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 65 is higher than 86% 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 significant carbon emissions across various scopes, with total emissions amounting to approximately 39,304,150,000 kg CO2e for Scope 3, 10,587,589,000 kg CO2e for Scope 1, and 1,746,827,000 kg CO2e for Scope 2. The company has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. Additionally, Iberdrola aspires to achieve carbon neutrality for Scopes 1 and 2 by 2030, offsetting any residual emissions thereafter. Iberdrola's long-term commitment includes a target to reach net-zero greenhouse gas emissions across its value chain by 2039, with a 90% reduction in Scope 1, 2, and 3 emissions from a 2020 baseline. The company has also pledged to reduce the intensity of its emissions to 50 gCO2/kWh globally by 2030, reflecting a 73% reduction from previous levels. These commitments are part of Iberdrola's broader Climate Action Plan, which aligns with the Science Based Targets initiative (SBTi) and aims to keep global warming below 1.5°C. The company is actively working towards these goals, demonstrating its leadership in the energy sector's transition to a low-carbon economy.
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| 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,587,790,000 | 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 |
| 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 | 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 | 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.
