Naturgy

Naturgy, a Spanish-headquartered company in the Natural Gas Liquids industry, reported its most recent emissions for 2017. For that year, Naturgy's Scope 1 emissions were approximately 20.5 billion kg CO2e, Scope 2 emissions were about 1.323 billion kg CO2e, and Scope 3 emissions from the use of sold products were approximately 109.476 billion kg CO2e. The total reported emissions for 2017 were approximately 131.3 billion kg CO2e.

Looking back, in 2016, Naturgy's Scope 1 emissions were around 19.5 billion kg CO2e, Scope 2 emissions were about 1.631 billion kg CO2e, and Scope 3 emissions from the use of sold products were approximately 101.409 billion kg CO2e.

Naturgy has set several climate commitments and reduction targets. The company aims to reduce its absolute Scope 1 and 2 GHG emissions by 21% by 2022 compared to 2017, targeting 17.3 million tonnes CO2e. It also intends to reduce specific CO2 emissions from power generation by 22% in 2022 compared to 2017, reaching 304 tonnes CO2/GWh.

For the longer term, Naturgy has increased its average reduction target for total direct emissions (Scope 1 and 2) for the 2013-2025 period, aiming for a 26% reduction using 2012 as the base year. Regarding specific CO2 emissions from electricity generation (Scope 2), the company has set a reduction target of 33% by 2025, resulting in a target emission factor of 278 tonnes CO2/GWh. Furthermore, Naturgy is striving to achieve zero net emissions by 2025, which would mean a 24% reduction in total CO2 emissions by 2025 compared to 2017. The company has also stated an ambition to achieve net-zero emissions by 2050.