Galp Energia

Integrated Oil & Gas

GALP.LS

€ 11 0.93

Share price

$ 9.5 bn

Market Cap

$ 13 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

9.1x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2022

Galp Energia aims to reduce Scope 1 + 2 by 40% by 2030 from a base year 2017

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Galp Energia reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 3,209 Kt (-433 /-11.9% y-o-y). Also positively, carbon intensity plummeted to 173 t (-116 /-40.1% y-o-y).

Galp Energia's Scope 3 emissions was down at 46,800 Kt (-2,100 /-4.3% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -11.8%).

The company is committed to reducing Scope 1 + 2 by 40% by 2030 from a base year 2017, which translates into the estimated reduction of -100 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	3,209	3,200	9.1	46,800	18,537	173
2020Q4	3,642	3,600	42	48,900	12,612	289
2019Q4	3,813	3,700	113	64,500	18,624	205
2018Q4	3,834	3,700	134	77,500	20,314	189
2017Q4	3,853	3,625	228	632	17,161	225
2016Q4	3,932	3,760	172	601	14,458	272
2015Q4	4,040	3,767	273	395	17,366	233
2014Q4	3,643	3,481	162	355
2013Q4	4,303	4,149	155	396
2011Q4	3,392	3,200	192

Galp Energia

Carbon footprint

Primary Climate Goal

Galp Energia aims to reduce Scope 1 + 2 by 40% by 2030 from a base year 2017

GHG emissions and Carbon intensity

Galp Energia's carbon footprint

Company environmental metrics