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 93 is higher than 100% 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, with emissions distributed across various scopes: 8,913,440,000 kg CO2e (Scope 1), 2,437,919,000 kg CO2e (Scope 2), and 31,460,578,000 kg CO2e (Scope 3). In 2023, the company’s emissions were approximately 39,304,151,000 kg CO2e globally, comprising 10,587,589,000 kg CO2e (Scope 1), 2,594,181,000 kg CO2e (Scope 2), and 39,304,151,000 kg CO2e (Scope 3). Iberdrola has set ambitious climate commitments, aiming for carbon neutrality in its Scope 1 and 2 emissions by 2030, with a target to reduce these emissions by 50% from a 2020 baseline. Additionally, the company aspires to achieve net-zero emissions across all scopes by 2039. Near-term targets include a 65% reduction in absolute Scope 1, 2, and 3 emissions by 2030, with specific 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 further demonstrated by its goal to reduce emissions intensity to 50 gCO2/kWh globally by 2030. The company is a signatory of the Climate Pledge and has aligned its targets with the Science Based Targets initiative (SBTi), ensuring that its strategies are consistent with limiting global warming to 1.5°C.
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| 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 0,000,000,000 |
| 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 | 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.
