Edp Renovaveis Sustainability Profile
EDP Renewables, commonly referred to as EDPR, is a leading global player in the renewable energy sector, headquartered in Spain (ES). Founded in 2007, the company has rapidly expanded its operations across Europe, North America, and South America, establishing a strong presence in key markets. Specialising in the development, construction, and management of wind and solar energy projects, EDPR is committed to sustainability and innovation. Its unique approach combines advanced technology with a focus on environmental stewardship, positioning the company as a pioneer in the transition to clean energy. With a robust portfolio of renewable assets and a commitment to achieving carbon neutrality, EDPR has garnered recognition for its significant contributions to the industry, making it a prominent force in the global renewable energy landscape.
DitchCarbon Score
How does Edp Renovaveis'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 Electrical Machinery Manufacturing 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 Renovaveis's score of 66 is higher than 79% 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 Renovaveis's reported carbon emissions
In 2024, EDPR (EDP Renováveis, S.A.) reported total carbon emissions of approximately 3,208,900,000 kg CO2e. This figure includes Scope 1 emissions of about 4,150,000 kg CO2e, Scope 2 emissions of approximately 30,750,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 3,174,010,000 kg CO2e. The largest portion of Scope 3 emissions came from capital goods, accounting for about 3,019,380,000 kg CO2e. In 2023, the company’s total emissions were approximately 2,385,740,000 kg CO2e, with Scope 1 emissions at about 3,160,000 kg CO2e and Scope 2 emissions around 26,600,000 kg CO2e. The Scope 3 emissions for that year were approximately 2,355,990,000 kg CO2e, again primarily driven by capital goods. EDPR has committed to achieving net-zero emissions by 2050, with this target cascading from its parent company, EDP, S.A. The company has also set interim targets through the Science Based Targets initiative (SBTi), although specific reduction percentages have not been disclosed. Notably, previous near-term commitments have been removed, indicating a shift in their climate strategy. Overall, EDPR's emissions data reflects a substantial carbon footprint, particularly in Scope 3 categories, highlighting the challenges faced by the company in its transition towards sustainability.
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| 2015 | 2016 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 24,900,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,800,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Edp Renovaveis's Scope 3 Categories Breakdown
Edp Renovaveis's Scope 3 emissions, which increased by 35% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 95% of Scope 3 emissions.
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Edp Renovaveis's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Edp Renovaveis has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Edp Renovaveis's sustainability data and climate commitments