Repsol

Repsol's reported carbon emissions

Repsol, headquartered in Spain (ES) and operating in the "Electricity by petroleum and other oil derivatives" industry, has reported significant carbon emissions across its operations. For the 2025 reporting year, Repsol's total emissions were approximately 203.1 billion kg CO2e. This includes Scope 1 emissions of about 13.5 billion kg CO2e, Scope 2 emissions of approximately 400 million kg CO2e (market-based), and Scope 3 emissions totalling about 189.3 billion kg CO2e. The majority of its Scope 3 emissions stem from the "use of sold products" (approximately 170.8 billion kg CO2e) and "purchased goods and services" (about 12.4 billion kg CO2e). In 2024, Repsol's total emissions were approximately 209.9 billion kg CO2e, with Scope 1 at about 13.7 billion kg CO2e, Scope 2 at around 300 million kg CO2e (market-based), and Scope 3 at approximately 195.9 billion kg CO2e. Repsol has outlined ambitious climate commitments, including a long-term goal to achieve net-zero greenhouse gas emissions by 2050. This commitment encompasses Scope 1, 2, and 3 emissions across its entire value chain. More immediate targets include a commitment to reduce Scope 1 and 2 emissions from operated assets by 55% by 2030, using 2016 as a baseline year. The company also aims for a 20% reduction in total absolute Scope 1, 2, and 3 GHG emissions by 2030, compared to the 2018 baseline. Specifically, this involves an estimated 5% reduction in Scopes 1 and 2, and 15% in Scope 3 emissions. Additionally, Repsol has set intermediate goals such as reducing routine gas flaring by 50% by 2025, with a baseline set in 2018. For its operated E&P assets, Repsol aims for a methane intensity of 0.20% by 2025.