Cepsa
Cepsa, officially known as Compañía Española de Petróleos, S.A.U., is a leading integrated energy company headquartered in Madrid, Spain. Founded in 1929, Cepsa has established a strong presence in the oil and gas industry, with significant operations across Europe, North Africa, and the Americas. The company is renowned for its diverse portfolio, which includes exploration and production, refining, and marketing of petroleum products, as well as renewable energy initiatives. Cepsa's commitment to innovation and sustainability sets it apart in the competitive energy sector. With a focus on high-quality fuels and lubricants, the company has achieved notable milestones, including advancements in cleaner energy solutions. As a key player in the market, Cepsa continues to enhance its position through strategic partnerships and a dedication to environmental responsibility.
DitchCarbon Score
How does Cepsa'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 Products 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
Cepsa's score of 27 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cepsa's reported carbon emissions
In 2023, Cepsa reported carbon emissions of approximately 100,000,000 kg CO2e for Scope 1, 40,000,000 kg CO2e for Scope 2, and about 58,000,000,000 kg CO2e for Scope 3, totalling around 58,140,000,000 kg CO2e. This reflects a significant reliance on Scope 3 emissions, which primarily include the use of sold products. Cepsa's emissions have fluctuated over the years, with notable figures from previous years including 6,776,000,000 kg CO2e in Scope 1 for 2019 and 5,779,000,000 kg CO2e in Scope 1 for 2020. The company has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for improvement in transparency regarding its sustainability strategies. Overall, Cepsa's emissions profile highlights the challenges faced by the energy sector in managing carbon outputs, particularly in Scope 3 emissions, which are often the most substantial. The absence of defined reduction targets suggests that Cepsa may need to enhance its climate action framework to align with industry standards and expectations for corporate responsibility in emissions management.
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Get Started| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,704,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 496,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 6,200,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Cepsa 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.
