Fortum

Electric Utilities
FORTUM.HE
€ 13 (0.04)%
Share price
$ 12 bn
Market Cap
$ 21 bn
Enterprise Value

Carbon footprint

3,344 Ton
GHG emissions per $ 1 mln investment
83x the weighted average for S&P 500
FY2021
How is this calculated?
+41%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-9.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Fortum aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
Fortum's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Fortum aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Fortum's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Fortum's GHG emissions (location-based) (Kt of CO2e)
Fortum's Carbon intensity (Tons per 1 USDm)

Fortum's carbon footprint

Fortum reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 69,751 Kt (+20,119/+41% y-o-y). At the sime time, carbon intensity declined to 523 t (-342 /-39.5% y-o-y).

Fortum's Scope 3 emissions skyrocketed to 120,228 Kt (+92,392/+332% y-o-y). This is a higher growth rate than over the period since 4Q'15 (+59% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -6,670 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -6,551 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 35% by 2035 from a base year 2021, which translates into the estimated reduction of -3,006 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

Show more...