Edp

EDP, headquartered in Portugal and operating in the transmission services of electricity industry, reported its total carbon emissions for 2025 as approximately 10.1 billion kg CO2e. This includes Scope 1 emissions of 2.985 billion kg CO2e, Scope 2 market-based emissions of 323 million kg CO2e (or 318 million kg CO2e location-based), and Scope 3 emissions of 6.8 billion kg CO2e. The largest contributors to Scope 3 emissions in 2025 were fuel and energy-related activities (3.883 billion kg CO2e) and capital goods (994 million kg CO2e).

Looking back, EDP's total emissions for 2024 were about 11.2 billion kg CO2e, comprising Scope 1 emissions of 1.458 billion kg CO2e, Scope 2 market-based emissions of 234 million kg CO2e (or 233 million kg CO2e location-based), and Scope 3 emissions of 9.5 billion kg CO2e. In 2023, total emissions stood at approximately 12.6 billion kg CO2e, with Scope 1 emissions at 4.276 billion kg CO2e, Scope 2 emissions at 288 million kg CO2e (market-based: 261.52 million kg CO2e, location-based: 287.65 million kg CO2e), and Scope 3 emissions at 8.063 billion kg CO2e.

EDP has set ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets cascaded from EDP, S.A. It aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2040, using a 2020 base year. Near-term targets include reducing Scope 1 and 2 GHG emissions by 95% per MWh of generated electricity by 2030, and reducing Scope 1 and 3 GHG emissions from all sold electricity by 80% per MWh by 2030. Additionally, EDP commits to an absolute reduction of 45% in Scope 3 emissions from the use of sold products and other Scope 3 emissions by 2030. For long-term goals, EDP targets 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 by 2040. Absolute Scope 3 emissions from use of sold products and other Scope 3 emissions are targeted for a 90% reduction by 2040. These targets are consistent with keeping global warming to 1.5°C.