Iberdrola Sustainability Profile
Iberdrola, officially known as Iberdrola, S.A., is a leading multinational utility company headquartered in Bilbao, Spain (ES). Founded in 1992, Iberdrola has established itself as a key player in the global energy sector, particularly in renewable energy, electricity generation, and distribution. The company operates extensively across Europe, North America, and Latin America, focusing on sustainable energy solutions. Iberdrola is renowned for its commitment to clean energy, offering a diverse range of services including wind, solar, and hydroelectric power generation. Its innovative approach to energy transition has positioned it as a market leader, with significant achievements in reducing carbon emissions and enhancing energy efficiency. With a strong emphasis on sustainability, Iberdrola continues to drive advancements in the energy industry, making it a pivotal force in the global shift towards renewable resources.
DitchCarbon Score
How does Iberdrola'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 Electricity Distribution 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
Iberdrola's score of 93 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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Iberdrola's reported carbon emissions
In 2024, Iberdrola reported total greenhouse gas emissions of approximately 42.8 billion kg CO2e, comprising 8.9 billion kg CO2e from Scope 1, 2.4 billion kg CO2e from Scope 2, and about 31.5 billion kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. Additionally, Iberdrola is committed to achieving carbon neutrality for Scopes 1 and 2 by 2030, with a long-term goal of net-zero emissions across all scopes by 2039. Iberdrola's climate strategy includes a near-term target to reduce absolute Scope 1, 2, and 3 GHG emissions by 65% by 2030, with specific reductions of 83% per kWh for Scope 1 and 2 emissions from power generation. The company also aims to cut Scope 3 emissions from the use of sold products by 42% within the same timeframe. Furthermore, Iberdrola has pledged to reduce its emissions intensity to 50 gCO2/kWh globally by 2030. These commitments align with the Science Based Targets initiative (SBTi) and reflect Iberdrola's dedication to sustainable practices in the energy sector. The company has made significant strides in reducing its emissions, with a reported 14% decrease in Scope 1 emissions over a two-year period from 2017 to 2019.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 295,000 | 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 | 00,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 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 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 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 |
How Carbon Intensive is Iberdrola's Industry?
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Iberdrola's Scope 3 Categories Breakdown
Iberdrola's Scope 3 emissions, which decreased by 20% last year and increased by approximately 15% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 73% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 53% of Scope 3 emissions.
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Iberdrola's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Iberdrola has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Iberdrola's sustainability data and climate commitments