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 81 is higher than 99% 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 2023, EDP (Energias de Portugal) reported total carbon emissions of approximately 5,015,000,000 kg CO2e, with emissions distributed across various scopes: 699,500,000 kg CO2e from Scope 1, 215,000,000 kg CO2e from Scope 2, and 2,434,100,000 kg CO2e from Scope 3. This reflects a commitment to reducing their carbon footprint significantly. EDP has set ambitious targets to achieve substantial reductions in emissions. By 2030, the company aims to reduce Scope 1 emissions by 65% from a 2021 baseline and Scope 2 emissions by 50% from the same baseline. Furthermore, EDP is committed to reducing Scope 1 and 2 emissions per MWh generated by 95% by 2030, and Scope 3 emissions from the use of sold products by 45% by the same year. Long-term goals include achieving net-zero greenhouse gas emissions across all scopes by 2040, with specific targets to reduce Scope 1 and 2 emissions by 96% per MWh generated by 2040. Additionally, EDP aims to reduce Scope 3 emissions from the use of sold products by 90% by 2040. These commitments align with industry standards for climate action, demonstrating EDP's proactive approach to addressing climate change and its impact on the environment.
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| 2009 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,068,300,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 000,000 | 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 | 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 | 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 |
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.
