Fortum, a leading energy company, is committed to reduce its greenhouse gas (GHG) emissions. Fortum's efforts in advocating for climate policies are firmly grounded in scientific evidence, with a primary focus on supporting the Paris Agreement. Additionally, the company strongly backs the EU's goal of achieving climate neutrality by 2050. According to sustainable development report, in 2022 the company’s GHG emission for scope 1 (direct emissions) was 41.2 million CO2-eq tonnes, Scope 2 (Indirect location-based) was 0.7 million CO2-eq tonnes and scope 3 GHG emissions was 89.5 tCO2e.

The company has conducted extensive analysis and data testing to ensure the accuracy of its GHG emissions disclosures. This includes interviews with relevant personnel and data owners, as well as reviewing assumptions and emission factors used in calculations. Fortum is dedicated to an ambitious biodiversity objective, aiming for a net-zero loss of biodiversity (excluding aquatic impacts) in both existing and new operations (Scopes 1, 2) by addressing dynamic terrestrial impacts starting from 2030. Furthermore, the company commits to a 50% reduction in negative dynamic terrestrial impacts within upstream Scope 3 by 2030, with the base year set as 2021.

The company has made investments in renewable energy sources and energy efficiency measures. These initiatives aim to decrease the company's reliance on fossil fuels and promote sustainable energy production. By investing in renewable energy and implementing energy-efficient practices, Fortum is contributing to the global transition towards a low-carbon economy. In 2022, Fortum achieved CO2-free power generation, encompassing renewable energy and nuclear power, totaling 42.9 TWh. Notably, 97% of its power generation in Europe and 59% of the total global power generation were derived from CO2-free sources.

In conclusion, Fortum has taken steps to invest in renewable energy sources and improve energy efficiency. By prioritizing renewable energy and sustainability, the company is playing a crucial role in addressing climate change and promoting a greener future. Fortum has established strategic priorities to spearhead the energy transition and facilitate decarbonization, affordability, and security of supply.

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