Galp

Galp's reported carbon emissions

**Galp Climate Commitments and Carbon Emissions** Galp, a petroleum refineries company headquartered in Portugal, has outlined ambitious climate commitments, including a goal to become a net-zero emissions company by 2050. This long-term vision is supported by intermediate targets for absolute and carbon-intensity reductions by 2030. In terms of emissions, for the year 2025, Galp reported approximately 42.9 billion kg CO2e in total emissions. This figure is comprised of Scope 1 emissions totalling around 2.65 billion kg CO2e, with stationary combustion being the largest contributor. Scope 2 emissions were approximately 7.52 million kg CO2e (market-based). Scope 3 emissions accounted for the majority, with approximately 40.24 billion kg CO2e, driven significantly by the use of sold products and purchased goods and services. For 2024, Galp's total emissions were approximately 46.27 billion kg CO2e. Scope 1 emissions were around 3.13 billion kg CO2e, Scope 2 emissions were approximately 8.82 million kg CO2e (market-based), and Scope 3 emissions reached approximately 43.13 billion kg CO2e. In 2023, the company reported total emissions of approximately 42.57 billion kg CO2e, with Scope 1 emissions at approximately 3.01 billion kg CO2e, Scope 2 emissions at around 9.85 million kg CO2e (market-based), and Scope 3 emissions at approximately 39.55 billion kg CO2e. Galp has committed to reducing its industrial operational emissions (Scopes 1 & 2) by 40% by 2030, using 2017 as a baseline. Some sources also indicate a target to reduce Scope 1 emissions by 30% from a 2020 baseline by 2030. Furthermore, the company aims for near-zero upstream methane emissions by 2030 and is committed to ending routine flaring in upstream operations. Projects are underway that are expected to reduce emissions by approximately 43 kilotonnes of CO2e per year once fully implemented. Galp also aims to reduce its Scope 2 emissions to near zero by 2025.