Main points to engage Iberdrola
As a priority, financial institutions should require Iberdrola to:
- Commit to a target to reach net zero by 2035 in EU/OECD countries and by 2040 for the rest of the world
- Provide a plant-by-plant closure plan for its gas plants
- Commit to close and not to sell or convert gas plants
Iberdrola overview
Revenues
49.3 M€
Installed
gas capacities
17.5 GW
Planned
gas capacities
0 GW
Carbon
intensity
55 gCO2/kWh
Coal
phase-out
No coal
Gas
phase-out
None
Net zero objective
2040
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