In 2024, EDP completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
EDP has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,458,320a | 4,275,850a | 9,405,000b | |
Total Scope 2 | ||||
Market-Based | 233,560a | 261,520a | 443,000c | |
Location-Based | 233,480a | 287,650a | 469,000b | |
Total Scope 3 | 9,540,560a | 8,062,690a | 9,279,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 93.6405a | 238.4342a | 427.2036b |
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In 2024, the total operational greenhouse gas (GHG) emissions of EDP amounted to 1,691,800 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of EDP decreased by 62.93%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of EDP were 1,458,320 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, EDP's Scope 1 emissions have decreased by 89.85%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), EDP's Scope 1 emissions decreased by 65.89%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, EDP reported Scope 2 greenhouse gas (GHG) emissions of 233,560 tCO₂e using the market-based method and 233,480 tCO₂e using the location-based method.a
Since 2019, EDP's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 72.4%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), EDP's Scope 2 emissions (Location-Based) fell by 18.83% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, EDP reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, EDP reported 9,540,560 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of EDP includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, EDP reported total Scope 3 emissions of 9,540,560 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 76.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 23.99% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, EDP's Scope 3 emissions have decreased by 18.67%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), EDP's Scope 3 emissions increased by 18.33%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, EDP reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to EDP's Scope 3 emissions were:a
In 2024, EDP reported Scope 1 greenhouse gas (GHG) emissions of 1,458,320 tCO₂e and total revenues of USD 15,574 millions. This translates into an emissions intensity of 93.64 tCO₂e per millions USD.a
In 2024, EDP reported a Scope 1 emissions intensity of 93.64 tCO₂e per millions USD. Compared to the peer group median of 299.11, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, EDP ranked 6 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
EDP is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, EDP reported a total carbon footprint of 11,232,360 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.04% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to EDP's total carbon footprint was Scope 3 emissions, accounting for 84.94% of the company's total carbon footprint, followed by Scope 1 emissions at 12.98%.a