EDP is one of the 100 world companies with science-based climate commitments
According to CDP - one of the international organizations behind the Science-Based Target Initiative (SBTi) - the number of companies with CO2 emission reduction targets now stands at 100. EDP is part of this universe of companies contributing to compliance with the Paris Agreement.
The point here is the validation of the targets set by EDP to reduce combined specific emissions (categories 1 and 21) by 55% and absolute emissions (category 31) by 25% between 2015 and 2030.2
Climate Change is one of the greatest natural challenges facing humanity today, requiring that companies and societies accelerate the shift a more sustainable world. EDP's strategy is based on a significant investment in new renewable capacity and in the expansion of its energy service portfolio. Decarbonization, through both energy efficiency and increased transport and air conditioning electrification, is a crucial tool for achieving the ambitious targets set by the Paris Agreement.
In this agreement, 197 countries agreed to keep the planet's average temperature increase below 2°C compared to pre-industrial levels, and doing everything to limit this increase to 1.5ºC. The private sector has acknowledged its role in this endeavor, and companies around the world are becoming more proactive and committed to the targets of the Agreement.
The purpose of the Science-Based Targets initiative, held by CDP, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) in collaboration with We Mean Business (WMB), is to award the companies whose public commitments are in line with the recommendations of the UN Scientific Committee, the Intergovernmental Panel on Climate Change (IPCC), and the International Energy Agency (IEA). This organization devised the roadmap that the electricity sector will have to follow in order to contribute to keeping global warming below 2ºC, the baseline scenario of the Paris Agreement.
Path for reducing EDP's specific CO2 emissions against the industry benchmark