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Fortum is a majority state-owned company headquartered in Finland. In 2022 its revenue was USD 9.34 billion. The company’s activities include the generation and sale of electricity, heat and steam, as well as energy-related services. Fortum operates worldwide, with the core of its business serving the Nordic countries.

Ranking position
#10 /68
Total score
47.4 /100

34.0 /60
Core social indicators
11.5 /20
Just transition
1.9 /20

ACT score components

Performance score
7.8 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank


#1 35.0 /100 #21

Material investment

#1 21.8 /100 #30

Intangible investment

#1 34.6 /100 #9

Sold products

#1 9.1 /100 #40


#1 75.1 /100 #5

Supplier engagement

#1 48.8 /100 #12

Client engagement

#1 20.0 /100 #31

Policy engagement

#1 83.0 /100 #4

Business model

#1 73.8 /100 #3
Indicates the score for the top performing company.

Act Assessment

Leading Practices

Risks and Opportunities


Fortum receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. Fortum has set ambitious targets to phase out coal in its own operations by the end of 2027 and achieve carbon neutrality by 2030. The company is well-positioned to achieve its targets. However, it needs to improve its transition plan by strengthening its financial commitments and developing a clear set of short- and long-term actions towards the decarbonisation of its own operations and its value chain.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2020
  2. 2021

More about the company

Espoo, Finland
Group revenue
US$ 9,338 million (FY2022)
Group employees
7,712 (FY2022)
Majority state-owned
Installed capacity
8.6 GW
Company filing name
Fortum Corporation

This company is part of the SDG2000, the 2,000 most influential companies

See company profile