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 91 is higher than 100% 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 42,811,937,000 kg CO2e, with emissions distributed across various scopes: 8,913,440,000 kg CO2e (Scope 1), 2,437,919,000 kg CO2e (Scope 2), and 31,460,578,000 kg CO2e (Scope 3). The company has set ambitious targets to reduce its emissions, aiming for a 50% reduction in Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. Additionally, Iberdrola aspires to achieve carbon neutrality for Scopes 1 and 2 by 2030, offsetting any residual emissions thereafter. Iberdrola's long-term commitment includes a target to reach net-zero emissions across all scopes by 2039, with a significant reduction of 90% in total emissions from a 2020 baseline. The company has also pledged to reduce the intensity of its emissions to 50 gCO2/kWh globally by 2030, reflecting a 73% reduction from previous levels. The company’s climate strategy is aligned with the Science Based Targets initiative (SBTi), which has validated its targets as consistent with the 1.5°C climate goal. Iberdrola's commitment to sustainability is further demonstrated through its participation in various climate initiatives, including the Climate Pledge and the RE100 initiative, which focuses on renewable energy sourcing.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,587,790,000 | - | - | 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 | 964,920,000 | 000,000 | 00,000 | 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 | 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 |
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.
