Naturgy
Naturgy Energy Group, commonly referred to as Naturgy, is a leading Spanish multinational company headquartered in Madrid, Spain. Established in 1843, Naturgy operates primarily in the energy sector, focusing on electricity and natural gas distribution, generation, and marketing. With a strong presence in Spain and Latin America, the company has made significant strides in renewable energy, positioning itself as a key player in the transition towards sustainable energy solutions. Naturgy's core offerings include electricity generation from renewable sources, natural gas distribution, and energy efficiency services. The company is recognised for its commitment to innovation and sustainability, aiming to reduce carbon emissions and enhance energy efficiency. Notably, Naturgy has achieved a prominent market position, being one of the largest energy providers in Spain, and has received accolades for its efforts in promoting clean energy initiatives.
DitchCarbon Score
How does Naturgy'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 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
Naturgy's score of 24 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Naturgy's reported carbon emissions
In 2023, Naturgy reported total carbon emissions of approximately 496,153,314 kg CO2e. This figure includes 41,690,280 kg CO2e from Scope 1 emissions, 499,630 kg CO2e from Scope 2 emissions, and a significant 78,389,108,500 kg CO2e from Scope 3 emissions, which primarily encompass the use of sold products. Over the years, Naturgy has shown fluctuations in its emissions. For instance, in 2022, total emissions were about 600,812,077 kg CO2e, with Scope 1 emissions at 32,030,400 kg CO2e, Scope 2 at 499,630 kg CO2e, and Scope 3 at approximately 9,781,131,200 kg CO2e. The company has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for improvement in their climate commitments. Naturgy's emissions profile highlights the significant impact of Scope 3 emissions, which are critical for understanding the full carbon footprint of their operations. The company’s commitment to addressing climate change remains essential as it navigates the transition towards a more sustainable energy future.
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Add to project| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 22,400,000,000 | 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 | 00,000,000 |
| Scope 2 | 1,460,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | - | 000,000 |
| Scope 3 | 99,073,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Naturgy is committed to some reduction initiatives 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.
