Naturgy Energy Group, commonly referred to as Naturgy, is a leading multinational company headquartered in Spain. Established in 1843, Naturgy operates primarily in the energy sector, focusing on the generation, distribution, and marketing of electricity and natural gas. With a strong presence in Spain and Latin America, the company has achieved significant milestones, including the transition to renewable energy sources and the expansion of its infrastructure.
Naturgy's core offerings include electricity generation from renewable and conventional sources, natural gas distribution, and energy efficiency solutions. What sets Naturgy apart is its commitment to sustainability and innovation, positioning itself as a key player in the energy transition. Recognised for its efforts in reducing carbon emissions, Naturgy continues to strengthen its market position, making strides towards a greener future while serving millions of customers worldwide.
-1 vs industry average
Naturgy’s score of 15 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Natural Gas Liquids is among the most carbon-intensive industries
Industry performance
The Natural Gas Liquids industry has reduced its overall emissions by 16% since 2018
Reported emissions
Scope 3 accounts for ••• of total emissions.
Naturgy's reported carbon emissions
In 2017, Naturgy reported total carbon emissions of approximately 109.5 billion kg CO2e, comprising 20.5 billion kg CO2e from Scope 1, 1.3 billion kg CO2e from Scope 2, and 109.5 billion kg CO2e from Scope 3 emissions related to the use of sold products. The company has set ambitious climate commitments, aiming for a 26% reduction in total direct emissions (Scope 1 and Scope 2) by 2025, using 2012 as the base year. Additionally, Naturgy strives to achieve zero net emissions by 2025, which would entail a 24% reduction in total CO2 emissions compared to 2017 levels.
Naturgy's specific emissions reduction targets include a 33% decrease in CO2 emissions from electricity generation, aiming for an emission factor of 278 tCO2/GWh by 2025. The company is actively working towards reducing its Scope 1 and Scope 2 emissions to near zero by the mid-2020s, reflecting its commitment to climate neutrality.
Overall, Naturgy's initiatives demonstrate a strong commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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Naturgy’s Climate Goals (2030 & 2050)
6 goals2025
24% reduction in Scope 1
the company strives to achieve zero net emissions by 2025, which would imply a reduction of total CO2 emissions by 24% by 2025 in comparison…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Naturgy
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