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Cepsa, officially known as Compañía Española de Petróleos, S.A.U., is a prominent player in the non-specified petroleum products industry, headquartered in Madrid, Spain. Founded in 1929, Cepsa has evolved into a leading integrated energy company, with significant operations across Europe, the Americas, and Africa.
The company focuses on refining, distribution, and marketing of petroleum products, alongside a growing commitment to renewable energy solutions. Cepsa's unique approach combines advanced technology with sustainable practices, positioning it as a forward-thinking entity in the energy sector.
With a strong market presence, Cepsa has achieved notable milestones, including strategic partnerships and innovations in cleaner energy. Its dedication to quality and sustainability continues to enhance its reputation as a reliable supplier in the global energy landscape.
+21 vs industry average
Cepsa’s score of 31 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petroleum Products is among the most carbon-intensive industries
The Petroleum Products industry has reduced its overall emissions by 27% since 2018
Scope 3 accounts for ••• of total emissions.
Cepsa, headquartered in Spain and operating in the Non-specified Petroleum Products industry, reported total carbon emissions of approximately 58 billion kg CO2e in 2023. This includes Scope 1 emissions of about 4.7 billion kg CO2e, Scope 2 emissions (market-based) of around 200 million kg CO2e, and Scope 3 emissions of roughly 58 billion kg CO2e. Key categories within Scope 3 emissions for 2023 were the use of sold products (approximately 51.6 billion kg CO2e), purchased goods and services (about 4.4 billion kg CO2e), and upstream transportation and distribution (around 1 billion kg CO2e).
In 2022, Cepsa's total carbon emissions were approximately 62.2 billion kg CO2e, comprising Scope 1 emissions of about 5.3 billion kg CO2e, Scope 2 emissions (market-based) of around 200 million kg CO2e, and Scope 3 emissions of roughly 62.2 billion kg CO2e.
Cepsa is committed to reducing its carbon footprint, with a specific near-term target to reduce Scope 1 and 2 CO2e emissions by 55% by 2030, compared to a 2019 baseline. This target aims to lower the carbon footprint of its industrial operations. Cepsa's CDP performance data is cascaded from its parent company, Moeve.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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