Climate change

Committed to sustainable development within 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.

Highway

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.

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

Update of the 2024-2027 Strategic Plan

Energy management at Industrial Area

Climate Change Unit

Energy Efficient Coordination Area

Energy Ventures

Sustainability Committee

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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

Signing of the OGDC – net zero Scope 1+2 by 2050

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

First Natural Gas MiQ certification

First Scope 3 emissions of assets under ISO 14064-1

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