Iberdrola

ACT Core

The company scores 5 for the quality of their transition plan and 2 for their contribution to the transition, resulting in a total score of A - 1.5°C aligned and planning. This reflects that the company has a detailed transition plan with detailed information on decarbonization levers and supply chain engagement. There is convincing evidence that the company is mobilising significant low-carbon investments, typically accounting for 40% or more of total investment. The company’s total emissions between 2019 and 2024 have decreased consistently at a pace sufficient to keep the company aligned with an ambitious 1.5 °C sectoral pathway over the next five years. The company has established valid near- and long-term Scope 1 and 2 and Scope 3 targets, and at least half of these targets are aligned with an ambitious 1.5 °C sectoral pathway when emissions performance and expected sectoral activity growth are taken into account. Further increasing investment in low-carbon technologies and raising the ambition of remaining climate targets would help ensure the company maintains the highest classification. The graphs below indicate the company’s performance compared to the overall distribution of results for selected aspects. However, the total score refers to a much wider set of indicators and also consider such as the company’s emission disclosure, transition plan, aspects of governance and support for climate policy.