Galp

Galp, headquartered in Portugal and operating within the petroleum refineries sector, has set ambitious climate commitments. The company aims to achieve net-zero emissions by 2050, with intermediate targets for 2030.

In terms of emissions, for the reporting year 2025, Galp reported a total of approximately 42.9 billion kg CO2e. This figure encompasses Scope 1 emissions amounting to roughly 2.65 billion kg CO2e, Scope 2 emissions at approximately 7.5 million kg CO2e (market-based), and substantial Scope 3 emissions totalling about 40.2 billion kg CO2e.

Looking back, in 2024, total emissions were approximately 46.3 billion kg CO2e, with Scope 1 at about 3.13 billion kg CO2e and Scope 3 at approximately 43.1 billion kg CO2e. For 2023, total emissions stood at about 42.6 billion kg CO2e, with Scope 1 at around 3.01 billion kg CO2e and Scope 3 at nearly 39.5 billion kg CO2e.

Galp has made specific commitments to reduce its environmental impact. The company targets a 40% reduction in absolute operational emissions (Scopes 1 and 2) by 2030, using 2017 as a baseline. Additionally, Galp has a target to reduce Scope 2 emissions to near zero by 2025 in Portugal, having committed to purchasing electricity from 100% renewable sources for its operations in Portugal. Furthermore, the company aims to achieve near-zero upstream methane emissions by 2030. In its industrial operations, Galp has announced a goal to reduce emissions by 50% by 2030, with a specific focus on reorganising its Sines refinery since 2017. Some projects are also expected to reduce emissions by approximately 43 kilotonnes CO2e per year upon full implementation.