Iberdrola SA
Carbon footprint
Primary Climate Goal
Iberdrola SA aims to reduce all Scopes by 20% by 2026 from a base year 2020
GHG emissions and Carbon intensity
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 (
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.