Galp supports the Task Force on Climate-related Financial Disclosures

Galp committed to energy and climate challenges

“Galp, as an integrated energy player, is committed to provide energy in an efficient and sustainable manner. Aware of the challenges that climate change represents, Galp affirms its commitment to support the voluntary recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD).”

Carlos Gomes da Silva, Galp 's CEO

Apart from fulfilling our climate change policy, this is a powerful demonstration of Galp’s commitment to promote a more balanced relation between satisfying energy needs and minimising our activity’s carbon intensity, ensuring transparency around climate-related information that will facilitate more informed business and investment decision-making.

Galp is committed to:

  • Invest in new technologies, processes and solutions (integrated and SMART), in order to improve the efficiency of own and third-party activities, reducing the energy intensity and GHG emissions, promoting a low-carbon economy in the O&G sector and in other sectors of the economy;
  • Include the carbon price in decision-making, particularly in new investments, in order to reduce risks and maximize associated opportunities;
  • Promote the concept of life cycle to identify opportunities, maximize energy efficiency and minimize the carbon footprint of activities and products.

Galp supports the prosecution of a global and effective agreement. In this way, we will continue to contribute constructively to the development of appropriate measures to overcome the climate and energy challenges, seeking a sustainable commitment and supporting the adoption of a carbon-reduction strategy based on a single emissions market, cost-effective and long-term sustainable, shared worldwide and transparent to the society.