- Risk of double-counting CO2e emissions in Scope 3 accounting based on sales.
- Uncertainty in oil and gas prices and refining margins.
- Managing water needs for industrial facilities undergoing transformation.
Repsol
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 176.8 Mt CO2e |
| 2020 | 22.0 Mt CO2e |
| 2017 | 22.9 Mt CO2e (Scope 1 and 2) |
| 2016 | 24.9 Mt CO2e (Scope 1 and 2) |
| 2015 | 2.1 million tons CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 42% reduction in Scope 1+2 emissions in 2023 through portfolio optimization, energy efficiency, methane emission reduction, and reduced gas flaring.
- Achieved 0.2% methane intensity by 2025 (two years ahead of schedule) for operating E&P assets.
- Obtained Gold Standard from UNEP for methane emissions reporting.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce freshwater withdrawal by 5% in 2026 and up to 10% in 2030 at Marcellus E&P asset.
📅 Medium-term
- Reduce freshwater withdrawal by 30% by 2035 at Iberian Peninsula industrial facilities.
- Achieve net-zero freshwater consumption by 2035 at Marcellus E&P asset.
🌱 ESG Focus Areas
DecarbonizationRenewable FuelsHydrogenBiomaterialsCorporate GovernanceBiodiversityWater ManagementMethane Emissions