Galp Energia SGPS SA
Galp Energia EU Taxonomy Data Preview
In 2024, Galp Energia was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Galp Energia has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Galp Energia are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy 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 Revenues from Sustainable Activities
In 2024, Galp Energia reported EU Taxonomy-eligible revenues of EUR 122.16 million, representing 0.6% of its total turnover. Of this amount, EUR 122.16 million of Galp Energia's revenues was classified as EU Taxonomy-aligned, indicating that 0.6% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Galp Energia's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Galp Energia's revenues become more sustainable over time?
Since 2022, Galp Energia's taxonomy-aligned revenues increased by 20%, reflecting a sustained upward trend in environmentally sustainable revenue generation.
Compared to the previous year (2023), Galp Energia's taxonomy-aligned revenues decreased by 45.45% , suggesting that Galp Energia may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.
How much of Galp Energia's revenue is eligible under the EU Taxonomy?
In 2024, Galp Energia reported that EUR 122.16 million of its revenue was eligible under the EU Taxonomy, representing 0.6% of the company's total turnover. Of this amount, EUR 122.16 million (0.6% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Galp Energia's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of Galp Energia's eligible revenue is aligned with the EU Taxonomy?
In 2024, Galp Energia reported that EUR 122.16 million of its revenue was aligned under the EU Taxonomy, representing 0.6% of its total turnover.
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Galp Energia's Eligibility & Alignment Overview
Galp Energia's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Galp Energia's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Galp Energia reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 0.6%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Galp Energia earn from selling climate-related solutions ?
In 2024, Galp Energia reported that EUR 127.87 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 0.6% of the company's total revenue, indicating that Galp Energia has limited exposure on solutions that support climate action through its commercial activities.
Insights into Galp Energia's CAPEX from Sustainable Activities
In 2024, Galp Energia reported EU Taxonomy-eligible CAPEX of EUR 277.73 million, representing 18% of its total CAPEX. Of this amount, EUR 277.73 million of Galp Energia's CAPEX was classified as EU Taxonomy-aligned, indicating that 18% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Galp Energia's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Galp Energia's increased its investment in sustainable activities over time?
Since 2022, Galp Energia's taxonomy-aligned capital expenditure (CAPEX) decreased by 46.27%, indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.
Compared to the previous year (2023), Galp Energia's taxonomy-aligned CAPEX decreased by 2.7%, suggesting that Galp Energia may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of Galp Energia's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Galp Energia reported that EUR 277.73 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 18% of the company's total CAPEX. Of this amount, EUR 277.73 million (18% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Galp Energia's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Galp Energia's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Galp Energia reported that EUR 277.73 million of its CAPEX was aligned under the EU Taxonomy, representing 18% of its total capital investment.
This moderate level of alignment indicates that Galp Energia is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Galp Energia's Eligibility & Alignment Overview
Galp Energia's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Galp Energia's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Galp Energia reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 17.7%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0.2%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Galp Energia is investing in climate-related solutions?
In 2024, Galp Energia allocated EUR 273.11 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 17.7% of the company's total capital expenditure, indicating that Galp Energia is moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.
Insights into Galp Energia's OPEX from Sustainable Activities
In 2024, Galp Energia reported EU Taxonomy-eligible OPEX of EUR 10.44 million, representing 3.7% of its total operating expenses (OPEX). Of this amount, EUR 10.44 million of Galp Energia's OPEX was classified as EU Taxonomy-aligned, indicating that 3.7% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Galp Energia's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have Galp Energia's increased its spending in sustainable activities over time?
Since 2022, Galp Energia's taxonomy-aligned operating expenditure (OPEX) increased by 640%, pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.
Compared to the previous year (2023), Galp Energia's taxonomy-aligned OPEX increased by 94.74%, highlighting Galp Energia's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.
How much of Galp Energia's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Galp Energia reported that EUR 10.44 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 3.7% of the company's total OPEX. Of this amount, EUR 10.44 million (3.7% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Galp Energia's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Galp Energia's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Galp Energia reported that EUR 10.44 million of its OPEX was aligned under the EU Taxonomy, representing 3.7% of its total operational expenditure.
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Galp Energia's Eligibility & Alignment Overview
Galp Energia's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is Galp Energia's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Galp Energia reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 3.7%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of Galp Energia's operational budget supports climate-related solutions?
In 2024, Galp Energia allocated EUR 10.43 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 3.7% of the company's total OPEX, indicating that Galp Energia has only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.