Naturgy
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.
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 Natural Gas Liquids 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 60 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Naturgy's reported carbon emissions
In 2023, Naturgy reported total carbon emissions of approximately 49,615,331.93 kg CO2e, comprising 12,463,378,000 kg CO2e from Scope 1, 1,856,115.34 kg CO2e from Scope 2, and 101,726,269,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions intensity and achieve net-zero emissions. Naturgy aims to reduce the GHG emissions intensity of electricity generation by 56% by 2025 compared to the base year of 2017. Additionally, they plan to achieve a 59% reduction in emissions intensity by 2030, using 2012 as the baseline. In terms of absolute emissions, Naturgy targets a reduction of Scope 1 emissions from 14.74 million tonnes CO2e in 2022 to 9.35 million tonnes CO2e by 2030, representing a 37% decrease and a 54% reduction compared to 2017 levels. For Scope 2 emissions, the goal is to decrease from 0.36 million tonnes CO2e in 2022 to 0.35 million tonnes CO2e by 2030, a 4% reduction. Furthermore, Naturgy is committed to achieving net-zero emissions for Scope 1 and 2 by 2050 and aims for net-zero Scope 3 emissions in Spain by the same year. These initiatives reflect Naturgy's dedication to sustainability and its proactive approach to addressing climate change.
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| 2009 | 2010 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,665,803.25 | 0,000,000.0 | 00,000,000,000 | 00,000,000,000 | 00,000 | 00,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 3,497,933.81 | 0,000,000.00 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | - | 0,000,000.00 | 000,000,000 |
| Scope 3 | 11,624,591.18 | 00,000,000.00 | 00,000,000,000 | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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 not participating in any of the initiatives that 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.
