Carbon Metrics

Galp contributes to the development of appropriate measures to overcome the energy and climate challenges.

Every year, Galp monitors the carbon footprint of its activity and value chain, including the scopes 1, 2 and 3.

We are committed to the integral analysis of our activity and value chain emissions, including not only direct emissions from our operations (scope 1), but also the indirect emissions from the electricity we have acquired (scope 2) and our value chain activities (scope 3).

We monitor our carbon footprint on a regular and systematic basis, and we take its evolution into account when defining our strategy, objectives and goals.

In 2018, Galp reviewed the methodology for calculating the carbon footprint, promoting a more transparent mapping and reporting of the indirect emissions, including more emissions from scope 3, such as: purchased goods and services, logistics activities, business travels, processing of sold products, use of sold products and investments. This update is in line with the best practices applicable to the Oil & Gas sector, as well as the materiality analysis of the emission sources.

Carbon footprint

Emissions resulting from our activity and value chain in 2018

Methodological notes:

t CO₂e - tonnes of carbon dioxide equivalent.

Galp's carbon footprint is calculated on an annual basis using the methodological framework established by The Greenhouse Gas Protocol – Corporate Accounting and Reporting Standard, supplemented by the relevant industry adaptation promoted by the International Petroleum Industry Environmental Conservation Association (IPIECA) – Compendium of Greenhouse Gas Emissions Methodologies for the Oil and Gas Industries.

The following assumptions must be taken into account:

1) The Global Warming Potential (GWP) for 100-year time horizon were considered. Source: IPCC Fourth Assessment Report (AR4)

2) Includes total emissions of Flaring Gas (Routine and Non-Routine).

See our carbon footprint in more detail in Galp’s environmental performance indicators

Carbon intensity

In line with industry best practices, Galp presented for the first time a carbon intensity metric adapted to its value chain and applicable to all business segments.

The carbon intensity was calculated considering the emissions from its activities, including the scopes 1, 2 and 3 mentioned above, and the energy marketed by the various business segments, namely crude oil, natural gas, liquid fuels, biofuels and electricity.

This metric allows us to respond to the challenge of reducing carbon emissions from Galp's activity within the context of expanding its activities, but also to the challenge of society, which in the future will consume more energy with less carbon.

We seek to reduce our carbon footprint and carbon intensity in its different scopes. In our direct emissions, by promoting energy efficiency in our operations, integrating new processes, and better technologies that minimize atmospheric emissions. In our indirect emissions, we are committed to purchase electricity exclusively from renewable sources in our operations in Portugal, by 2021.

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