Iberdrola
Iberdrola, officially known as Iberdrola, S.A., is a leading multinational utility company headquartered in Bilbao, Spain (ES). Founded in 1992, Iberdrola has established itself as a key player in the global energy sector, particularly in renewable energy, electricity generation, and distribution. The company operates extensively across Europe, North America, and Latin America, focusing on sustainable energy solutions. Iberdrola is renowned for its commitment to clean energy, offering a diverse range of services including wind, solar, and hydroelectric power generation. Its innovative approach to energy transition has positioned it as a market leader, with significant achievements in reducing carbon emissions and enhancing energy efficiency. With a strong emphasis on sustainability, Iberdrola continues to drive advancements in the energy industry, making it a pivotal force in the global shift towards renewable resources.
DitchCarbon Score
How does Iberdrola'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 Distribution 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
Iberdrola's score of 70 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iberdrola's reported carbon emissions
In 2023, Iberdrola reported total greenhouse gas emissions of approximately 51,638,567,000 kg CO2e globally, with emissions distributed across various scopes: 10,587,589,000 kg CO2e (Scope 1), 1,746,827,000 kg CO2e (Scope 2), and 39,304,151,000 kg CO2e (Scope 3). Notably, in Spain, the company emitted about 3,663,120,000 kg CO2e (Scope 1), 10,302,000 kg CO2e (Scope 2), and 2,330,075,000 kg CO2e (Scope 3). Iberdrola has set ambitious climate commitments, aiming for carbon neutrality in Scopes 1 and 2 by 2030, with a target to reduce absolute emissions by 90% compared to 2020 levels by 2030. The company also aims to achieve net-zero emissions across its entire value chain by 2039. Specific near-term targets include a 65% reduction in absolute Scope 1, 2, and 3 emissions by 2030 from a 2020 baseline, with a focus on reducing Scope 1 and 2 emissions from power generation by 83% per kWh. Additionally, Iberdrola has committed to reducing its emissions intensity to 50 gCO2/kWh globally by 2030, representing a significant reduction of approximately 73% from previous levels. The company has already achieved a 14% reduction in Scope 1 emissions over the past two years and a 38% reduction in Scope 2 emissions during the same period. These commitments align with industry standards and reflect Iberdrola's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,055,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 640,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 9,029,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Iberdrola 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.
