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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.

Learn about our net zero emissions commitment

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.

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

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?

Generating renewable electricity

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

Learn about low emissions businesses

Developing new sustainable fuels

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

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

Carbon pricing

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

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.

Circular economy

Our more than 230 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.

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.

See the 2021 report |PDF| 1 MB

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 >

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

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

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.