Iberdrola SA

Electric Utilities
IBE.MC
€ 11 (0.05)%
Share price
$ 71 bn
Market Cap
$ 138 bn
Enterprise Value

Carbon footprint

108 Ton
GHG emissions per $ 1 mln investment
3x the weighted average for S&P 500
FY2021
How is this calculated?
+3.6%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Iberdrola SA aims to reduce Scope 1 + 2 by 43% by 2030 from a base year 2017


This target has not been verified as science based according to SBTi
Iberdrola SA's actual and proj. GHG emissions (Scope 1 + 2) (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 2021 at 14,916 Kt (+515/+3.6% y-o-y). At the sime time, carbon intensity was down at 321 t (-50 /-13.4% y-o-y).

Iberdrola SA's Scope 3 emissions was down at 53,898 Kt (-3,954 /-6.8% y-o-y). There has been no clear trend lately.

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 -490 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.

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

Show more...