Iberdrola

Iberdrola's reported carbon emissions

Iberdrola, a leading electricity distribution and trade services company headquartered in Spain (ES), has established ambitious climate commitments and is actively reporting its carbon emissions. For the reporting year 2025, Iberdrola reported total greenhouse gas emissions of approximately 41.3 billion kg CO2e. This figure is comprised of roughly 8.5 billion kg CO2e for Scope 1 emissions and approximately 2.8 billion kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions were substantial, amounting to approximately 30 billion kg CO2e, with significant contributions from fuel and energy-related activities (around 10.1 billion kg CO2e) and the use of sold products (approximately 11.5 billion kg CO2e). In 2024, Iberdrola's total emissions were approximately 42.8 billion kg CO2e, with Scope 1 emissions at about 8.9 billion kg CO2e and Scope 2 emissions at roughly 2.4 billion kg CO2e. Scope 3 emissions for 2024 were approximately 31.5 billion kg CO2e, driven by fuel and energy-related activities (around 10.3 billion kg CO2e) and the use of sold products (approximately 11.1 billion kg CO2e). **Key Climate Commitments and Targets:** Iberdrola has set forth a comprehensive strategy to achieve climate neutrality, including: * **Net-Zero Ambition:** The company aims for net-zero greenhouse gas emissions across its value chain by 2039. * **Short-Term Emission Reductions:** Iberdrola is committed to reducing absolute Scope 1, 2, and 3 greenhouse gas (GHG) emissions by 65% by 2030, using a 2020 baseline. * **Scope 1 and 2 Targets:** * A specific near-term target is to reduce Scope 1 and 2 GHG emissions from power generation by 83% per kWh by 2030 from a 2020 baseline. * Additionally, Iberdrola aims to achieve carbon neutrality for its Scope 1 and 2 emissions by 2030. * There is also a commitment to reduce Scope 2 emissions to near zero by the middle of the current decade (circa 2025). * **Scope 3 Targets:** * Iberdrola commits to reducing absolute Scope 3 GHG emissions from the use of sold products by 42% by 2030 from a 2020 baseline. * A target is in place to reduce all remaining absolute Scope 3 GHG emissions by 46% by 2030 from a 2020 baseline. * Furthermore, Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity are targeted for an 85% reduction per kWh by 2030. * **Long-Term Emission Reductions:** Iberdrola aims for a 90% reduction in Scope 1, 2, and 3 emissions by 2039 from a 2020 baseline. * **Science Based Targets initiative (SBTi):** Iberdrola's targets are validated by the SBTi, confirming their alignment with a 1.5°C trajectory. This includes a commitment to an 84% reduction in Scope 1 and 2 GHG emissions from power generation per kWh by 2039. Iberdrola is a signatory of the Climate Pledge, demonstrating a commitment to achieving net-zero carbon emissions by 2040.