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 GHG Emissions Data Preview

In 2023, Galp Energia completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Galp Energia has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Galp Energia amounted to 3,001,590 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Galp Energia decreased by 13.04%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Galp Energia's Scope 1 Emissions Over Time

201920202021202220230950 k1.9 M2.85 M3.8 MtCO2e-4%-11%+8%-13%
  • Total Scope 1
  • Year-over-Year Change

What are Galp Energia's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Galp Energia were 2,991,742 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Galp Energia reduced its Scope 1 emissions over time?

Since 2019, Galp Energia's Scope 1 emissions have decreased by 20.13%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Galp Energia's Scope 1 emissions decreased by 13.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Galp Energia's Scope 2 emissions?

In 2023, Galp Energia reported Scope 2 greenhouse gas (GHG) emissions of 9,848 tCOâ‚‚e using the market-based method.

Has Galp Energia reduced its Scope 2 emissions over time?

Since 2019, Galp Energia's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 91.25%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Galp Energia's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Galp Energia 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Galp Energia use for Scope 2 reporting?

In 2023, Galp Energia reported its Scope 2 emissions using the market-based method.

Galp Energia's Scope 2 Emissions Over Time

20192020202120222023030 k60 k90 k120 ktCO2e
  • Total Scope 2 Market-Based

Insights into Galp Energia's Value Chain Emissions

In 2023, Galp Energia reported 42,137,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Galp Energia includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Galp Energia's Scope 3 Emissions Over Time

20222023015 M30 M45 M60 MtCO2e-9%
  • Total Scope 3
  • Year-over-Year Change

What are Galp Energia's Scope 3 emissions?

In 2023, Galp Energia reported total Scope 3 emissions of 42,137,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 12.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 87.63% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Galp Energia's Scope 3 emissions remained relatively stable, indicating that Galp Energia 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Galp Energia disclose?

In 2023, Galp Energia reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Galp Energia's Scope 3 emissions?

In 2023, the largest contributors to Galp Energia's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 35,160,000 tCOâ‚‚e (84.81%)
  • Purchased Goods and Services (Cat. 1): 4,160,000 tCOâ‚‚e (10.03%)
  • Processing of Sold Products (Cat. 10): 1,170,000 tCOâ‚‚e (2.82%)

Galp Energia's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(2.8%)Use of Sold Products(Cat. 11)(84.8%)Purchased Goods andServices (Cat. 1)(10.0%)

Insights into Galp Energia's Total Carbon Footprint

In 2023, Galp Energia reported a total carbon footprint of 45,138,590 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.17% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Galp Energia's total carbon footprint was Scope 3 emissions, accounting for 93.35% of the company's total carbon footprint, followed by Scope 1 emissions at 6.63%.

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