- Persistent global challenges, including geopolitical conflicts and energy price volatility.
- Adverse impact of the windfall tax levied on energy companies.
- Uncertainty around regulations, social demand and technology.
- Increasing volatility of commodity prices.
- Disruption to shipping routes due to armed groups harassing commercial vessels in the Red Sea.
Compaiiia Espanola de Petroleos, S.A. and Subsidiaries
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Compaiiia Espanola de Petroleos, S.A. and Subsidiaries disclosed greenhouse gas emissions of 4.9 million tCO2eq (Scope 1 & 2) and 58.0 million tCO2eq (Scope 3) in 2023. 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.
GHG Emissions
4.9 million tCO2eq (Scope 1 & 2) and 58.0 million tCO2eq (Scope 3) in 2023
2023
Water Usage
15.2K thousand m3 in 2023
2023
Waste
70.9% recovered in 2023
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 4.9 million tCO2eq (Scope 1 & 2) and 58.0 million tCO2eq (Scope 3) in 2023 |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 carbon emissions at an operational level by 55% by 2030 compared to 2019.
- Reduced the carbon intensity of the energy sold by between 15% and 20% by 2030 compared to 2019.
- Commissioning of an ultrafiltering and reverse osmosis plant at the San Roque Energy Park to reuse 20% of discharged water and reduce municipal water withdrawal by more than one million m3.
- 125 thousand tonne increase in Energy Parks’ bio-material co-processing capacity.
- Sale of first shipments of HVO from La Rábida Energy Park.
- First energy firm in Europe to operate a hybrid diesel-electric bunker barge for shipping fuel (reducing fuel consumption by 30% and carbon emissions by 35%).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 GHG emissions by 55% by 2030 (from 2019 baseline).
- Reduce carbon intensity of energy sold by 15-20% by 2030 (from 2019 baseline).
📅 Medium-term
- Generate more than half of EBITDA from sustainable green businesses by 2030.
- Develop a portfolio of 4.5 GW of renewable solar and wind power by 2030.
🔭 Long-term
- Achieve net-zero emissions before 2050.
🌱 ESG Focus Areas
Climate ChangeEnvironmentSocialGovernanceCircular EconomySupply ChainHuman RightsCommunity InvestmentWorkforce DiversitySafety