Galp Energia

Integrated Oil & Gas
GALP.LS
€ 11 0.93
Share price
$ 9.5 bn
Market Cap
$ 13 bn
Enterprise Value

Carbon footprint

256 Ton
GHG emissions per $ 1 mln investment
9.1x the weighted average for S&P 500
FY2021
How is this calculated?
-12%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

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
Galp Energia's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Galp Energia's GHG emissions (market-based) (Kt of CO2e)
Galp Energia's Carbon intensity (Tons per 1 USDm)

Galp Energia's carbon footprint

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.

Company environmental metrics

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