EDP - Energias de Portugal

EDP - Energias de Portugal reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 10,578 Kt (+700/+7.1% y-o-y). At the sime time, carbon intensity decreased to 595 t (-83 /-12.2% y-o-y).

EDP - Energias de Portugal's Scope 3 emissions declined to 10,304 Kt (-1,268 /-11% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-4.6% CAGR).

The company is committed to reducing Scope 3 by 40% by 2030 from a base year 2015, which translates into the estimated reduction of -170 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.