Science Based Targets Initiative

Climate change is one of humanity's greatest natural challenges, requiring societies and companies to rapidly transform towards a more sustainable world. EDP's strategy is based on strong investment in renewable capacity, as well as on a growing offer of new energy services. Our goal is to decarbonise through energy efficiency and electrification, decisive in achieving the ambitious targets set in the Paris Agreement. 

With this agreement, 197 countries committed to working to avoid a 2ºC increase in the planet's average temperature, compared to pre-industrial times, doing their utmost to limit this increase to 1.5ºC. At the same time, the private sector has a recognised role to play in this journey, and companies around the world respond to a call for greater proactivity and commitment.

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Our history

EDP's targets were first recognised in early 2017, with the scope 1 and 2 decarbonisation target by 2030. As a result, EDP is one of the few utility companies in the world to have a strategy in line with the necessary reduction in greenhouse gas (GHG) emissions required by the Paris Agreement.  In 2019, our ambition was considered in line with a well-below 2ºC trajectory, assuming a 90% reduction in GHG emissions compared to 2015 (absolute and specific). In 2021, this target was revised, and EDP rose its ambition to a 98% reduction in specific scope 1 and 2 emissions by in 2030 compared to 2015, in line with the 1.5ºC decarbonisation journey.   
photo of the floating solar platform on the alqueva dam at the end of the day

Net-Zero standard - the future

In 2022, EDP submitted new decarbonisation targets aligned with the new Net-Zero standard and saw these targets approved by the SBTi (Science Based Targets initiative), for a Net Zero ambition in 2040. This recognition refers to a 90% reduction in total greenhouse gas emissions across the entire value chain by 2040, based on the year 2020. This ambition is proof of the EDP group's commitment to a decarbonisation path for the energy sector, as per the measures needed to limit the increase in the global average temperature at 1.5°C.

Near-term targets

95%
reduction in scope 1 and 2 GHG emissions per MWh of electricity produced by 2030, starting from a base year of 2020.
80%
reduction in scope 1 and 3 GHG emissions per MWh of all electricity sold by 2030, starting from a base year of 2020.
45%
reduction in absolute scope 3 GHG emissions by 2030, starting from a base year of 2020.
45%
reduction in absolute scope 3 emissions related to the use of products sold by 2030, starting from a base year of 2020.
 

Long-term targets

96%
reduction in scope 1 and 2 GHG emissions per MWh of electricity produced by 2040, starting from a base year of 2020.
95%
reduction in scope 1 and 3 specific GHG emissions per MWh of all electricity sold by 2040, starting from a base year of 2020.
90%
reduction in absolute scope 3 emissions by 2040, starting from a base year of 2020.
90%
reduction in absolute scope 3 emissions related to the use of products sold by 2040, starting from a base year of 2020.

*The scope of the targets includes emissions linked to land use and the removal of bioenergy raw materials.

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