Understand and conserve water resources
Galp conducts an annual water risk screening of its operated sites using various tools and frameworks, including the Taskforce on Nature-related Financial Disclosures (TNFD), the Exploring Natural Capital Opportunities, Risks and Exposure (ENCORE), the Science-Based Targets for Nature (SBTN) Materiality Screening, WRI Aqueduct Water Tool, and WWF Water Risk Filter.
As of 2024 water risk screening, 35% of Galp’s operated sites were in areas with high or extremely high overall water risks. This is largely attributable to their location in Iberia, where physical water quantity risk (particularly water stress) is prevalent. Sines refinery was identified as a priority hotspot.
Although the Commercial business is not typically associated with significant water-related impact, it includes most of Galp’s operated sites located in water stress regions in Iberia. Despite accounting for less than 9% of Galp’s total freshwater withdrawal volume, improving water efficiency is a priority - in service stations owned and operated by Galp in Iberia, all new or revamped service stations with car-wash stations will use water recycling systems.