Edp

EDP, headquartered in Portugal and operating in the transmission services of electricity sector, has established ambitious climate commitments, including a Science Based Targets initiative (SBTi) validated net-zero target by 2040 from a 2020 base year.

Emissions Data: In 2025, EDP's total reported greenhouse gas emissions were approximately 10.1 billion kg CO2e. This included around 2.985 billion kg CO2e from Scope 1 emissions, approximately 323 million kg CO2e from market-based Scope 2 emissions, and about 6.8 billion kg CO2e from Scope 3 emissions.

In 2024, the company's total emissions were approximately 11.2 billion kg CO2e, comprising roughly 1.458 billion kg CO2e in Scope 1, around 234 million kg CO2e in market-based Scope 2, and about 9.5 billion kg CO2e in Scope 3.

In 2023, EDP reported total emissions of approximately 12.6 billion kg CO2e, with Scope 1 emissions at around 4.276 billion kg CO2e, market-based Scope 2 emissions at approximately 261.5 million kg CO2e, and Scope 3 emissions at about 8.063 billion kg CO2e.

Looking back, EDP's total emissions were about 19.5 billion kg CO2e in 2020, consisting of approximately 9.304 billion kg CO2e from Scope 1, around 574 million kg CO2e from market-based Scope 2, and about 9.6 billion kg CO2e from Scope 3.

Climate Commitments and Targets: EDP is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2040, using a 2020 baseline. This commitment is supported by specific near-term and long-term targets:

• Near-Term Targets (by 2030):
  • Reduce Scope 1 and 2 GHG emissions by 95% per MWh of generated electricity from a 2020 base year.
  • Reduce Scope 1 and 3 GHG emissions from all sold electricity by 80% per MWh from a 2020 base year.
  • Achieve a 45% absolute reduction in Scope 3 emissions from the use of sold products.
  • Reduce all other absolute Scope 3 GHG emissions by 45%.
• Long-Term Targets (by 2040):
  • Further reduce Scope 1 and 2 GHG emissions by 96% per MWh of generated electricity from a 2020 base year.
  • Reduce Scope 1 and 3 GHG emissions from all sold electricity by 95% per MWh from a 2020 base year.
  • Achieve a 90% absolute reduction in Scope 3 emissions from the use of sold products.
  • Reduce all other absolute Scope 3 GHG emissions by 90%.

These targets, classified as 1.5°C aligned, demonstrate EDP's dedication to significant decarbonisation efforts across its operations and value chain. Historically, EDP also aimed to reduce its CO2 emission factor by 56% by 2012 compared to 2005 levels, and by 70% by 2020 compared to 2008 levels.