Iberdrola
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 68 is higher than 92% 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 2023, Iberdrola reported total carbon emissions of approximately 51,638,567,000 kg CO2e, with Scope 1 emissions at about 10,587,589,000 kg CO2e, Scope 2 emissions at approximately 1,746,827,000 kg CO2e, and significant Scope 3 emissions of around 39,304,151,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for carbon neutrality in Scopes 1 and 2 by 2030, with a commitment to offset any residual emissions thereafter. Iberdrola has pledged to reduce its absolute Scope 1 and 2 emissions by 50% from a 2020 baseline by 2030. Additionally, it aims to achieve a 90% reduction in total emissions across all scopes by 2039, with specific targets of reducing Scope 1 and 2 emissions from power generation by 84% per kWh and Scope 3 emissions from the use of sold products by 90%. The company is also focused on reducing its emissions intensity to 50 gCO2/kWh globally by 2030, reflecting a commitment to sustainable energy practices. Iberdrola's climate strategy aligns with industry standards, demonstrating a proactive approach to addressing climate change and contributing to global sustainability goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,587,790,000 | 0,000,000,000 | 0,000,000,000 | 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 | 964,920,000 | 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 | 0,000,000,000 |
| Scope 3 | 27,350,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Iberdrola is participating in some 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.
