Galp Energia SGPS SA

Common Name
Galp Energia
Country
Portugal
Sector
Energy
Industry
Oil & Gas Integrated
Employees
6,715
Ticker
GALP
Exchange
EURONEXT
Description
Galp Energia SGPS S.A. is a leading energy company headquartered in Lisbon, Portugal. It predominantly operates in the oil and gas sector, playing a crucial role in the exploration, production, refini...

Galp Energia's Climate Target Data Preview

As of 2024, Galp Energia has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Galp Energia ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Energy Produced
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2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Energy Sold
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Galp Energia's Greenhouse Gas Emissions Pathways

As of 2024, Galp Energia has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Galp Energia have a target to reduce the emissions from its operations?

As of 2024, Galp Energia has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Galp Energia's most ambitious operational target is to reduce these emissions by 40% by 2030, compared to a baseline of 4,305,555.556 Metric Tonnes of CO2 equivalent (mtCO2e) in 2017.

As of 2024, Galp Energia is ahead of schedule on its operational emissions reduction target, having achieved 70% of the planned reduction.

Galp Energia's Operational (Scope 1+2) Emissions Pathway

20172024203001.5 M3 M4.5 M6 MBaselineCurrent (-28%)Target 2030 (-40%)

Does Galp Energia have a target to reduce its total carbon footprint?

As of 2024, Galp Energia has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.

Galp Energia's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Energy Produced in 2017, by 40% by 2030.

As of 2023, Galp Energia is on track to meet its total carbon footprint reduction target, having achieved 47.5% of the planned reduction.

Galp Energia's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20172023203000000BaselineCurrent (-19%)Target 2030 (-40%)
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