Iberdrola SA

Electric Utilities
IBE.MC
€ 10 (0.52)%
Share price
$ 71 bn
Market Cap
$ 143 bn
Enterprise Value

Carbon footprint

92 Ton
GHG emissions per $ 1 mln investment
2.8x the weighted average for S&P 500
FY2022
How is this calculated?
-11%
YOY change in GHG emissions
In line with the -11% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-2.5%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -1.4% weighted average for S&P 500
FY2023
How is this calculated?

Iberdrola SA aims to reduce all Scopes by 20% by 2026 from a base year 2020


This target has not been verified as science based according to SBTi
Iberdrola SA's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Iberdrola SA's GHG emissions (market-based) (Kt of CO2e)
Iberdrola SA's Carbon intensity (Tons per 1 USDm)

Iberdrola SA's carbon footprint

Iberdrola SA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 13,226 Kt (-1,690 /-11.3% y-o-y). Also positively, carbon intensity declined to 232 t (-89 /-27.7% y-o-y).

Iberdrola SA's Scope 3 emissions declined to 42,014 Kt (-2,601 /-5.8% y-o-y). The decline accelerated compared to the CAGR of -4.8% since 4Q'17.

The company is committed to reducing Scope 1 + 2 by 43% by 2030 from a base year 2017, which translates into the estimated reduction of -340 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 20% by 2026 from a base year 2020, which translates into the estimated reduction of -1,401 Kt per annum over the period of FY2023 - FY2026. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Iberdrola SA also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Iberdrola SA commits to reach net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year. Near-Term Targets Iberdrola SA commits to reduce absolute scope 1, 2 and 3 GHG emissions 65% by 2030 from a 2020 base year. Within that target, Iberdrola SA commits to reduce scope 1 and 2 GHG emissions from power generation 83% per kWh by 2030 from a 2020 base year. Iberdrola SA also commits to reduce scope 1 and 3 GHG emissions from fuel and energy related activities covering all sold electricity 85% per kWh within the same timeframe. Iberdrola SA further commits to reduce absolute scope 3 GHG emissions from use of sold products 42% within the same timeframe. Iberdrola SA finally commits to reduce all remaining absolute scope 3 GHG emissions 46% within the same timeframe. Long-Term Targets Iberdrola commits to reduce scope 1, 2 and 3 emissions 90% by 2039 from a 2020 base year. Within that target, Iberdrola SA commits to reduce scope 1 and 2 GHG emissions from power generation 84% per kWh by 2039 from a 2020 base year. Iberdrola SA also commits to reduce scope 1 and 3 GHG emissions from fuel and energy related activities covering all sold electricity 95% per kWh within the same timeframe. Iberdrola SA further commits to reduce absolute scope 3 GHG emissions from use of sold products 90% within the same timeframe. Iberdrola SA finally commits to reduce all remaining absolute scope 3 GHG emissions 90% within the same timeframe.

Company environmental metrics

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