Galp
Galp Energia, commonly known as Galp, is a prominent energy company headquartered in Lisbon, Portugal (PT). Founded in 1999, Galp has established itself as a key player in the oil and gas industry, with significant operations across Europe, Africa, and South America. The company focuses on exploration, production, refining, and distribution of oil and natural gas, alongside a growing commitment to renewable energy solutions. Galp's core offerings include petroleum products, natural gas, and electricity, distinguished by their emphasis on sustainability and innovation. Notably, Galp has made strides in reducing its carbon footprint, positioning itself as a leader in the transition to cleaner energy. With a robust market presence and a commitment to responsible energy practices, Galp continues to achieve significant milestones in the evolving energy landscape.
DitchCarbon Score
How does Galp's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Galp's score of 74 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Galp's reported carbon emissions
In 2024, Galp reported total carbon emissions of approximately 45,870,544,000 kg CO2e, with Scope 1 emissions at about 3,128,177,000 kg CO2e, Scope 2 emissions at approximately 8,820,000 kg CO2e, and Scope 3 emissions reaching about 42,717,945,000 kg CO2e. This represents a slight increase from 2023, where total emissions were about 42,596,960,000 kg CO2e, with Scope 1 at approximately 3,013,837,000 kg CO2e, Scope 2 at about 9,848,000 kg CO2e, and Scope 3 at around 39,547,268,000 kg CO2e. Galp has set ambitious climate commitments, aiming to reduce its absolute emissions from operations by 40% by 2030 compared to 2017 levels, specifically targeting both Scope 1 and Scope 2 emissions. Additionally, the company has announced a more aggressive target to cut these emissions by 50% by 2030. Furthermore, Galp aspires to achieve net zero emissions across all scopes by 2050, aligning with broader EU and Portuguese government commitments. The company is also focused on reducing its carbon intensity, with plans to lower the carbon intensity of energy produced by 40% by 2030 compared to 2017 levels. Galp's initiatives include reorganising operations to enhance efficiency and reduce emissions, particularly at its Sines refinery, which is expected to see a significant reduction in emissions by 2030. Overall, Galp's comprehensive approach to emissions reduction reflects its commitment to sustainability and climate responsibility, positioning the company as a proactive player in the energy sector's transition towards a low-carbon future.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,978,216,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 228,035,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 58,565,983,300 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Galp is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
