HidroCantábrico Distribución Eléctrica, S.A.U. Sustainability Profile
HidroCantábrico Distribución Eléctrica, S.A.U., commonly referred to as HidroCantábrico, is a prominent player in the Spanish energy sector, headquartered in Spain. Established in the early 20th century, the company has evolved significantly, focusing on electricity distribution across key operational regions, particularly in the northern part of the country. Specialising in the distribution of electrical energy, HidroCantábrico is known for its commitment to sustainability and innovation. The company offers a range of services, including energy management and customer support, which set it apart in a competitive market. With a strong emphasis on renewable energy sources, HidroCantábrico has positioned itself as a leader in promoting eco-friendly practices within the industry. Its notable achievements reflect a dedication to enhancing energy efficiency and customer satisfaction, solidifying its reputation as a trusted energy provider in Spain.
DitchCarbon Score
How does HidroCantábrico Distribución Eléctrica, S.A.U.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
HidroCantábrico Distribución Eléctrica, S.A.U.'s score of 58 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HidroCantábrico Distribución Eléctrica, S.A.U. currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. However, the company is part of a corporate family that includes EDP, S.A., from which it inherits climate commitments and reduction initiatives. As a current subsidiary of EDP, S.A., HidroCantábrico aligns with the sustainability goals set by its parent company. EDP, S.A. has established science-based targets (SBTi) and participates in various climate initiatives, including the Carbon Disclosure Project (CDP) and the Race to Zero (RTZ) campaign. These commitments are cascaded down to HidroCantábrico, reflecting a broader corporate responsibility towards reducing carbon emissions and addressing climate change. While specific reduction targets for HidroCantábrico are not detailed, the company's affiliation with EDP suggests a commitment to industry-standard climate practices and a focus on sustainability. As the energy sector increasingly prioritises carbon neutrality, HidroCantábrico is positioned to contribute to these efforts through its parent company's initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is HidroCantábrico Distribución Eléctrica, S.A.U.'s Industry?
How Carbon Intensive is HidroCantábrico Distribución Eléctrica, S.A.U.'s Location?
HidroCantábrico Distribución Eléctrica, S.A.U.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
HidroCantábrico Distribución Eléctrica, S.A.U. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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