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Fortum's GHG Emissions Data Preview
In 2024, 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 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  c | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
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aVerified 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.
Insights into Fortum's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Fortum amounted to 1,397,735 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 2023, the total operational greenhouse gas (GHG) emissions of Fortum decreased by 17.44%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Fortum's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Fortum's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Fortum were 1,351,041 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 92.99%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2023), Fortum's Scope 1 emissions decreased by 17.4%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Fortum's Scope 2 emissions?
In 2024, Fortum reported Scope 2 greenhouse gas (GHG) emissions of 24,470 tCO₂e using the market-based method and 46,694 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 decreased by 65.18%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year (2023), Fortum's Scope 2 emissions (Location-Based) fell by 18.61% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Fortum use for Scope 2 reporting?
In 2024, 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
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Fortum's Value Chain Emissions
In 2024, Fortum reported 11,494,566 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 2024 disclosure of Fortum includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, down from 13 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Fortum's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Fortum's Scope 3 emissions?
In 2024, Fortum reported total Scope 3 emissions of 11,494,566 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 30.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 69.23% 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 97.86%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), Fortum's Scope 3 emissions remained relatively stable, indicating that Fortum's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Fortum disclose?
In 2024, Fortum reported emissions for 11 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 2024, the largest contributors to Fortum's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 1,266,451 tCO₂e (69.22%)
- Upstream Transportation and Distribution (Cat. 4): 280,798 tCO₂e (15.35%)
- Purchased Goods and Services (Cat. 1): 167,311 tCO₂e (9.14%)
Fortum's Scope 3 Emissions by Categories
Insights into Fortum’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Fortum reported Scope 1 greenhouse gas (GHG) emissions of 1,351,041 tCO₂e and total revenues of USD 6,036 millions. This translates into an emissions intensity of 223.85 tCO₂e per millions USD.a
Fortum's Scope 1 Emissions Intensity Compared to Peers
How does Fortum's GHG emissions intensity compare to its peers?
In 2024, Fortum reported a Scope 1 emissions intensity of 223.85 tCO₂e per millions USD. Compared to the peer group median of 9.56, 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 2024, Fortum ranked 19 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Fortum among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Fortum's Total Carbon Footprint
In 2024, Fortum reported a total carbon footprint of 12,892,301 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.94% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Fortum's total carbon footprint was Scope 3 emissions, accounting for 89.16% of the company's total carbon footprint, followed by Scope 1 emissions at 10.48%.a