Iberdrola

Iberdrola, a company in the "Distribution and trade services of electricity" industry based in Spain (ES), has reported a total of approximately 41.3 billion kg CO2e for the year 2025. This figure encompasses Scope 1, Scope 2 (market-based: approximately 2.8 billion kg CO2e; location-based: approximately 2.8 billion kg CO2e), and Scope 3 emissions (approximately 30.0 billion kg CO2e).

For the year 2024, Iberdrola's total emissions were approximately 42.8 billion kg CO2e, comprising Scope 1 (approximately 8.9 billion kg CO2e), Scope 2 (market-based: approximately 2.4 billion kg CO2e; location-based: approximately 2.5 billion kg CO2e), and Scope 3 emissions (approximately 31.5 billion kg CO2e).

The company has set ambitious climate commitments, including achieving carbon neutrality for Scopes 1 and 2 by 2030, and aims for net-zero greenhouse gas emissions across its value chain by 2039. Iberdrola has also committed to reducing absolute Scope 1, 2, and 3 greenhouse gas (GHG) emissions by 65% by 2030, compared to a 2020 baseline. Within this, a specific target is set to reduce Scope 1 and 2 GHG emissions from power generation by 83% per kWh by 2030. For Scope 3 emissions, Iberdrola aims to reduce absolute emissions from the use of sold products by 42% and all remaining absolute Scope 3 GHG emissions by 46% by 2030.

Further long-term goals include a commitment to reduce Scope 1, 2, and 3 emissions by 90% by 2039, with specific targets for Scope 1 and 2 GHG emissions from power generation to be reduced by 84% per kWh by the same year. Iberdrola also aims to reduce its emissions intensity to 50 gCO2/kWh globally by 2030 and is committed to achieving net-zero emissions by 2040 across all scopes. The company has also committed to reducing its Scope 1 emissions by 50% from a 2020 baseline by 2030 and aims to reduce Scope 1 and 2 emissions to near zero by the middle of this decade. Iberdrola has signed the Climate Pledge.