Editing Fortum

{{Short description|Finnish energy company}}
{{For|the antibiotic|Ceftazidime}}
{{Distinguish|Fortnum & Mason}}
{{Redirect|Imatran Voima|the Finnish electronic music duo|Imatran Voima (band)}}

{{Infobox company
| name = Fortum Oyj
| logo = Fortum logo.svg
| image = Fortum HQ Keilaniemi 2017.jpg
| image_caption = Fortum's headquarters in [[Espoo]], [[Finland]].
| type = {{lang|fi|[[Osakeyhtiö#Julkinen osakeyhtiö|Julkinen osakeyhtiö]]}}
| traded_as = {{OMX|HEX24271|FORTUM}}
| industry = [[Electricity]]
| fate = 
| predecessor = Imatran Voima (IVO)
| successor = 
| founded = {{unbulleted list|{{start date and age|df=yes|1998}}}}
| founder = 
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| area_served = Nordic countries, Poland, India
| key_people = {{unbulleted list|Mikael Silvennoinen {{small|([[Chairperson|Chairman]])}}|Markus Rauramo {{small|([[President (corporate title)|President]] and [[Chief executive officer|CEO]])}}|Tiina Tuomela {{small|([[Chief financial officer|CFO]])}}}}
| products = [[Electric power]]<br/>[[District heating|Heat]]
| brands = 
| production = 
| services = 
| revenue = {{decrease}} {{€|6.711}} billion (2023)<ref name=Fin2020/>
| operating_income = 
| net_income = {{decrease}} {{€|1.544}} billion (2023)<ref name=Fin2020/>
| assets = {{decrease}} {{€|18.739}} billion (2023)<ref name=Fin2020/>
| equity = {{increase}} {{€|8.499}} billion (2023)<ref name=Fin2020/>
| owner = [[Government of Finland]],<br> Finnish National Institutions ([[Kela (Finnish institution)|Kela]], [[Keva (pension agency)|Keva]], [[Ministry of Finance (Finland)|State Pension Fund]], City Councils of [[Kurikka]], [[Turku]] and [[Kauhajoki]]) (53.03%)
| num_employees = {{decrease}} 5,225 <small>(2023)</small><ref name=Fin2020/>
| parent = 
| divisions = 
| subsid = 
| footnotes = 
| hq_location_city = [[Espoo]]
| hq_location_country = [[Finland]]
| homepage = {{URL|https://www.fortum.com/}}
}}

'''Fortum Oyj''' is a [[Finland|Finnish]] [[Government of Finland|state-owned]] energy company located in [[Espoo]], Finland. It mainly focuses on the [[Nordic countries|Nordic]] region.<ref name="Fin2020">{{Cite web |date= |title=Fortum Financials 2023 |url=https://www.fortum.com/files/fortum-financials-2023/download |access-date=2024-05-02 |website=Fortum}}</ref> Fortum operates [[power plant]]s, including [[co-generation plant]]s, and generates and sells [[electricity]] and [[heat]]. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the [[Nasdaq Helsinki]] stock exchange.

As of 2023 Fortum was the third-largest power generator in the Nordics.<ref name=for1>{{Cite web |title=Fortum Sustainability 2023 |url=https://www.fortum.fi/files/fortum-sustainability-2023-engl/download?attachment= |access-date=2024-05-02}}</ref>

==History==
===Imatran Voima (1932–1997)===
The predecessor of Fortum was Imatran Voima (IVO), which was founded in 1932 to operate the [[Imatrankoski]] hydroelectric power plant in [[Imatra]].<ref name=Vuorinen>{{Cite book|last=Vuorinen|first=Asko|title=Imatran Voimasta Fortumiksi 1932-2013|year=2015|isbn=9789526705774}}</ref>

The construction of the Imatra power plant began already in 1922 as well as the power lines from Imatra to Helsinki and the power plant was opened in May 1929.<ref name=Vuorinen/> [[Finnish Government]] made a decision to establish Imatran Voima Osakeyhtiö (IVO) in May 1932.<ref name=Vuorinen/>

Imatran Voima acquired and built a number of other power plants, such as the largest hydroelectric power plants along the Oulujoki river, [[Ingå]] and Naantali coal-fired powerplants and the [[Loviisa nuclear power plant]].{{citation needed|date=July 2021}}

In 1997, a merger agreement was made between Neste and IVO.<ref name=Vuorinen/>

===1998–2010===
Fortum Corporation was founded in 1998. It was created from the merging of Imatran Voima and [[Neste Oy]], the Finnish national oil company.<ref>{{Cite web|date=1998-06-17|title=IVO-Neste Yhtymästä Fortum|url=https://www.mtvuutiset.fi/artikkeli/ivo-neste-yhtymasta-fortum/5431626|access-date=2021-07-29|website=mtvuutiset.fi|language=fi}}</ref>

In 2003, Fortum bought parts of [[Fredrikstad Energi]] and [[Fredrikstad Energi Nett]] in a swap deal with [[E.ON]].<ref>{{cite web |title=Fortum i mål i Fredrikstad Energi |url=https://www.nettavisen.no/nyheter/fortum-i-mal-i-fredrikstad-energi/1879388.html |language=no|date=2003}}</ref>

In 2005 most of Neste's assets were divested into a separate stock-listed company [[Neste Oil]].<ref>{{Cite web|date=2005-03-11|title=Fortumin omistajat saavat kevään jakautumisessa Neste Oilin osakkeita|url=https://www.ts.fi/uutiset/1074030714|access-date=2021-07-29|website=[[Turun Sanomat]]|language=fi}}</ref>

In 2007, Fortum acquired 25.66% stake in [[TGK-1]], operating in northwest Russia.<ref name=reuters160207>{{cite news | url = http://uk.reuters.com/article/tgk-1-fortum-idUKL1691603820070216 | archive-url = https://web.archive.org/web/20160305142120/http://uk.reuters.com/article/tgk-1-fortum-idUKL1691603820070216 | url-status = dead | archive-date = March 5, 2016 | title = Russia seen blocking Fortum from TGK-1 control | work = [[Reuters]] | date=2007-02-16 | access-date=2014-08-29}}
</ref> In 2008, Fortum privatized the natural gas, power and heat generation company TGK-10 (now: {{ill|OAO Fortum|fi}}), operating in central and northern Russia.<ref name=bloomberg280208>{{cite news |url = https://www.bloomberg.com/news/articles/2008-02-28/fortum-buys-russian-generator-tgk-10-for-1-2-billion |title = Fortum Buys Russia Utility TGK-10, May Pay $3 Billion |first = Yuriy |last = Humber | work = [[Bloomberg L.P.|Bloomberg]] | date = 2008-02-28 |access-date = 2014-08-29 |url-status = live |archive-url = https://web.archive.org/web/20140903084216/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afFO2T_7ItzU |archive-date = 2014-09-03}}</ref>

===2011–2021===
In 2011, Fortum sold its 25% stake in the Finnish transmission system operator [[Fingrid]].<ref name=reuters260111>{{cite news | url = http://uk.reuters.com/article/fortum-upm-idUKLDE70P1DS20110126 | archive-url = https://web.archive.org/web/20160306222606/http://uk.reuters.com/article/fortum-upm-idUKLDE70P1DS20110126 | url-status = dead | archive-date = March 6, 2016 | title = Utilities Fortum, PVO to sell stakes in Fingrid | first = Jussi | last = Rosendahl | work = [[Reuters]] | date=2011-01-26 | access-date=2014-08-29}}</ref> In December 2013 Fortum announced the sale of its distribution network in Finland to [[Caruna|Suomi Power Networks]], owned by [[First Sentier Investors|First State Investments]] (40%), [[Borealis Infrastructure]] (40%), [[Keva Pension Agency|Keva]] (12,5%) and [[LähiTapiola]] (7,5%).<ref>[http://yle.fi/uutiset/fortum_myy_sahkoverkot_255_miljardilla/6980971 Fortum myy sähköverkot 2,55 miljardilla]. 12.12.2013 yle, viitattu 21.12.2013 {{in lang|fi}}</ref>

In 2012, Fortum shared the number one position in the [[Carbon Disclosure Project|Carbon Disclosure Project's]] Nordic climate index.<ref name="CDP2013results">{{cite web | url = https://www.cdp.net/CDPResults/CDP-Nordic-260-Climate-Change-Report-2012.pdf | title = CDP Nordic 260 Climate Change Report 2012 | publisher = Carbon Disclosure Project | access-date = 2014-03-18}}</ref>

In 2013, Fortum opened two new CHP utilities using waste as a fuel in [[Klaipėda]], Lithuania,<ref name="klaipedachp">{{cite web | title= Fortum openes combined heat and power plant in Klaipeda, Lithuania| url= http://www.climateactionprogramme.org/news/fortum_openes_combined_heat_and_power_plant_in_klaipeda_lithuania/| publisher= Climate Action| date= 2013-05-17 | access-date=2014-05-13}}</ref> and {{interlanguage link|Brista|sv|Bristaverket}}, Sweden<ref name="bristachp">{{cite web| title= Fortum opens new waste-to-energy CHP plant in Stockholm, Sweden| url= http://www.oilandgasobserver.com/news/fortum-opens-new-waste-to-energy-chp-plant-in-stockholm-sweden/029734| work = Oil & Gas Observer| date= 2013-12-06| access-date= 2014-05-13| archive-url= https://web.archive.org/web/20140514171544/http://www.oilandgasobserver.com/news/fortum-opens-new-waste-to-energy-chp-plant-in-stockholm-sweden/029734| archive-date= 2014-05-14| url-status= dead}}</ref> as well as new biomass-fuelled CHP plants in [[Jelgava]], Latvia,<ref name="jelgavachp">{{cite web | title= Fortum starts up biomass plant | url= http://www.baltictimes.com/news/articles/33439/#.U3IIfvtXPAM | newspaper = The Baltic Times| date= 2013-09-19 | access-date=2014-05-13}}</ref> and [[Järvenpää]], Finland.<ref name="järvenpäächp">{{cite web | title= Fortum's biofuel-fired CHP plant inaugurated in Järvenpää | url= https://www.fortum.fi/en/mediaroom/Pages/fortums-biofuel-fired-chp-plant-inaugurated-in-jarvenpaa.aspx | publisher= Fortum Corporation | date= 2013-06-14 | access-date= 2014-05-13 | archive-url= https://web.archive.org/web/20140514061828/https://www.fortum.fi/en/mediaroom/Pages/fortums-biofuel-fired-chp-plant-inaugurated-in-jarvenpaa.aspx | archive-date= 2014-05-14 | url-status= dead }}</ref> In June, Fortum acquired a 5&nbsp;MW solar power plant in the state of [[Rajasthan]] in [[India]].<ref name="solarplant">{{cite web | title= Fortum Buys India Solar Plant, Plans More Investment | url= https://www.bloomberg.com/news/2013-06-11/fortum-buys-india-solar-plant-plans-more-investment.html | work = [[Bloomberg News]] | date= 2013-06-11 | access-date=2014-04-17}}</ref> In September Fortum signed an agreement with [[Rosatom]] and [[Rolls-Royce Holdings|Rolls-Royce]] to develop [[nuclear power]].<ref>{{Cite web|title=Fortum inks nuclear, wind power deals with UK firms|url=https://yle.fi/uutiset/osasto/news/fortum_inks_nuclear_wind_power_deals_with_uk_firms/6817040|access-date=2021-07-29|website=Yle Uutiset|date=5 September 2013|language=en}}</ref>

In 2014 Fortum sold its Norwegian electricity distribution network and also its stakes in Fredrikstad Energi and Fredrikstad Energi Nett to the [[Hafslund Group]]. The heat business was sold to iCON Infrastructure Partners II, L.P. fund.<ref name=reuters090414>{{cite news |url = https://www.reuters.com/article/fortum-oyj-hafslund-idAFWEB00LE220140409 |title = Fortum sells Norwegian electricity distribution business to Hafslund | work = [[Reuters]] |date = 2014-04-09 |access-date = 2014-08-29}}</ref> Since 2015 the electrical distribution network in [[Sweden]] is owned by [[Ellevio]].{{citation needed|date=July 2021}}

In 2015 Fortum connected its first greenfield solar park, under the [[Jawaharlal Nehru National Solar Mission]] (JNNSM) Phase II initiative, in [[Madhya Pradesh]].<ref>{{cite news|url= http://timesofindia.indiatimes.com/business/india-business/Fortum-launches-its-first-greenfield-solar-project-in-India/articleshow/46004952.cms |title=Fortum launches its first greenfield solar project in India - Times of India|newspaper=The Times of India |date=24 January 2015 |publisher=timesofindia.indiatimes.com}}</ref><ref>{{cite news|url= http://timesofindia.indiatimes.com/business/india-business/Fortum-connects-10MW-solar-power-plant-in-Madhya-Pradesh-to-grid/articleshow/45731475.cms |title=Fortum connects 10MW solar power plant in Madhya Pradesh to grid - Times of India|newspaper=The Times of India |date=2 January 2015 |publisher=timesofindia.indiatimes.com}}</ref>

In 2015, Fortum completed the divestment of its electricity distribution network in Sweden, thus completing the divestment of electricity distribution business.{{citation needed|date=July 2021}} In 2016, Fortum acquired Grupa DUON S.A, an electricity and gas sales company in Poland, and Ekokem Corporation, a leading Nordic [[circular economy]] company specialised in material and waste recycling, final disposal solutions, soil remediation and environmental construction.{{citation needed|date=July 2021}}

In 2017, the 100&nbsp;MW plant in [[Pavagada solar park]] was connected to the grid. It was the first of a series of planned gigawatt-scale plants facilitated by [[reverse auction]]s in India.<ref>{{cite web|access-date=2018-04-20|title=Fortum connects 100-MW solar plant to grid in India|url=https://www3.fortum.com/media/2017/12/fortum-connects-100-mw-solar-plant-grid-india|website=www3.fortum.com|archive-date=2018-04-20|archive-url=https://web.archive.org/web/20180420212953/https://www3.fortum.com/media/2017/12/fortum-connects-100-mw-solar-plant-grid-india|url-status=dead}}</ref> In September, Fortum announced it would buy [[E.ON]]'s 47% stake in German power company [[Uniper]].<ref>{{cite news | url = https://www.bloomberg.com/news/articles/2017-09-20/fortum-is-said-to-near-bid-for-eon-s-fossil-fuel-spinoff-uniper | title = Fortum Plans $9.7 Billion Bid for EON Fossil-Fuel Arm Uniper | work = [[Bloomberg News]] | date=2017-09-20 | access-date=2017-10-22}}</ref> Fortum increased its stake to 75% in spring 2020.<ref name=TE20201211>{{Cite web|last=Lähteenmäki|first=Pekka|title=Fortum lataa miljardipanokset tuuleen ja aurinkoon ja hyökkää sitten vetybuumiin – "Olemme saman murroksen äärellä, jossa olimme kymmenen vuotta sitten uusiutuvissa"|url=https://www.talouselama.fi/uutiset/fortum-lataa-miljardipanokset-tuuleen-ja-aurinkoon-ja-hyokkaa-sitten-vetybuumiin-olemme-saman-murroksen-aarella-jossa-olimme-kymmenen-vuotta-sitten-uusiutuvissa/60417379-c3cc-4e43-862c-68d79a06edb0|access-date=2021-07-29|website=Talouselämä|date=11 December 2020 |language=fi}}</ref> Uniper mainly uses oil, natural gas and coal to supply electricity.<ref name=uni1>{{cite web |title=Sustainability at Uniper - Data Overview |url=https://cr.uniper.energy/en/data-overview/ |archive-url=https://web.archive.org/web/20180724154111/https://cr.uniper.energy/en/data-overview/ |archive-date=24 July 2018 |date=2018 |url-status=live}}</ref>

In 2020 Fortum and [[Kværner]] informed that they would cooperate on a [[Carbon capture and storage]] project for waste [[incineration]] at [[:no:Klemetsrud energigjenvinningsanlegg|Klemetsrud energigjenvinningsanlegg]].<ref>{{cite web |title=Kværner og Fortum vil samarbeide om CO2-fangst |url=https://www.fjernvarme.no/kvaerner-og-fortum-vil-samarbeide-om-co2-fangst |website=www.fjernvarme.no |date=2020}}</ref>

In 2020 Fortum was the biggest company in Finland by its revenue.<ref name=tes1>{{Cite web|last=Talouselämä|title=TE500|url=https://www.talouselama.fi/te500|access-date=2021-07-29|website=Talouselämä|language=fi}}</ref> The majority of its income came from [[Uniper]]<ref name=HS20210512>{{Cite web|date=2021-05-12|title=Osavuosikatsaukset {{!}} Uniper veti Fortumin tuloksen yli miljardiin euroon alkuvuonna|url=https://www.hs.fi/talous/art-2000007972358.html|access-date=2021-07-29|website=Helsingin Sanomat|language=fi}}</ref> that became Fortum's subsidiary in March 2020.<ref name=IP12032021>{{Cite web|last=|first=|title=Fortum paransi tulostaan loppuvuonna, taustalla tytäryhtiö Uniperin vahva suoritus|url=https://ilkkapohjalainen.fi/uutiset/talous/fortumin-tulos-yli-kaksinkertaistui-loppuvuonna-taustalla-tytaryhtio-uniperin-vahva-suoritus-1.12676788|access-date=2021-07-29|website=Ilkka-Pohjalainen|language=fi}}</ref>

In 2021 Fortum sold its business in Estonia, Latvia and Lithuania to [[Partners Group]].{{Citation needed|date=September 2023}}

=== Uniper divestment (2022)===

On 21 September 2022, Fortum announced that Uniper is to be fully divested to the German state.<ref>{{cite web|url=https://www.fortum.com/media/2022/09/fortum-fully-divest-uniper-german-state |title=Fortum to fully divest Uniper to the German State}}</ref> Under the agreement, Uniper plans to issue 4.7 billion new ordinary registered shares, which the [[Federal Republic of Germany]] plans to subscribe at a nominal value of EUR 1.70 per share. The German state-owned [[KfW bank]] will provide Uniper with additional liquidity support as required until this EUR 8 billion capital increase is completed. Uniper was thus nationalised by Germany on the 21 September 2022 for 8 billion euros.<ref name=for2>{{cite web | url=https://www.fortum.com/media/2022/09/fortum-fully-divest-uniper-german-state | title=Fortum to fully divest Uniper to the German State }}</ref>

At completion of the capital increase, the Germans plans to buy all of Fortum's approximately 293 million shares in Uniper for EUR 1.70 per share, i.e. for a total of EUR 0.5 billion. At that point, change of control clause in the financing agreement will be triggered and the buyer will provide the financing for the redemption of Fortum's EUR 4 billion shareholder loan granted to Uniper and the release of the EUR 4 billion parent company guarantee.{{cn|date=August 2024}}

The parties have also agreed that Fortum will have a right of first offer in case Uniper intends to divest all or parts of its Swedish hydro and nuclear assets until the end of 2026.{{cn|date=August 2024}}

===2023-present===
In April 2023, Fortum's Russian assets were transferred under external management by decree of the [[President of Russia]], as a response to the confiscation of Russian property in Europe. Fortum considered the decision illegal and wrote off assets from the balance sheet, recording a loss of 1.7 billion euros.<ref name=rbc1>{{Cite web|url=https://www.rbc.ru/business/26/04/2023/644934889a79478ebe088715 |title="Юнипро» и "Фортум" возглавили менеджеры «Роснефти" |language=ru |date=2023-04-06 |website=RBC}}</ref><ref name=rbc2>{{Cite web |url=https://www.rbc.ru/business/11/05/2023/645c872c9a79478bb778362f |title=Fortum спишет российские активы на €1,7 млрд |language=ru|date=2023-05-11 |website=RBC}}</ref>

In July 2023 Russia announced it was changing the name of the Russian business to ''Forward Energo''.<ref name=rtr1>{{cite web |title=Fortum's Russian business to be renamed Forward Energo after seizure -company |website=[[Reuters]] |url=https://www.reuters.com/article/fortum-russia/fortums-russian-business-to-be-renamed-forward-energo-after-seizure-company-idUKS8N388018 |date=24 July 2023}}</ref>

In February 2024 Fortum launched arbitration proceedings against Russia, seeking compensation for its assets seized by Russian authorities.<ref name=yle1>{{Cite web |title=Finnish energy giant Fortum files legal action against Russia |url=https://yle.fi/a/74-20076676 |website=Yle|date=27 February 2024 }}</ref>

==Operations==
===Hydropower===
[[File:Imatrankoski power plant.jpg|thumb|[[Imatrankoski]] hydroelectric power plant.]]
Hydropower is one of the most significant renewable electricity production form for Fortum.<ref name=TE20201211/> In 2021 Fortum owned or co-owned over 150 hydropower plants in [[Finland]] and [[Sweden]], including power plants on the [[Dalälven]], [[Indalsälven]] and [[Ljusnan]] rivers in central Sweden and on the [[Oulujoki]], [[Kemijoki]] and [[Vuoksi]] rivers in Finland.<ref>{{Cite web|title=Vesivoimalaitokset|url=https://www.fortum.fi/tietoa-meista/yhtiomme/energiantuotantomme/voimalaitoksemme/vesivoimalaitokset|access-date=2021-07-29|website=fortum.fi|language=fi}}</ref>

===Nuclear power===

In 2021 Fortum owned the [[nuclear power]] plant in [[Loviisa Nuclear Power Plant|Loviisa]], Finland. Its nuclear assets also cover Sweden with a 43% share ownership in the [[Oskarshamn Nuclear Power Plant]] and 22% of three [[Forsmark Nuclear Power Plant]]s. Furthermore, Fortum owns a 27% stake in the [[Teollisuuden Voima]], which operates three nuclear power plants at [[Olkiluoto Nuclear Power Plant|Olkiluoto]].<ref>{{Cite web|title=Ydinvoimalaitokset|url=https://www.fortum.fi/tietoa-meista/yhtiomme/energiantuotantomme/voimalaitoksemme/ydinvoimalaitokset|access-date=2021-07-29|website=fortum.fi|language=fi}}</ref>

=== Combined production of heat and electric power (cogeneration or CHP) ===

Fortum produces and sells heat in [[Nordic countries]] and [[Poland]], operating with 4 plants combining production of [[heat]] ([[district heating]]) and [[electric power]].

===Electricity and heat sales===
Fortum sells electricity, electricity products and services to over 2 million consumers predominantly in the Nordics and Poland. In 2014, Fortum closed its 1,000&nbsp;MW coal power plant at [[Ingå]] (Finland) and demolished it in 2020.<ref>{{cite web |last1=Andersen |first1=Ina |title=Her rives Nordens største kullkraftverk |url=https://www.tu.no/artikler/her-rives-nordens-storste-kullkraftverk/488727 | work =[[Teknisk Ukeblad]] |language=no |date=27 March 2020}}</ref> The company also owns and operates about {{convert|1200|km|abbr=on}} of district heat network in Finland, {{convert|2400|km|abbr=on}} in Sweden, {{convert|860|km|abbr=on}} in Poland and {{convert|480|km|abbr=on}} in Russia.{{citation needed|date=July 2021}}

===Solar power===
The company has stated that its ambition is to build a small photo-voltaic solar portfolio to gain experience in different solar technologies and in operating in the Indian power market.<ref name="Indiapressrelease">{{cite web | title= Fortum launches solar power production in India by acquiring a 5-MW photo-voltaic solar power plant | url= http://www.fortum.com/en/mediaroom/Pages/fortum-launches-solar-power-production-in-india-by-acquiring-a-5-mw-photo-voltaic-solar-power-plant.aspx| publisher= Fortum Oyj | date= 2013-06-11 | access-date=2014-04-17}}</ref> Fortum also sells solar power kits in the Nordic countries.{{citation needed|date=July 2021}}

== Environmental record ==
In 2014 Fortum had the biggest market share of [[ecolabel]]led electricity in Finland.<ref>{{cite web|url=http://www.ekoenergia.fi/uutiset/ekoenergian-osuus-sahkomarkkinoilla-uuteen-ennatykseen |title=EKOenergy &#124; The European ecolabel for electricity |publisher=Ekoenergia.fi |date=2014-02-03 |access-date=2014-03-07}}</ref> Nowadays, they no longer offer ecolabelled electricity in Finland.<ref>{{Cite web |date=8 May 2024 |title=List of all Authorised EKOenergy Sellers |url=https://www.ekoenergy.org/wp-content/uploads/List-of-all-Authorised-EKOenergy-Sellers.pdf |website=EKOenergy label}}</ref>

After acquiring a majority stake in Uniper in 2020,<ref name=IP12032021/> Fortum will become one of the EU's worst emitters of [[greenhouse gas emissions]], asserted a report backed by major European environmental groups in 2019.<ref>"[https://yle.fi/uutiset/osasto/news/fortumuniper_among_europes_worst_polluters_say_ngos/10728601 Fortum/Uniper among Europe's worst polluters, say NGOs]". YLE. 2019-04-08. Retrieved 2020-04-05.'</ref> [[Extinction Rebellion]] Finland accused Fortum for [[greenwashing]] for continuing and scaling up its fossil fuel business, for example opening (through Uniper) Dateln4 coal-fired power plant in Germany in 2020 and suing the Netherlands on the basis of the [[Energy Charter Treaty]] for banning coal.{{citation needed|date=July 2021}}

== Social responsibility ==
In 2023, Fortum became the first business head-quartered in Finland to secure [[Fair Tax Mark]] certification.<ref>{{Cite web |last=Drummond |first=Graham |date=2023-12-18 |title=Fortum first company in Finland to gain Fair Tax Mark for responsible tax conduct |url=https://fairtaxmark.net/fortum-first-company-in-finland-to-gain-fair-tax-mark-for-responsible-tax-conduct/ |access-date=2025-05-18 |website=Fair Tax Foundation |language=en-GB}}</ref>

In February 2014, Fortum equipped three schools with solar-powered infrastructure in [[Bhilwara]], [[India]], where they had a solar plant.<ref>{{cite web|url=http://news.webindia123.com/news/articles/India/20140209/2336719.html |title=Finland Ex President Halonen visits Fortum plant in Bhilwara|publisher=news.webindia123.com}}</ref>

==See also==
{{Portal|Finland|Energy}}
* [[Energy in Finland]]
{{clear}}

==References==
{{Reflist|2}}

==External links==
{{Commons category-inline}}
*{{Official website|https://www.fortum.com/}}

{{OMX Helsinki 25 companies}}
{{Nasdaq Helsinki}}
{{Energy in Sweden}}
{{Authority control}}

[[Category:Fortum| ]]
[[Category:Companies based in Espoo]]
[[Category:Companies listed on Nasdaq Helsinki]]
[[Category:Companies in the OMX Helsinki 25]]
[[Category:Electric power companies of Norway]]
[[Category:Electric power companies of Sweden]]
[[Category:Electricity retailers in Sweden]]
[[Category:Nuclear power companies of Finland]]
[[Category:Nuclear power companies of Sweden]]
[[Category:Energy companies established in 1998]]
[[Category:Finnish companies established in 1998]]
[[Category:Government-owned energy companies]]
[[Category:Government-owned companies of Finland]]