: 2,370,390 tCO2eRevenue: $M 3,192Scope 1 Intensity: 742.64 tCO2e/$MBrookfield RenewableYear: 2024Scope 1: 134,654 tCO2eRevenue: $M 4,142Scope 1 Intensity: 32.51 tCO2e/$MShanghai Electric PowerYear: 2024Scope 1: 46,266,600 tCO2eRevenue: $M 5,855Scope 1 Intensity: 7,901.42 tCO2e/$MAcciona EnergíaYear: 2024Scope 1: 12,473 tCO2eRevenue: $M 3,172Scope 1 Intensity: 3.93 tCO2e/$MBKWYear: 2024Scope 1: 881,500 tCO2eRevenue: $M 5,023Scope 1 Intensity: 175.49 tCO2e/$MChina Longyuan Power GroupYear: 2024Scope 1: 7,186,902 tCO2eRevenue: $M 5,092Scope 1 Intensity: 1,411.33 tCO2e/$MCTGRYear: 2024Scope 1: 33,575 tCO2eRevenue: $M 4,072Scope 1 Intensity: 8.25 tCO2e/$MSDIC Power HoldingsYear: 2024Scope 1: 48,808,719 tCO2eRevenue: $M 7,923Scope 1 Intensity: 6,160.76 tCO2e/$MAxia EnergiaYear: 2025Scope 1: 92,957 tCO2eRevenue: $M 7,514Scope 1 Intensity: 12.37 tCO2e/$MBrookfield Renewable PartnersYear: 2024Scope 1: 140,074 tCO2eRevenue: $M 7,999Scope 1 Intensity: 17.51 tCO2e/$MVerbundYear: 2025Scope 1: 857,241 tCO2eRevenue: $M 9,421Scope 1 Intensity: 90.99 tCO2e/$MHuaneng Lancang River HydropowerYear: 2024Scope 1: 132 tCO2eRevenue: $M 3,411Scope 1 Intensity: 0.04 tCO2e/$MFortumYear: 2025Scope 1: 757,800 tCO2eRevenue: $M 5,865Scope 1 Intensity: 129.20 tCO2e/$M

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

In 2025, Fortum reported a Scope 1 emissions intensity of 129.2 tCO₂e per millions USD. Compared to the peer group median of 34.86, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

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

In 2025, Fortum ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Fortum is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Fortum's Total Carbon Footprint

In 2025, Fortum reported a total carbon footprint of 12,139,800 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.84% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Fortum's total carbon footprint was Scope 3 emissions, accounting for 92.28% of the company's total carbon footprint, followed by Scope 1 emissions at 6.24%.a

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