Repsol

Repsol, headquartered in Spain and operating in the Electricity by petroleum and other oil derivatives sector, is committed to achieving net-zero greenhouse gas emissions across all scopes (Scope 1, 2, and 3) by 2050.

In 2025, Repsol's total reported carbon emissions were approximately 185 billion kg CO2e. This included about 13.5 billion kg CO2e from Scope 1 emissions, 400 million kg CO2e from market-based Scope 2 emissions, and approximately 189.3 billion kg CO2e from Scope 3 emissions, with use of sold products accounting for around 170.8 billion kg CO2e and purchased goods and services for approximately 12.4 billion kg CO2e.

Looking back, their total emissions were about 209.9 billion kg CO2e in 2024 and approximately 214.9 billion kg CO2e in 2023.

Repsol has established several near-term reduction targets:

• A 55% reduction in Scope 1 and Scope 2 emissions from operated assets by 2030, compared to a 2016 baseline.
• A 20% reduction in total absolute Scope 1, 2, and 3 GHG emissions by 2030, compared to a 2018 baseline. This includes an estimated 5% contribution from Scope 1 and 2, and 15% from Scope 3.
• A 50% reduction in CO2 equivalent emissions from routine gas flaring by 2025, relative to 2018 levels, for its Exploration & Production (E&P) operated assets.
• A new plan for 2021-2025 aims to achieve a further reduction of 1.5 million tonnes of CO2.
• By 2025, Repsol also aims to achieve a methane intensity of 0.20% for its E&P operated assets, representing an 85.67% reduction from 2021 levels.

Long-term commitments include a 12% reduction in emissions by 2025, 25% by 2030, and 50% by 2040, all contributing to the overarching net-zero emissions target by 2050 across Scope 1, 2, and 3.