Strategy and carbon roadmap In December 2020, Fortum updated the strategy for the whole Fortum Group: to drive the clean energy transition and deliver sustainable financial performance. Aligned with the goals of the Paris Agreement, Fortum targets carbon neutrality by 2050 with ambitious mid-term targets. Transformation of our own operations to carbon neutral Fortum aims to drive the clean energy transition and focuses on reducing CO2 emissions from its own operations. We have committed to the carbon neutral (Scope 1, 2, and 3 greenhouse gas, GHG, emissions) target globally, aligned with the goals of the Paris Agreement, by 2050 at the latest. The chart presents Fortum’s coal-fired power generation capacity and our commitment to carbon neutrality in European generation by 2035 at the latest. Decarbonising society The energy transition and the transition to carbon neutrality rely on clean power and gas (e.g. hydrogen). Fortum’s strategy is designed so that Fortum will be successful in a decarbonised society. Fossil-fuelled generation will be replaced with CO2-free power generation. Fortum aims to build 1.5–2 GW of new renewable electricity capacity by 2025, primarily in Europe. The new energy system requires new flexible energy sources to balance fluctuations, including, e.g., batteries and other storage facilities, as stable fossil-fuelled power generation is replaced with intermittent renewable energy sources, such as wind and solar power. The infographic below describes the increasingly diverse and gradually changing energy system. Sustainability report Sustainability 2020 Read our Sustainability 2020 report Vision and strategy With our strategy we drive the change for a cleaner world Read more about our strategy Circular economy Case: Hydrogen – an innovative solution for decarbonising hard-to-electrify sectors Read more on decarbonising technologies Did you find what you were looking for? 3 responses Yes Partly Not at all Back to top You are here: Fortum Sustainability Sustainability approach Strategy and carbon roadmap Strategy and carbon roadmap 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. All rights reserved