Cepsa Sustainability Profile
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 50 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cepsa's reported carbon emissions
In 2023, Cepsa reported total carbon emissions of approximately 63.1 billion kg CO2e, comprising 4.7 billion kg CO2e from Scope 1, 200 million kg CO2e from Scope 2, and 58 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by the use of sold products, accounting for about 51.6 billion kg CO2e. Cepsa's emissions data is cascaded from its parent company, Moeve, indicating a corporate family relationship. Despite the significant emissions figures, there are currently no documented reduction targets or climate pledges in place. The company has disclosed emissions across all three scopes, demonstrating transparency in its reporting. Cepsa's commitment to addressing climate change is evident, although specific reduction initiatives or targets have not been outlined in the available data.
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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 | 5,944,000,000 | 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 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Cepsa's Industry?
How Carbon Intensive is Cepsa's Location?
Cepsa's Scope 3 Categories Breakdown
Cepsa's Scope 3 emissions, which decreased by 7% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 89% of Scope 3 emissions.
Top Scope 3 Categories
Cepsa's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cepsa has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
