Repsol
Repsol S.A., a leading global energy company headquartered in Madrid, Spain, operates extensively across Europe, Latin America, and North Africa. Founded in 1987, Repsol has evolved into a key player in the oil and gas industry, focusing on exploration, production, refining, and distribution of hydrocarbons. The company is renowned for its commitment to innovation and sustainability, offering a diverse range of products and services, including fuels, lubricants, and renewable energy solutions. Repsol's unique approach to integrating traditional energy sources with renewable initiatives positions it as a forward-thinking leader in the energy transition. With a strong market presence and notable achievements, Repsol continues to drive advancements in energy efficiency and environmental stewardship, solidifying its reputation as a responsible energy provider.
DitchCarbon Score
How does Repsol's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Petroleum Electricity industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Repsol's score of 34 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Repsol's reported carbon emissions
In 2023, Repsol reported total carbon emissions of approximately 105,500 kg CO2e, comprising 14,400 kg CO2e from Scope 1, 400 kg CO2e from Scope 2, and 60,800 kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily stem from the use of sold products, which accounted for about 311,200,000,000 kg CO2e. Repsol's emissions have shown fluctuations over the years. In 2022, total emissions were around 93,000 kg CO2e, with Scope 1 emissions at 15,800 kg CO2e and Scope 2 emissions at 600 kg CO2e. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for improvement in their climate commitments. The company has made strides in understanding its carbon intensity, reporting a carbon intensity of about 0.018 t CO2e per thousand barrels of oil equivalent (boe) produced in 2022. However, without specific reduction targets, Repsol's long-term climate strategy remains somewhat unclear. Overall, while Repsol has made progress in tracking and reporting its emissions, the absence of defined reduction targets highlights the need for a more robust commitment to climate action.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 22,400 | - | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 500 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Repsol is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
