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 73 is higher than 84% 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 Scope 1 emissions at about 699,500,000 kg CO2e, Scope 2 emissions at approximately 215,000,000 kg CO2e, and Scope 3 emissions reaching around 2,434,100,000 kg CO2e. The company has set ambitious targets to significantly reduce its carbon footprint. By 2030, EDP aims to reduce its Scope 1 emissions by 65% from a 2021 baseline and Scope 2 emissions by 50% from the same baseline. Additionally, EDP has committed to achieving net-zero greenhouse gas emissions across its value chain by 2040, with interim targets including a 95% reduction in Scope 1 and 2 emissions per MWh generated by 2030, and a 45% reduction in absolute Scope 3 emissions from the use of sold products by the same year. EDP's long-term goals include a 96% reduction in Scope 1 and 2 emissions per MWh generated by 2040, alongside a 90% reduction in absolute Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect EDP's commitment to sustainable practices in the energy sector. The company is headquartered in Portugal and operates globally, focusing on reducing its environmental impact while transitioning to cleaner energy sources.
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| 2005 | 2006 | 2007 | 2008 | 2009 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 00,000,000,000 | - | 0,000,000,000 | 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 | 000,000 |
| Scope 2 | - | - | - | - | 0,000,000,000 | - | 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 | 000,000,000 | - |
| Scope 3 | 4,346,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 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.
