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Cambio climático

Our commitment to stop climate change

Our ambition: reducing our carbon intensity by 40% by the year 2040

Antonio Brufau

"At Repsol, we are committed to an energy transition towards a low-emission future in which no energy source should be written off. Each source has its context, place, and role to play in the growth of the global economy."

Antonio Brufau, Repsol Chairman

Landscape shot of a mountain area

Our objectives

2020 objective: to reduce our carbon intensity by 3% compared to 2016 levels

2018-2025 Emissions Reduction Plan: reduce 3 Mt CO2e

2025 objective: to reduce methane emissions in our operated assets by 25% compared to 2017 levels

2025 objective: to reduce routine flaring by 50% as compared to 2017

UN climate change conference logo.

We support the Paris Agreement

We are firmly committed to the goal of limiting the rise in the Earth's average global temperature to 2 degrees Celsius as compared to pre-industrial levels.

This scenario supposes that, by the second half of this century, net CO2 emissions in the atmosphere should reach zero and, as signatories to the Paris Pledge for Action, we work for our Company to be part of the solution to the climate problem.

We have been working towards this goal for some time: between 2006 and 2018 we managed to reduce our CO2e emissions in our processes and activities by 4.9 million tons.

We have joined forces with our sector

Combining efforts across our sector

In addition to other projects, we're part of the Oil & Gas Climate Initiative (OGCI), a CEO-led coalition comprised of leading companies in the sector. Its goal is to share best practices and technological solutions to help drive the fight against global warming.

As further proof of our commitment to stopping climate change, our CEO, Josu Jon Imaz, signed on to this initiative in 2015 and since then has been leading our role in it.

In 2016, the OGCI created a fund to invest $1 billion over 10 years to develop and accelerate the commercial rollout of low-emissions technologies.

Towards a low-emissions future

Our support for the Paris Climate Agreement, investment in natural gas, and constant efforts to improve energy efficiency are just a few of the ways we hope to reduce emissions. We are also the first Oil & Gas company to issue a certified green bond to fund energy efficiency projects.
  • Reducción emisiones

    Emissions reduction

    4.9 Mt CO2e reduced

    between 2006 and 2018.

  • Apuesta por el gas

    Focused on gas

    73% of our total

    proved reserves are gas.

  • Bono verde certificado

    Certified green bond

    €500 M applied for

    energy efficiency projects and low-emission technologies.

  • Transparency

Two hands holding a small globe

Increasingly transparent: GHG inventory verification

The international standard ISO 14064-1 establishes the necessary requirements to design and elaborate GHG inventories, and stipulates how reductions in emissions must be quantified and reported. Since 2007, we have verified the GHG emissions inventory of in accordance with this standard. Currently, this verification includes the emissions of Refining, Chemistry, and Exploration and Production operated assets, which represents more than 99% of the Company's emissions.
CDP logo

Our globally-recognized work

CDP recognizes the companies with the best energy and carbon management systems. Since 2006, we have been classified as one of the best companies in our sector.

Our presence in this and other sustainability indices is proof of our ability to gain the trust of institutional investors that consider sustainability to be a good indicator of the quality of management and governance in a certain company. It also represents recognition of our commitment to transparency.