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.
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.
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.
Cepsa's score of 47 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Cepsa reported total carbon emissions of approximately 100,000,000 kg CO2e for Scope 1, 40,000,000 kg CO2e for Scope 2, and a significant 58,000,000,000 kg CO2e for Scope 3 emissions. The combined emissions from Scope 1 and Scope 2 amounted to about 490,000,000 kg CO2e. Notably, the majority of their emissions stem from the use of sold products, which accounted for approximately 51,600,000,000 kg CO2e. Cepsa has set ambitious climate commitments, aiming for net zero emissions across both Scope 1 and Scope 2 by 2050. This long-term goal reflects their commitment to reducing their carbon footprint and addressing climate change. The company is actively working towards these targets, with a focus on sustainable practices and reducing emissions intensity in their operations. Overall, Cepsa's emissions data and climate commitments highlight their proactive approach to sustainability and their dedication to achieving significant reductions in greenhouse gas emissions in the coming decades.
Access structured emissions data, company-specific emission factors, and source documents
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | 5,402,000,000 | 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 | 541,000,000 | 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 | 6,193,000,000 | 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 |
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 not participating in any of the initiatives that 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.