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 53 is higher than 98% 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 1,050,000,000 kg CO2e, comprising 104,025,000 kg CO2e from Scope 1, 208,392,000 kg CO2e from Scope 2, and 1,678,035,000 kg CO2e from Scope 3 emissions. This reflects a commitment to significant reductions in carbon emissions, with a target to achieve net-zero emissions across its value chain by 2039, using 2020 as the baseline year. Iberdrola has set ambitious near-term targets to reduce absolute Scope 1, 2, and 3 emissions by 65% by 2030. Specific goals include an 83% reduction in Scope 1 and 2 emissions per kilowatt-hour (kWh) from power generation and an 85% reduction in Scope 1 and 3 emissions from fuel and energy-related activities per kWh. Additionally, the company aims to cut Scope 3 emissions from the use of sold products by 42% and all remaining Scope 3 emissions by 46% within the same timeframe. Long-term, Iberdrola aims for a 90% reduction in all scopes by 2039, with specific reductions of 84% per kWh for Scope 1 and 2 emissions from power generation and 95% per kWh for Scope 1 and 3 emissions from fuel and energy-related activities. The company is committed to aligning its targets with the Science Based Targets initiative (SBTi) to ensure they meet the criteria necessary to limit global warming to 1.5°C.
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| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 31,587,793,000,000 | 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 | 964,920,000 | 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 | 27,350,000,000 | 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.
