Edp

EDP Carbon Emissions and Climate Commitments

In 2025, EDP, a Portuguese electricity transmission services provider, reported total greenhouse gas emissions of approximately 10.1 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions accounted for approximately 2.99 billion kg CO2e, while Scope 2 emissions were around 318 million kg CO2e (location-based). Scope 3 emissions were substantial, totalling approximately 6.8 billion kg CO2e, with significant contributions from fuel and energy-related activities (about 3.88 billion kg CO2e), capital goods (about 994 million kg CO2e), and use of sold products (about 632 million kg CO2e).

In 2024, EDP's total emissions were approximately 11.2 billion kg CO2e. Scope 1 emissions were around 1.46 billion kg CO2e, and Scope 2 emissions were approximately 233 million kg CO2e (location-based). Scope 3 emissions represented the largest portion, at approximately 9.5 billion kg CO2e, with notable categories including fuel and energy-related activities (around 3.37 billion kg CO2e) and capital goods (approximately 3.22 billion kg CO2e).

Climate Commitments and Targets:

EDP has set ambitious climate targets, including a commitment to reach net-zero greenhouse gas emissions across its value chain by 2040, with a baseline year of 2020.

Key near-term targets include:

• A 95% reduction in Scope 1 and 2 emissions intensity per MWh of electricity generated by 2030 (compared to 2020 levels).
• A 45% reduction in absolute Scope 3 emissions from the use of sold products by 2030 (compared to 2020 levels).
• A 45% reduction in all other absolute Scope 3 GHG emissions by 2030 (compared to 2020 levels).

Long-term targets extend to 2040, with a commitment to reduce Scope 1 and 2 GHG emissions by 96% per MWh generated electricity and Scope 1 and 3 GHG emissions from all sold electricity by 95% per MWh. EDP also aims for a 90% reduction in absolute Scope 3 emissions from the use of sold products and all other absolute Scope 3 GHG emissions by 2040.

Previously, EDP had set targets to reduce its CO2 emission factor (EF) by 56% by 2012 (compared to 2005 levels), aiming for a reduction from 600 tCO2/MWh to 270 tCO2/MWh. By 2009, this target was revised to a 70% reduction in EF by 2020 (compared to 2008 levels), with an EF of 120 tCO2/MWh. Another stated aim was for over 75% of EDP Group's installed capacity to be from renewables by 2020, and to reduce CO2 specific emissions by 75% by 2030 from 2005 levels.