Edp

EDP, headquartered in Portugal, operates in the transmission services of electricity industry. The company has committed to several climate initiatives, including achieving net-zero greenhouse gas emissions across its entire value chain by 2040, using a 2020 baseline. This commitment is validated by the Science Based Targets initiative (SBTi).

For the year 2025, EDP projects its total carbon emissions to be approximately 10.1 billion kg CO2e. This includes about 2.985 billion kg CO2e from Scope 1 emissions, approximately 323 million kg CO2e from Scope 2 (market-based) emissions, and around 6.8 billion kg CO2e from Scope 3 emissions.

Looking back at previous years, EDP's total emissions in 2024 were approximately 11.2 billion kg CO2e. In 2023, total emissions were about 12.6 billion kg CO2e, comprising around 4.276 billion kg CO2e in Scope 1, 288 million kg CO2e in Scope 2, and 8.063 billion kg CO2e in Scope 3. In 2022, the company's Scope 1 emissions were approximately 9.405 billion kg CO2e, Scope 2 emissions were around 443 million kg CO2e (market-based), and Scope 3 emissions were about 9.279 billion kg CO2e.

EDP has set ambitious near-term targets to reduce Scope 1 and 2 GHG emissions by 95% per MWh of generated electricity by 2030, from a 2020 base year. Additionally, the company aims to reduce Scope 1 and 3 GHG emissions from all sold electricity by 80% per MWh by 2030. Absolute Scope 3 emissions from the use of sold products are targeted for a 45% reduction by 2030, with all other absolute Scope 3 GHG emissions also slated for a 45% reduction by the same year.

For the long term, EDP intends to reduce Scope 1 and 2 GHG emissions by 96% per MWh generated electricity by 2040, and Scope 1 and 3 GHG emissions from all sold electricity by 95% per MWh by 2040. Absolute Scope 3 emissions from the use of sold products and all other absolute Scope 3 GHG emissions are targeted for a 90% reduction by 2040.