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 47 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Iberdrola's reported carbon emissions
In 2023, Iberdrola reported significant carbon emissions, totalling approximately 10,587,589,000 kg CO2e for Scope 1, 1,746,827,000 kg CO2e for Scope 2, and 39,304,151,000 kg CO2e for Scope 3. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2039, using 2020 as the baseline year. Iberdrola's near-term targets include a 65% reduction in absolute Scope 1, 2, and 3 emissions by 2030. Specifically, it aims to reduce Scope 1 and 2 emissions from power generation by 83% per kWh, and Scope 1 and 3 emissions from fuel and energy-related activities by 85% per kWh within the same timeframe. Additionally, the company plans to cut absolute Scope 3 emissions from the use of sold products by 42% and all remaining Scope 3 emissions by 46%. For long-term goals, Iberdrola commits to a 90% reduction in Scope 1, 2, and 3 emissions by 2039, with specific targets of 84% for Scope 1 and 2 emissions from power generation and 95% for Scope 1 and 3 emissions from fuel and energy-related activities per kWh. Iberdrola's climate strategy aligns with industry standards and reflects its commitment to sustainability and reducing its carbon footprint.
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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 committed to some reduction initiatives 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.
