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Naturgy Energy

Naturgy Energy is a publicly listed semi-integrated gas company headquartered in Spain. In 2020, it had USD 18.47 billion in revenue and a reported 11,847 employees*. Naturgy operates eight LNG tankers and two pipeline networks and is a leading gas distributor in Latin America. It is developing renewable energy projects and aims to be carbon neutral by 2050 but lacks a scope 3 emissions target.

Ranking position
#3 /100
Total score
44.8 /100
Performance score
6.8 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)


0.0 /100 #38

Material Investment

3.1 /100 #62

Intangible Investment

0.0 /100 #20

Sold products

70.9 /100 #1


55.6 /100 #12

Supplier Engagement

30.0 /100 #13

Client Engagement

51.3 /100 #5

Policy Engagement

36.0 /100 #23

Business Model

26.3 /100 #9

Leading practices

No leading practices were identified for this company.

Risks and opportunities


Naturgy receives a trend score of +. If the company were reassessed in the near future, its score would likely improve. The company’s plans to increase the share of electricity in its portfolio up to 60%, and conversely reduce gas to 40%, can reduce its overall emissions. Similarly, Naturgy’s plans to increase the share of renewable electricity in its power generation mix and develop energy services for its customers can improve the company’s alignment with its 1.5°C pathway. It is however crucial that Naturgy sets short- and long-term scope 3 emissions reduction targets to support its 2050 carbon neutrality objective to significantly improve its performance.

Progress towards the Paris Agreement

See results for

  1. 2023

More about the company

Madrid, Spain
Group revenue
EUR 15,345,000,000 (USD 18.47 billion)
Ownership structure
Publicly listed
Number of employees
Scope of activity
Semi Integrated