Iberdrola

Iberdrola, headquartered in Spain and operating in the distribution and trade services of electricity, is actively committed to reducing its carbon emissions.

In 2025, Iberdrola's total reported emissions were approximately 41.28 billion kg CO2e. This included about 8.48 billion kg CO2e from Scope 1 emissions, approximately 2.79 billion kg CO2e from Scope 2 market-based emissions, and around 29.98 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were use of sold products (about 11.55 billion kg CO2e) and fuel and energy-related activities (about 10.07 billion kg CO2e).

Looking back, Iberdrola's emissions in 2024 were approximately 42.81 billion kg CO2e total. In 2023, the company reported Scope 1 emissions of approximately 10.59 billion kg CO2e and Scope 2 emissions (location-based) of about 2.59 billion kg CO2e, with total Scope 3 emissions at approximately 39.30 billion kg CO2e.

Iberdrola has set ambitious climate commitments, with its Science Based Targets initiative (SBTi) validated targets aiming for net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year.

Near-Term Targets (by 2030 from a 2020 base year):

• Overall: Reduce absolute Scope 1, 2, and 3 GHG emissions by 65%.
• Power Generation: Reduce Scope 1 and 2 GHG emissions by 83% per kWh.
• Fuel and Energy-Related Activities: Reduce Scope 1 and 3 GHG emissions covering all sold electricity by 85% per kWh.
• Use of Sold Products: Reduce absolute Scope 3 GHG emissions by 42%.
• Remaining Scope 3 Emissions: Reduce absolute Scope 3 GHG emissions by 46%.

Long-Term Targets (by 2039 from a 2020 base year):

• Overall: Reduce Scope 1, 2, and 3 emissions by 90%.
• Power Generation: Reduce Scope 1 and 2 GHG emissions by 84% per kWh.
• Fuel and Energy-Related Activities: Reduce Scope 1 and 3 GHG emissions covering all sold electricity by 95% per kWh.
• Use of Sold Products: Reduce absolute Scope 3 GHG emissions by 90%.
• Remaining Scope 3 Emissions: Reduce absolute Scope 3 GHG emissions by 90%.

Iberdrola also aspires to achieve carbon neutrality for its Scope 1 and 2 emissions by 2030, with a target of less than 10 g CO2/kWh intensity from electricity generation emissions in that year, and net-zero emissions across all scopes by 2040. They have committed to being a carbon-neutral company in Europe by 2030 and globally by 2050. These targets are consistent with reductions required to keep warming to 1.5°C, as validated by the SBTi.