Fortum and Uniper Uniper is Fortum’s strategic subsidiary and one of its five business segments. Together we are Europe’s third largest generator of carbon-free electricity and a natural gas company with a significant role as an enabler of the energy transition. Europe’s energy transition offers Fortum and Uniper good opportunities to grow in emissions-free production and to advance the phase out of coal. Together we are a strong entity and create the leading energy company in Europe. Uniper’s natural gas, hydro, and nuclear power are needed to realise Europe’s energy transition. We both want to significantly reduce emissions from energy production without jeopardising the security of supply of electricity and heat and without raising energy prices unreasonably. We published a shared strategy in December 2020. Our updated strategy provides a roadmap and targets for the whole Fortum Group, which Uniper is part of as one of our segments. We are building our business on the strengths of both companies. Joint environmental targets In alignment with the EU’s ambition and the goals of the Paris Agreement, we target carbon neutrality by 2050 at the latest and in our European fleet already by 2035. Greenhouse gas emissions need to be reduced in all sectors – not just in energy, but also in heating, cooling, industry, and transportation. With Uniper, we are now a major European clean power and gas company well-positioned to drive the clean energy transition. In addition, we have competences and solutions to help our industrial and infrastructure customers to decarbonise their operations and improve their environmental footprint. As the use of coal decreases in Europe, our natural gas-fired power plants take care of the security of supply of electricity and the flexibility of the electricity system, in turn enabling the rapid growth of solar and wind power. We supply natural gas also for heating and industrial needs so that homes have hot water and factory processes run reliably every day of the year. Fortum’s investment in Uniper increased the Group’s carbon dioxide-free electricity generation by 60% and made us Europe’s third largest generator of emissions-free electricity. Gas plays a vital role Through Uniper, Fortum is now also a major player in gas with its benchmark gas-fired power generation and gas midstream business, which provides gas for heating and various industrial needs. As Europe transitions away from coal, our gas assets provide the power system with much-needed flexibility, enabling fast growth in solar and wind power. Our target is to make natural gas significantly cleaner or completely emissions-free. At the moment, gas is used about 70% more than electricity in Europe. In order for society to be carbon neutral, most of this gas must be replaced with hydrogen or other clean gas. In fact, the hydrogen economy has a big role in our shared strategy. Climate and environmental targets Carbon neutral, in line with the goals of the Paris Agreement, by 2050 at the latest Carbon neutral in European generation by 2035 at the latest Reduction of CO2 emissions in European generation by at least 50% by 2030 (base year 2019) Number of major voluntary measures enhancing biodiversity ≥12 in 2021 Frequently asked questions Why did Fortum acquire Uniper? Doesn’t Fortum take climate change and people’s climate concerns seriously? Why didn't Fortum block the commissioning of the Datteln 4 plant? How do you comment on the newly passed German coal phaseout law? Will Fortum’s Uniper investment tarnish Finland’s climate reputation? Why is Fortum allowing its subsidiary to sue the Dutch Government? What impact will the Uniper investment have on Fortum’s total emissions? If EU emissions trading were functioning, would Datteln 4 be commissioned? Why aren’t renewable energy solutions being taken into use on a wider scale? What will replace coal use in energy production? News The Uniper investment in focus Topical news about Uniper investment Did you find what you were looking for? 3 responses Yes Partly Not at all Back to top You are here: Fortum Our company Fortum and Uniper Fortum and Uniper About us This is Fortum Strategy Open positions Our energy production Fortum worldwide Covid-19 information Services Fortum Battery Solutions Turbines and generators Power plant O&M and performance Find charging stations Fortum Circo® Recycled Plastics Licensing and safety design Investors In focus Reports and presentations Share information Calendar and events Corporate governance Contact us Our offices Media contacts Investor Relations Supplier inquiries Sales contacts Give feedback Raise a concern Follow us on social media Legal information Data privacy and cookies Legal Notice © Fortum 2021. 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