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Fortum

Fortum is a publicly listed company headquartered in Espoo, Finland with 50.76% owned by the government of Finland. In 2020, its revenue was USD 55.9 billion and installed capacity was 50.3 Gigawatts (GW). Fortum owns a diverse portfolio, predominantly based on gas, hydropower and nuclear energy.

Ranking position
#36/50
Total score
19.8/100
Performance score
8.3/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 2.8 / 4 #14

Material Investment

#1 2.0 / 7 #22

Intangible Investment

#1 1.0 / 2 #1

Management

#1 1.6 / 4 #30

Policy Engagement

#1 0.4 / 1 #28

Business Model

#1 0.5 / 2 #34

Leading practices

Risks and opportunities

Trend

Fortum receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Fortum has to decrease emissions intensity by 10% annually to align with its 1.5°C pathway in 2021-2025, however, projected annual decrease is 4%. Fortum is expected to include all its assets in its transition plan and develop a set of clear milestones. Lack of short-term targets covering 100% of scope 1 and 2 emissions might undermine company’s ability to achieve its long-term targets.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Espoo, Finland
Group revenue (2020)
USD 55.9 billion
Ownership
Publicly listed with 50.76% owned by the government of Finland. Recently acquired a majority share in Uniper
Installed capacity (2020)
85.7 GW
Website
https://www.fortum.com/

This company is part of the SDG2000, the 2.000 most influential companies

See company profile