Galp Sustainability Profile
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.
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.
Industry Benchmark
Galp's score of 74 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Galp's reported carbon emissions
In 2024, Galp reported total carbon emissions of approximately 45.9 billion kg CO2e, comprising 3.1 billion kg CO2e from Scope 1, 8.8 million kg CO2e from Scope 2, and about 42.7 billion kg CO2e from Scope 3 emissions. This represents a slight increase from 2023, where total emissions were approximately 42.6 billion kg CO2e, with Scope 1 emissions at about 3.0 billion kg CO2e, Scope 2 at 9.8 million kg CO2e, and Scope 3 at around 39.5 billion kg CO2e. Galp has set ambitious climate commitments, aiming to reduce its industrial operational emissions (Scopes 1 and 2) by 50% by 2030 compared to 2017 levels. Additionally, the company has pledged to achieve net zero emissions across all scopes by 2050, with interim targets for absolute and carbon intensity reductions by 2030. Specifically, Galp aims to reduce its absolute emissions by 40% by 2030, with a focus on both Scope 1 and Scope 2 emissions. The company is also committed to achieving near-zero upstream methane emissions by 2030 and has joined initiatives aimed at reducing flaring in upstream operations. These commitments align with broader EU and Portuguese government climate goals, reflecting Galp's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2011 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 172,680,000 | 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 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 302,254,000 | 00,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Galp's Industry?
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Galp's Scope 3 Categories Breakdown
Galp's Scope 3 emissions, which increased by 8% last year and increased significantly since 2011, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 83% of Scope 3 emissions.
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Galp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Galp has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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