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Climate change

Our commitment to fighting climate change

More than 25 years in the fight against climate change

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We are the first company to take on the commitment of reaching net zero emissions by 2050, and we continue working toward the goal of limiting the increase of the average global temperature to 2°C, in line with the Paris Summit and the UN Sustainable Development Goals.

Josu Jon Imaz

" We are aligning our business plans with the objectives of the energy transition through specific plans aimed at progressively reducing our carbon intensity in the coming decades."

Josu Jon Imaz, Repsol CEO

Our actions against climate change

Our objectives

2020 objective: Reduce our carbon intensity by 3% compared to 2016
2018-2025 Emissions Reduction Plan: Reduce 3 Mt CO2e
2025 objective: Reduce the intensity of methane emissions in our operated assets by 25% compared to 2017
2025 objective: Reduce routine flaring in our operated assets by 50% compared to 2018
2025 objective: Increase our capacity to generate low-carbon electricity to 7,500 MW

Advancing in our commitment to reduce emissions

We support the Paris Climate Agreement, focus on natural gas, and strive day after day to improve our energy efficiency. We are also the first Oil & Gas company to issue a certified green bond to fund energy efficiency projects to reduce emissions.
  • Reducción emisiones

    Emissions reduction

    5.1 Mt CO2e reduced

    between 2006 and 2019.

  • Apuesta por el gas

    Focused on gas

    71% of our total

    proved reserves are gas.

  • Bono verde certificado

    Green Bond Certificate

    €500 M will be allocated to energy efficiency and low-emissions technology projects.
Water droplets on a leaf

Committed to transparency

Since 2007, we have been verifying the GHG emissions inventory of our Refining, Chemistry, and Exploration and Production operated assets according to the ISO 14064 international standard, which establishes the requirements for designing and elaborating GHG inventories and stipulates how reductions in emissions must be quantified and reported.

99% of our direct and indirect emissions are verified in accordance with the EU-ETS or ISO 14064.

Marine platform with the CDP logo

Our globally-recognized work

CDP created the largest global database used by investors as reference to evaluate the leading corporations' results in energy and carbon management. As of today, we are among the 26% of the companies that have reached the leadership scoring band in the Oil & Gas sector, surpassing the average score of European companies and the average in the sector.

Our presence and rating in this sustainability index and others is proof of our ability to gain the trust of institutional investors and recognition for our commitment to transparency.