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 51 is higher than 99% 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 63,000,000,000 kg CO2e, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 4,700,000,000 kg CO2e, while Scope 2 emissions totalled around 200,000,000 kg CO2e. The majority of emissions stemmed from Scope 3, which accounted for approximately 58,000,000,000 kg CO2e, primarily from the use of sold products (about 51,600,000,000 kg CO2e). In comparison, Cepsa's 2022 emissions were approximately 62,200,000,000 kg CO2e, with Scope 1 emissions at about 5,300,000,000 kg CO2e and Scope 2 emissions remaining consistent at around 200,000,000 kg CO2e. The Scope 3 emissions for that year were approximately 62,200,000,000 kg CO2e, indicating a slight decrease in overall emissions from 2022 to 2023. Cepsa's emissions data is cascaded from its parent company, Moeve, which provides oversight and guidance on emissions reporting and reduction initiatives. However, Cepsa has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other frameworks, nor have they made formal climate pledges. Overall, Cepsa's emissions profile highlights the significant impact of Scope 3 emissions, particularly from the use of sold products, underscoring the need for comprehensive strategies to address carbon emissions across all scopes.
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| 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 | 0,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 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 | 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 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.
