Edp

Edp's reported carbon emissions

EDP (Energias de Portugal) has set ambitious climate targets, including a commitment to reach net-zero greenhouse gas emissions across its value chain by 2040. This long-term goal is supported by interim targets, with a baseline year of 2020. For the reporting year 2025, EDP reported total greenhouse gas emissions of approximately 10.1 billion kg CO2e. This comprised: * **Scope 1:** Approximately 2.985 billion kg CO2e * **Scope 2:** Approximately 318 million kg CO2e (location-based) * **Scope 3:** Approximately 6.8 billion kg CO2e, with significant contributions from fuel and energy-related activities (approximately 3.883 billion kg CO2e) and capital goods (approximately 994 million kg CO2e). In 2024, EDP's total emissions were approximately 11.2 billion kg CO2e. This included: * **Scope 1:** Approximately 1.458 billion kg CO2e * **Scope 2:** Approximately 233 million kg CO2e (location-based) * **Scope 3:** Approximately 9.5 billion kg CO2e, with substantial emissions from fuel and energy-related activities (approximately 3.367 billion kg CO2e) and capital goods (approximately 3.218 billion kg CO2e). For the reporting year 2023, EDP's total emissions were approximately 12.6 billion kg CO2e. This breakdown included: * **Scope 1:** Approximately 4.276 billion kg CO2e * **Scope 2:** Approximately 288 million kg CO2e * **Scope 3:** Approximately 8.063 billion kg CO2e, with notable emissions from fuel and energy-related activities (approximately 3.761 billion kg CO2e) and upstream transportation and distribution (approximately 3.058 billion kg CO2e). EDP has set Science Based Targets (SBTi) aligned with a 1.5°C warming scenario. Key targets include: * A 95% reduction in Scope 1 and 2 GHG emissions per MWh of electricity generated by 2030, from a 2020 baseline. * An 80% reduction in Scope 1 and 3 GHG emissions from all sold electricity per MWh by 2030, from a 2020 baseline. * A 45% reduction in absolute Scope 3 emissions from the use of sold products by 2030, from a 2020 baseline. * A 45% reduction in all other absolute Scope 3 GHG emissions by 2030, from a 2020 baseline. Longer-term SBTi targets include a 96% reduction in Scope 1 and 2 GHG emissions per MWh generated electricity by 2040, and a 95% reduction in Scope 1 and 3 GHG emissions from all sold electricity per MWh by 2040, both from a 2020 baseline. Additionally, they aim for a 90% reduction in absolute Scope 3 emissions from the use of sold products and other absolute Scope 3 GHG emissions by 2040, from a 2020 baseline. EDP has also committed to reaching net-zero greenhouse gas emissions across its value chain by 2040.