Public Profile

Galp

Galp Energia, commonly known as Galp, is a prominent energy company headquartered in Lisbon, Portugal (PT). Founded in 1999, Galp has established itself as a key player in the oil and gas industry, with significant operations across Europe, Africa, and South America. The company focuses on exploration, production, refining, and distribution of oil and natural gas, alongside a growing commitment to renewable energy solutions. Galp's core offerings include petroleum products, natural gas, and electricity, distinguished by their emphasis on sustainability and innovation. Notably, Galp has made strides in reducing its carbon footprint, positioning itself as a leader in the transition to cleaner energy. With a robust market presence and a commitment to responsible energy practices, Galp continues to achieve significant milestones in the evolving energy landscape.

DitchCarbon Score

How does Galp'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.

41

Industry Average

Mean score of companies in the Electrical Machinery Manufacturing 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.

2

Industry Benchmark

Galp's score of 41 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.

95%

Galp's reported carbon emissions

In 2023, Galp reported total carbon emissions of approximately 30,000,000 kg CO2e, comprising 3,000,000 kg CO2e from Scope 1, 10,000 kg CO2e from Scope 2, and 42,100,000 kg CO2e from Scope 3 emissions. The company has not disclosed specific reduction targets or initiatives, indicating a lack of formal commitments to reduce emissions at this time. Historically, in 2021, Galp's emissions were approximately 32,000,000 kg CO2e, with 3,200,000 kg CO2e from Scope 1, 90,000 kg CO2e from Scope 2, and 46,230,000 kg CO2e from Scope 3. The absence of documented reduction targets suggests that while Galp is aware of its carbon footprint, it has yet to establish a clear pathway for emissions reduction in line with industry standards. Overall, Galp's climate commitments remain vague, and further transparency regarding their emissions reduction strategies would be beneficial for stakeholders and the environment.

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2017201820192020202120222023
Scope 1
3,978,216,000
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
228,035,000
000,000,000
000,000,000
00,000,000
0,000,000
0,000,000
00,000,000
Scope 3
58,565,983,300
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Galp's primary industry is Electrical machinery and apparatus n.e.c. (31), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Galp is headquartered in PT, which has a rank of low, indicating low grid carbon 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.

Galp is not committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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