Edp
EDP, or Energias de Portugal, is a leading player in the global energy sector, headquartered in Lisbon, Portugal. Founded in 1976, the company has established a strong presence in Europe, North America, and Brazil, focusing on renewable energy, electricity distribution, and natural gas. EDP is renowned for its commitment to sustainability, with a significant portion of its energy generation coming from wind and solar sources. The company has achieved notable milestones, including a substantial reduction in carbon emissions and a strategic shift towards green energy solutions. EDP's core services encompass electricity generation, distribution, and retail, distinguished by innovative technologies and a customer-centric approach. As a prominent advocate for clean energy, EDP continues to enhance its market position, earning recognition for its efforts in promoting a sustainable energy future.
DitchCarbon Score
How does Edp'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
Edp's score of 74 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Edp's reported carbon emissions
In 2024, EDP (Energias de Portugal) reported significant carbon emissions, totalling approximately 14,583,230,000 kg CO2e for Scope 1, 233,481,000 kg CO2e for Scope 2, and 9,541,000,000 kg CO2e for Scope 3. This reflects a commitment to transparency in emissions reporting, with data disclosed across all three scopes. EDP has set ambitious climate targets, aiming for a 95% reduction in Scope 1 and 2 emissions intensity by 2030, compared to a 2020 baseline. Additionally, the company plans to achieve net-zero greenhouse gas emissions across its value chain by 2040. This includes a commitment to reduce Scope 1 and 3 emissions from sold electricity by 80% per MWh by 2030, and to cut absolute Scope 3 emissions from the use of sold products by 45% by the same year. The long-term goals are equally ambitious, with EDP targeting a 96% reduction in Scope 1 and 2 emissions per MWh generated by 2040, and a 90% reduction in absolute Scope 3 emissions from the use of sold products by 2040. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to keep global warming below 1.5°C. EDP's commitment to sustainability is further underscored by its ongoing efforts to enhance its operational efficiency and reduce its carbon footprint, demonstrating a proactive approach to addressing climate change.
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| 2009 | 2012 | 2013 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,068,300,000 | - | - | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 8,932,200,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 22,131,700,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Edp is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
