We believe that in order to respond to substantive matters, it is essential to understand their dynamic character and the context in which they assert themselves. Therefore, we maintain a network for cooperation, sharing, understanding and knowledge development, which benefits from advantages of scale by centralizing common processes that would otherwise have to be reproduced within the structures of the various associates.
With an update context information, we influence the business strategy to adopt best practices and to define ambitious targets towards continuous improvement. Galp is positioning for the future of energy, integrating energy transition across all business units. In order to tackle this challenge and other material issues identified by Galp, we maintain an active network of cooperation, sharing, understanding and knowledge development, participating in various industry associations in different business segments. These engagements are particularly relevant, namely in those whose mission is related to NG/LNG, development of renewable power generation, improvement of asset efficiency, development of lower to no carbon fuels, CCS, etc. aligned with our strategic guidelines.
The fast transition to a sustainable development paradigm implies that companies reflect on the commitments they subscribe to, as well as the associations they join and participate in. Galp carries out an analysis of the main associations in which it participates regarding their climate positioning. The evaluation has the main goals of identifying the sector associations that are aligned with Galp's Purpose, Vision, Mission and Values, with respect to sustainable development and thus to the Paris Agreement and the European Climate Law.
We selected and analysed 20 associations that represent about 75% of Galp's contribution to associations in 2020. Of the 20 associations analysed, we concluded that, according to our criteria (Paris Agreement, the European Climate Law and Galp's Purpose, Vision, Mission and Values) 18 are aligned, 2 are partially aligned, and none are misaligned.
Learn more about Galp's Participation in Industry Associations - Climate Change.