Pohjolan Voima, one of Finland’s largest energy companies, has set new emissions targets aiming to reduce emissions intensity by 30 per cent in two emissions categories by 2030 from the 2024 baseline. The company generates energy through hydropower, thermal power and nuclear power. Pohjolan Voima has systematically reduced its carbon dioxide emissions, and in 2025, 99.7 per cent of its electricity generation and 91.4 per cent of its heat generation was carbon neutral.
Emissions will be further reduced by developing power plant technologies and by decreasing the use of peat in combined heat and power plants and replacing it with sustainable wood-based fuels.
“We produce a significant share — around one fifth — of Finland’s electricity, and we know that our actions matter. We have therefore been consistently reducing our carbon dioxide emis-sions for a long time. I am extremely pleased that we achieved, and even exceeded, the emissions targets we had set for 2025. We also have the technical capabilities to achieve our new reduction targets,” says Riitta Larnimaa, Pohjolan Voima’s Executive Vice President, Public Affairs and Sustainability.
The new emissions reduction target has two parts:
- Scope 1–2 emissions intensity will decrease by 30 per cent from 2024 to 2030.
- Scope 3 emissions intensity will decrease by 30 per cent from 2024 to 2030.
The emissions calculations have been carried out in accordance with the GHG Protocol, and the emissions for the 2024 baseline year have been verified. The first target concerns emissions from Pohjolan Voima’s parent company and subsidiaries. The second target concerns those Scope 3 emissions arising from the energy production of Pohjolan Voima’s associated companies and joint ventures. This definition is intended to direct measures particularly to-wards those emission sources where the greatest potential for improvement remains.
“Our climate work is already well advanced, and it was important to establish an updated framework for the coming years so that we can continue our effective work to reduce emissions. Security of supply in electricity and heat is also a top priority for us, and we must safeguard it while continuing to improve our sustainability,” says Katja Permanto, Sustainability Manager at Pohjolan Voima.
In Pohjolan Voima’s production, hydropower and nuclear power, as well as energy produced using wood-based fuels that meet sustainability criteria and the bio-based share of recycled fuels, are counted as carbon dioxide neutral. Carbon dioxide emissions have fallen significantly, for example as a result of reduced use of coal and peat.
Pohjolan Voima has eight hydropower plants of its own on the rivers Iijoki, Kemijoki and Kokemäenjoki, five combined heat and power plants, and a nuclear power plant operated by its joint venture Teollisuuden Voima.
For further information:
Riitta Larnimaa, Executive Vice President, Public Affairs and Sustainability, Pohjolan Voima Oyj,
tel. +358 504 382 466, riitta.larnimaa@pvo.fi
Katja Permanto, Sustainability Manager, Pohjolan Voima Oyj, tel. +358 503 894 432,
katja.permanto@pvo.fi