Galp

Galp, a Petroleum Refineries company headquartered in Portugal, reported total carbon emissions of about 42.9 billion kg CO2e in 2025. This includes approximately 2.65 billion kg CO2e from Scope 1 emissions, 7.5 million kg CO2e from market-based Scope 2 emissions, and around 40.24 billion kg CO2e from Scope 3 emissions.

In 2024, Galp's total carbon emissions were approximately 46.27 billion kg CO2e, with Scope 1 emissions at about 3.13 billion kg CO2e, market-based Scope 2 emissions at 8.8 million kg CO2e, and Scope 3 emissions at around 43.13 billion kg CO2e. For 2023, the company reported total emissions of approximately 42.57 billion kg CO2e, comprising around 3.01 billion kg CO2e for Scope 1, 9.8 million kg CO2e for market-based Scope 2, and about 39.55 billion kg CO2e for Scope 3.

Galp has set ambitious climate commitments, aiming to become a net-zero emissions company by 2050 across all emission scopes and geographies. The company also has several near-term targets:

• Absolute Reduction: Galp targets a 40% reduction in its absolute Scope 1 and Scope 2 emissions by 2030, using a 2017 baseline. Some reports indicate a target of 50% reduction for industrial operational emissions (Scope 1 and 2) by 2030 (vs. 2017).
• Carbon Intensity: The carbon intensity of the energy produced by Galp is projected to be 40% lower in 2030 compared to 2017.
• Near-Zero Methane Emissions: The company aims for near-zero upstream methane emissions by 2030.
• Renewable Electricity: Galp successfully achieved its target of sourcing 100% renewable electricity for its operations in Portugal by 2021, leading to a significant reduction in Scope 2 GHG emissions.

These commitments and emissions data are directly reported by Galp Energia, SGPS, S.A.