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Iberdrola SA is a publicly listed energy company headquartered in Spain. In 2019, its revenue was US$40.89 billion and installed capacity was 52.08 GW. It has operations in Spain, Latin America, the UK, and USA. ‬‬‬Iberdrola has the highest renewable capacity (excluding hydro) of the keystone companies headquartered outside China, and the fifth highest of the 50.

Ranking position
#4 /50
Total score
11.7 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)


2.4 /4 #10

Material Investment

2.1 /7 #30

Intangible Investment

1.0 /2 #2


3.5 /4 #1

Policy Engagement

0.6 /1 #14

Business Model

2.0 /2 #1

Leading practices

Risks and opportunities


Iberdrola is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. So far, the company’s emissions reductions have been in line with its benchmarked pathway, but by 2023 the projected emissions reductions will fall behind what is required under the well-below 2-degree pathway. Without a more rapid global phase-out of all fossil fuels, gas included, the company risks undermining its good progress to date with increased generation emissions from gas. The company is proactively evolving its generation and energy services portfolio to reduce the emissions intensity of its business, but these actions are undermined by continued reliance on gas-fired generation.

Progress towards the Paris Agreement

See results for

  1. 2021
  2. 2023

More about the company

Bilbao, Spain
Ownership structure
Publicly listed
Group revenue
US$40.89 billion (2019)
Installed capacity
52.08 GW (2019)