Iberdrola Sustainability Profile
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 93 is higher than 96% 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 2024, Iberdrola reported total greenhouse gas emissions of approximately 42,811,937,000 kg CO2e, comprising 8,913,440,000 kg CO2e from Scope 1, 2,437,919,000 kg CO2e from Scope 2, and a significant 31,460,578,000 kg CO2e from Scope 3 emissions. In 2023, the company’s emissions were approximately 39,304,151,000 kg CO2e, with Scope 1 emissions at 10,587,589,000 kg CO2e, Scope 2 at 2,594,181,000 kg CO2e, and Scope 3 at 39,304,151,000 kg CO2e. 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 50% from a 2020 baseline by 2030. The company also aspires to achieve net-zero emissions across all scopes by 2039. Specific near-term targets include a 65% reduction in absolute Scope 1, 2, and 3 emissions by 2030 from a 2020 base year, with further reductions of 83% per kWh for Scope 1 and 2 emissions from power generation, and 85% for Scope 1 and 3 emissions from fuel and energy-related activities. Iberdrola's commitment to sustainability is reflected in its goal to reduce emissions intensity to 50 gCO2/kWh globally by 2030. The company has also pledged to neutralise any residual emissions post-2030, reinforcing its dedication to climate action. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to keep global warming below 1.5°C.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 295,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 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 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 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 | 00,000,000,000 |
How Carbon Intensive is Iberdrola's Industry?
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Iberdrola's Scope 3 Categories Breakdown
Iberdrola's Scope 3 emissions, which decreased by 20% last year and increased by approximately 15% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 73% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 53% of Scope 3 emissions.
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Iberdrola'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.
Iberdrola 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 Iberdrola's sustainability data and climate commitments