Iberdrola

Iberdrola, headquartered in Spain and operating in the distribution and trade services of electricity, has made significant commitments to climate action and emissions reduction.

In 2025, Iberdrola's total reported carbon emissions were approximately 41.28 billion kg CO2e. This included Scope 1 emissions of about 8.48 billion kg CO2e, Scope 2 market-based emissions of approximately 2.79 billion kg CO2e, and Scope 3 emissions totalling around 29.89 billion kg CO2e. Key categories within Scope 3 were fuel and energy-related activities (approximately 10.07 billion kg CO2e) and use of sold products (about 11.55 billion kg CO2e).

Looking back, Iberdrola's total emissions have shown fluctuation. In 2024, total emissions were roughly 42.81 billion kg CO2e, composed of approximately 8.91 billion kg CO2e for Scope 1, 2.44 billion kg CO2e for market-based Scope 2, and 24.43 billion kg CO2e for Scope 3. In 2023, total emissions were about 52.48 billion kg CO2e (derived from Scope 1: 10.59 billion kg CO2e, Location-Based Scope 2: 2.59 billion kg CO2e, and Scope 3: 39.30 billion kg CO2e).

Iberdrola has set ambitious climate targets, which are validated by the Science Based Targets initiative (SBTi). The company commits to achieving net-zero greenhouse gas emissions across its entire value chain by 2039, using a 2020 base year.

Near-term targets include:

• Reducing absolute Scope 1, 2, and 3 GHG emissions by 65% by 2030 from a 2020 base year.
• Reducing Scope 1 and 2 GHG emissions from power generation by 83% per kWh by 2030 from a 2020 base year.
• Reducing Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 85% per kWh by 2030 from a 2020 base year.
• Reducing absolute Scope 3 GHG emissions from the use of sold products by 42% by 2030 from a 2020 base year.
• Reducing all remaining absolute Scope 3 GHG emissions by 46% by 2030 from a 2020 base year.

For the long term, Iberdrola commits to:

• Reducing Scope 1, 2, and 3 emissions by 90% by 2039 from a 2020 base year.
• Reducing Scope 1 and 2 GHG emissions from power generation by 84% per kWh by 2039 from a 2020 base year.
• Reducing Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 95% per kWh by 2039 from a 2020 base year.
• Reducing absolute Scope 3 GHG emissions from the use of sold products by 90% by 2039 from a 2020 base year.
• Reducing all remaining absolute Scope 3 GHG emissions by 90% by 2039 from a 2020 base year.

Iberdrola also aims for CO2 equivalent neutrality for Scope 1 and 2 emissions by 2030 and has signed The Climate Pledge. The company has historically achieved reductions, including a 14% decrease in direct (Scope 1) emissions between 2017 and 2019.