Global
Spanish
English
Contact us

Climate change

Committed to sustainable development as part of our strategy 

We believe in accessible, affordable, and low-carbon energy. Besides, we are convinced that only by addressing the major challenges we face can we turn them into opportunities. 

Car driving down the road by trees and a lake

Pioneers in taking on the challenge of reaching net zero emissions by 2050

We were the first company in the sector to set the challenge of becoming a net zero emissions company by 2050. In order to continue making successful progress towards this goal, we have set intermediate targets to descarbonization for 2025, 2030, and 2040.

Main pillars 

We are spearheading the energy transition in order to reach our main target of reducing emissions. In order to do this, we rely on five major pillars of decarbonization, which are aligned with different lines of action.

Eficiencia energética

Believing in operational excellence

Our operational excellence allows us to reduce the GHG emissions of our opeartions through measures aimed at energy efficiency, methane emissions reduction, among others.

Learn more about energy efficiency
Gas natural

Promoting natural gas

We promote an orderly transition toward a low emissions future through the transformation of our upstream asset portfolio so that it becomes less carbon intensive. 

Want to know more about natural gas?
Generación renovable

Generating renewable electricity

We've increased our stake in renewable energy projects, evolving towards a more sustainable energy model.

Learn about low emissions businesses
Combustibles sostenibles

Developing new sustainable fuels

We're upping our production of low-carbon fuels, biogas, advanced biofuels, and hydrogen.
CCUS

Capturing and storing carbon

We support new avenues for CCUS technologies by relying on natural climate solutions (NCS) when other mitigation solutions are not possible.

Learn more about new technological developments

More lines of action that support decarbonization

Precio del carbono

Carbon pricing

We've set an internal carbon price that we apply to all new investments.
Repsol Campus building

Sustainable financing

We're the first company in the oil and gas sector to issue a green bond with the aim of investing earnings in sustainable projects.
Hydropower plant

Circular economy

Our more than 300 initiatives throughout our value chain promote change and create the necessary synergies to accelerate it.

Endorsing change

We're working every day in the fight against climate change by actively joining international industry intiatives and associations in the energy sector that support sustainable principles.

Employees in a meeting room

Report on industry associations and initiatives

As part of our steadfast commitment to the fight against climate change and the decarbonization of the economy, we've ensured that all the associations and initiatives in which we participate are aligned with the fulfillment of the goals set out in the Paris Agreement.

View report |PDF| 4.7 MB
Wind and solar energy

Collaborative platform

Along with seven of the sector's leading companies, we developed six principles as a collaboration commitment to the energy transition. We support the collective acceleration of the industry to contribute to the Paris Agreement and make progress in emissions reduction.

See the principles |PDF| 246 KB >
Climate change

Fight against climate change

We've joined international initiatives, such as OGCI, Concawe, Fuels Europe, and IOGP, that are aimed at improving collaboration for the development of people, the environment, safety in operations, and innovation. 

Other partnerships

birds' eye view of a forest

Committed to transparency

We share annual sustinability reports with the aim of publicizing important information on our operations, including financial and sustainability information.

Report archives
transition pathway

Recognized by investors worldwide

Transition Pathway Initiative (TPI) recognized us as one of the only two companies in the sector worldwide with a strategy compatible with the Paris Agreements goals

Conoce los reconocimientos

Committed for more than 25 years

At Repsol, we have been undergoing a transformation and business diversification process for years aimed at leading the energy transition. We were the first company in the sector that supported the Kyoto Protocol, the first one to issue a green bond, and in December 2019, we were the first one to set the goal of becoming a net zero emissions company by 2050.

Energy Efficiency Index at Consumption and Losses Group

GHG emissions reduction plan 2006 – 2013

GHG emissions reduction plan 2014-2020

GHG emissions reduction plan 2018 – 2025

Methane emissions and routine flaring reduction targets by 2025

Carbon Intensity Indicator target

Assessing Repsol’s participation in industry initiatives and associations: Climate Change

2021-2025 GHG emissions reduction plan

Absolute emissions reduction targets

Reinforced targets for methane and carbon intensity indicator

Energy management at Industrial Area

Climate Change Unit

Energy Efficient Coordination Area

Energy Ventures

Sustainability Committee

1992
2002
2003
2005
2006
2007
2008
2009
2010
2011
2014
2015
2016
2017
2018
2019
2020
2021

IPIECA

OGCI

Support Paris Agreement. Paris Pledge for Action

Zero Routine Flaring by 2030 - World Bank

Climate & Clean
Air Coalition - O&G Methane Partnership UN Environment

Methane Guiding Principles

OGMP 2.0 (Oil&Gas Methane Partnership ) endorsement

1st climate change position

1st carbon strategy

Energy efficiency policy

1st employees’ variable remuneration linked to a GHG emissions reduction target

Global Sustainability Plan

CCUS position

Internal carbon pricing

1st O&G company issuing a green bond

SDG priorization

Paris Compliant investment analysis methodology

Sustainable bond issuance

1 st CDP report

1st GHG emissions verification under ISO 14064-1 standard

1st Energy Management System certification under ISO 50001 standard (A Coruña Refinery)

First Sustainability Day

TCFD recommendations

Repsol net zero emission by 2050

  • Transparency
  • Metrics and Targets
  • Adhesion to initiatives
  • Organization
  • Strategy