Iberdrola

Iberdrola, an electricity distribution and trade services company headquartered in Spain, reported total emissions of approximately 41.28 billion kg CO2e in 2025. This includes about 8.48 billion kg CO2e from Scope 1 emissions, approximately 2.79 billion kg CO2e from market-based Scope 2 emissions (or 2.82 billion kg CO2e location-based), and roughly 30.01 billion kg CO2e from Scope 3 emissions.

For 2024, Iberdrola's total emissions were approximately 42.81 billion kg CO2e, comprising about 8.91 billion kg CO2e from Scope 1, approximately 2.44 billion kg CO2e from market-based Scope 2 emissions (or 2.47 billion kg CO2e location-based), and roughly 31.84 billion kg CO2e from Scope 3 emissions.

In 2023, the company reported Scope 1 emissions of approximately 10.59 billion kg CO2e and Scope 2 emissions (location-based) of about 2.59 billion kg CO2e. Scope 3 emissions for 2023 were approximately 39.30 billion kg CO2e.

Looking back, Iberdrola's Scope 1 emissions were approximately 10.68 billion kg CO2e in 2022, 12.75 billion kg CO2e in 2021, 1.30 billion kg CO2e in 2020, 12.97 billion kg CO2e in 2019, and 13.46 billion kg CO2e in 2018.

Iberdrola has set ambitious climate commitments and reduction targets:

• Near-term targets: Iberdrola SA commits to reduce absolute Scope 1, 2 and 3 GHG emissions by 65% by 2030, from a 2020 base year. Within this, Scope 1 and 2 GHG emissions from power generation are targeted for an 83% reduction per kWh by 2030, from a 2020 base year. Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity are targeted for an 85% reduction per kWh within the same timeframe. Absolute Scope 3 GHG emissions from use of sold products are targeted for a 42% reduction, and all remaining absolute Scope 3 GHG emissions are targeted for a 46% reduction within the same timeframe.
• Long-term targets: Iberdrola commits to reduce Scope 1, 2, and 3 emissions by 90% by 2039, from a 2020 base year. Specific reductions include an 84% reduction per kWh for Scope 1 and 2 GHG emissions from power generation, a 95% reduction per kWh for Scope 1 and 3 GHG emissions from fuel and energy-related activities covering all sold electricity, a 90% reduction for absolute Scope 3 GHG emissions from use of sold products, and a 90% reduction for all remaining absolute Scope 3 GHG emissions within the same timeframe.
• Net-Zero Commitment: Iberdrola SA commits to reach net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year. This target has been validated by the Science Based Targets initiative (SBTi). The company has also stated an ambition to achieve CO2e neutrality for Scope 1 and 2 by 2030. They aim to reduce Scope 1 and 2 emissions to near zero by the middle of this decade (2025).
• Previously, Iberdrola had set a target to reduce the intensity of its emissions by 30% in 2020 compared to 2007 (for both Scope 1 and Scope 2). It also had an environmental goal to reduce the intensity of its CO2 emissions by 50% below 2007 levels by 2030, aiming for carbon neutrality by 2050.