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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.

Campus building facade

We aspire to become a net zero emissions company by 2050

We are working to become 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 the sector in order to reach our target of reducing emissions. In order to do this, we rely on four major pillars of decarbonization, implemented in different lines of action.

Eficiencia energética

We believe in operational excellence

Operational excellence in all our operations allows us to reduce GHG emissions through measures aimed at energy efficiency and methane emissions reduction, among others.

Learn more about energy efficiency
Generación renovable

We generate renewable electricity

We are evolving towards a low-emission energy model through our participation in renewable energy projects.

Learn about low emissions businesses
Combustibles sostenibles

We develop new renewable fuels

We provide solutions for sustainable mobility and other emission reduction alternatives, such as biogas and renewable hydrogen.
CCUS

We capture, use, and store carbon

We support new avenues for Carbon Capture, Use, and Storage (CCUS) technologies.

Learn more about new technological developments

Other lines of action that support decarbonization

Carbon pricing

Carbon pricing

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

Sustainable finance

Comprehensive sustainable financing strategy to advance the commitment to net zero emissions.
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Circular economy

Our more than 320 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 initiatives and associations in the energy sector aimed at applying the sustainability principles.

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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| 5.9 KB
Solar panels on the roof of the Tech Lab

Collaborative platform

Along with seven of the sector's leading companies, we developed six principles as a collaboration commitment to the energy transition.

See the principles |PDF| 246 KB >
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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
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Committed to transparency

We've published an archive with our annual sustainability reports as well as reports on associations and initiatives with relevant information on our operations.

Report archives
Numerous people holding up a globe

Our position on climate change

Learn about the five principles that define our climate policy positions.

See more
Repsol wind turbine

We support the TCFD recommendations

As of the 2017 Integrated Management Report, the structure of the climate change section has been adapted to the TCFD recommendations.

Learn more

Committed for more than 25 years

We have been immersed for years in a process of transformation and diversification of our businesses, with the aim of working to lead the energy transition, through actions such as support for the Kyoto Protocol, issuing a green bond, or 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

More information on sustainability

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Climate change partnerships

View climate change alliances
A wind turbine with Repsol's logo

Sustainability Policy

More about the policy
Elena solar farm in Chile

Environmental Policy

Learn more