Fortum

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.