Repsol

Repsol's commitment to climate action is demonstrated through its comprehensive emissions reporting and ambitious reduction targets. For 2025, the company reported a total of approximately 203.1 billion kg CO2e. This includes Scope 1 emissions of about 13.5 billion kg CO2e, Scope 2 emissions of approximately 300 million kg CO2e (location-based), and Scope 3 emissions totalling around 189.3 billion kg CO2e.

In 2024, Repsol's total emissions were approximately 209.9 billion kg CO2e, comprising 13.7 billion kg CO2e of Scope 1 emissions, 300 million kg CO2e of Scope 2 emissions (market-based and location-based), and 195.9 billion kg CO2e of Scope 3 emissions.

Looking further back, the company reported 214.9 billion kg CO2e in total emissions for 2023, with 14.4 billion kg CO2e for Scope 1 and 198.9 billion kg CO2e for Scope 3. For 2022, total emissions were approximately 86.7 billion kg CO2e, with Scope 1 at 15.8 billion kg CO2e and Scope 3 at 70.4 billion kg CO2e. In 2021, total emissions were around 93 billion kg CO2e, with Scope 1 at 19.4 billion kg CO2e and Scope 3 at 73.1 billion kg CO2e.

Repsol has established significant climate commitments, including a long-term goal to achieve net-zero emissions by 2050. This net-zero ambition covers all scopes (Scope 1, 2, and 3) across its value chain.

More immediately, Repsol aims to reduce its Scope 1 and 2 emissions from operated assets by 55% by 2030, using 2016 as a baseline. The company has also set an intermediate goal to reduce absolute Scope 1, 2, and 3 GHG emissions by 20% by 2030, compared to the 2018 baseline. Specific nearer-term targets include a commitment to a 12% reduction in emissions by 2025, 25% by 2030, and 50% by 2040, all contributing to the ultimate net-zero goal. Furthermore, Repsol is working to reduce routine gas flaring by 50% by 2025 relative to a 2018 baseline.