Galp sustainability annual summary

Six Sustainability commitments You can review the commitments, objectives and performance of Galp in the economic, environmental and social dimensions here.
  • Countries | Nationalities
    11 | 49 Countries | Nationalities
  • RCA EBITDA
    1,869 €m RCA EBITDA
  • No. of employees
    6,389 No. of employees
  • Investment in the community
    5.7 €m Investment in the community
  • Investment in R&D
    +21 €m Investment in R&D
  • Fatalities | LTIF
    0 | 0,8 Fatalities | LTIF
  • Direct GHG emissions
    3,624,706 t CO₂e Direct GHG emissions
  • Volume of containment losses
    5.4 Volume of containment losses
  • Intensity of GHG in upstream (EP-Op | EP-NOp)
    316 | 69 t CO₂e/103t HC produced Intensity of GHG in upstream (EP-Op | EP-NOp)

Approach to sustainability

Sustainability, for us, is a crucial strategic asset for creating long-term business value.

We have defined a strategy supported by the development of a resilient E&P portfolio, integrated with an efficient and competitive downstream business, supported by innovative and differentiating solutions that promote the transition to a low carbon economy.

Using this, we have established six commitments that we incorporate into the economic, environmental and social dimension of our business.

Our materiality matrix

Our materiality matrix prioritises several key aspects taking into account the perspective of our stakeholders and the Organisation, in order to align corporate strategy and to reflect the commitment towards generating sustainable value.

We contribute to sustainable development goals through our commitments.

The Sustainable Development Goals (SDGs) adopted by the Member States of the United Nations in September 2015 succeed the Millennium Development Goals (MDGs), and establish the global agenda for development until 2030, by means of a set of goals to be achieved.

                    

Commitment I — Ethics and governance

To act in a responsible and ethical manner, ensuring best governance practices and transparency

Our objectives

  1. To manage risk in an integrated, strategic, financial, operational and compliant manner at every level of the Organisation;
  2. To ensure the existence, implementation and monitoring of instruments and policies that ensure action that is transparent, ethical, and in accordance with the applicable legislation or regulations;
  3. To integrate sustainability with the governance model and ensure long-term value creation, and to safeguard the interests and Investment of shareholders.

The key figures

  • women on the Board and Audit Board
    18% women on the Board and Audit Board
  • cases of Human Rights violations
    0 cases of Human Rights violations
  • women on the Board in 2019
    20% women on the Board in 2019

Commitment II - Stakeholders

To involve the community and other stakeholders by promoting shared value creation

Our objectives

  1. To ensure implementation of the stakeholder engagement process based on the Organisation's strategy, and external context and trends;
  2. To create shared value and measure the impact generated;
  3. To ensure the existence, implementation and monitoring of the instruments and policies that enable us to manage the commitments and relationship with our stakeholders;
  4. To ensure the existence, implementation and monitoring of instruments and policies that enable us to manage the commitments and relationship with our stakeholders;
  5. To ensure that all projects include a stakeholder engagement plan and include a social impact assessment;
  6. To honour the external commitments assumed, and to be active in society in the interest of sustainable development. 

We create shared value

Galp distributes and reinvests the value generated in human capital through the local communities and the supply chain, in partnership with all our stakeholders. 

The key numbers

  • Suppliers
    3,336 Suppliers
  • Local purchases
    >75% Local purchases
  • Hours volunteered
    42,500 Hours volunteered

Commitment III - Human Capital

To value human capital.

Our objectives 

  1. To ensure constant motivation and an awareness of mission, by promoting a sense of belonging and career prospects;
  2. To ensure the existence of training and development programmes that value human capital;
  3. To promote a culture of autonomy, accountability and meritocracy;
  4. To combat discrimination and promote equality and diversity;
  5. To promote local contracting, contributing to the development of communities. 

Our approach

Recruitment and reception

  • Integration of Galp values ​into the recruitment and reception processes;
  • Trainee programme (Generation Galp) with higher competitiveness and in line with market practices;
  • Relationship with universities through traineeships, thesis and incubators. 

Development and performance

  • Performance model, transversal and with reinforcement of the behavioural component based on values;
  • Differentiation of degrees of responsibility in achieving objectives;
  • Promoting a culture of continuous feedback;
  • Skills programme that recognises, tracks and develops skilled individuals in all positions throughout the Company and across all age groups. 

Learning and training

  • Focus on a real learning culture aligned with Galp's culture, values​ and strategic objectives;
  • Focus on a strategy based on learning and training methodologies that foster experience, and informal and social skills;
  • Strengthening the digital components of learning and training, with a view to developing new ways of working;
  • Defining personal development plans aligned with the expectations and motivations of individuals and the Company.

Recognition and reward

  • Meritocratic culture that rewards those who contribute most to achieving results;
  • Recognition programme to stimulate exceptional performance and promote involvement;
  • Comprehensive compensation strategy that values and emphasises all compensatory elements.

Systems and approaches to support

  • Strategy focused on learning and training methodologies that foster experience, and informal and social skills;
  • Reinforcement of digital learning components;
  • Personal development plans aligned with the needs of employees and the Company.

The key figures

  • Local contracting
    99% Local contracting
  • Training hours
    185,730 Training hours
  • Retention of trainees
    94% Retention of trainees

Commitment IV - Energy and climate

To contribute to the fulfilment of future energy needs and minimise the carbon intensity of activity

Our objectives

  1. To encourage research and development of solutions that minimise risk and maximise opportunities related to energy and climate;
  2. To promote energy efficiency and innovative solutions with the aim of reducing the carbon intensity of our activities;
  3. To plan and adapt to climate change, minimising operational risks resulting from extreme weather events.  

Our role in decarbonising the economy

We recognise the imperative to reduce the carbon intensity of our activities, products and services by developing solutions that minimise risk and maximise opportunities on the road to decarbonising the economy.

At Galp we promote a low carbon economy, and we are proactive in adapting, mitigating and managing climate change.

Commitments and initiatives in society

We position ourselves as active agents in society, foreseeing risks and identifying opportunities in relation to energy and climate. This ambition is recognised by our involvement in a set of international indexes, initiatives in which we participate and projects in which we invest, which position Galp at the forefront of discussions about climate change and energy efficiency issues.
 

The key figures

  • Sines refinery
    -9% Energy Intensity - EII Sines refinery
  • Matosinhos refinery
    -5% Energy Intensity - EII Matosinhos refinery
  • Sines refinery
    -17% Carbon Intensity - CO₂/CWT Sines refinery
  • Matosinhos refinery
    -15% Carbon Intensity - CO₂/CWT Matosinhos refinery
Variations referring to the period between 2013 and 2017

Commitment V - Safety, health and the environment

To ensure the protection of individuals, the environment and assets.

Our objectives

  1. To ensure adoption of Safety, Health and Environmental (HSE) and security policies and standards that ensure implementation of the commitment;
  2. To ensure ongoing management of HSE and security risks at installations, and in activities;
  3. To ensure legal compliance and adoption of leading practices at the design, operation and maintenance levels;
  4. To promote eco-efficiency, the preservation of biodiversity and the protection of soil and water resources;
  5. To promote the application of best available techniques and more efficient technologies;
  6. Zero accidents, personal, material, environmental and security. 

We deliver value by preserving the environment, valuing people and optimising assets.

Involvement with stakeholders

The relationship with stakeholders provides us with learning opportunities, shared value creation, greater proximity and trust, risk reduction and informed decision making.

Our main references:
AA1000 SES, UNEP, our policies and codes. 

Strategy

We are committed to continually improving performance, maximising the positive effect of our activities and reducing negative impact.

What guides us:

Sustainable Development Objectives, Global Compact, Circular Economy, COP21 Objectives, Energy and Climate Challenges.

Life cycle management

We guarantee sustained decision-making

By integrating requirements to protect the environment, people and assets into the decision-making process, throughout the life-cycle. 

 

Management system

They fulfil our commitment to ensure operational excellence.

Governance model
Robust and based on the principle of accountability, supported by control and monitoring tools, enhancing decision-making agility and results effectiveness.

Response to stakeholder

\We communicate our performance transparently, focused on key topics.

Our main references:
IIRC, GRI Standard, CDP, GHG Protocol, IOGP, Task Force on Climate-related Financial Disclosures

The key figures

  • Raw water consumption
    10.8 km³ Raw water consumption
  • Process safety event rate
    0.23 | 0.47 Tier 1 | Tier 2 Process safety event rate
  • Recovered waste
    29% Recovered waste

Commitment VI – Innovation

To promote innovation, research and technological development.

Our objectives

  1. To promote a culture of innovation throughout the Organisation;
  2. To facilitate a network using the academic and scientific resources available;
  3. To ensure the integration of research and development practices into the Company’s strategic formulation and its business model;
  4. To disseminate knowledge and new trends in the energy sector, contributing to considerations about the diversification of Galp's business portfolio. 
 

The circular economy as a decarbonisation vector

Galp believes that innovation, research and development are key for the production of energy in a safe, viable and competitive manner.

We take an active and responsible role in promoting a collaborative model that promotes the circular economy for economic development, based on the generation of sustainable value.

 

Our projects

RoadFix Cork Project.

Originated in urban solid waste and incorporation as natural gas for vehicles.

CO2 reduction potential > 73% vs Diesel
(€3.9 m from 2017/18)

From waste raw materials - ENERFUEL.

CO2 reduction potential > 83% vs Diesel
(€1.5 m from 2017/18)

Removed in fuels purification processes as a commercial product.

Recovery of 69,988 ton of sulphur.

For use in the cement industry - pilot-project.

Potential for reuse of 1200 ton/year of catalyst

As fuel in cement kilns - pilot-project.

Potential for recovery of 1500 ton/year of sludge.

The key figures

  • R&D investment between 2018-2022
    100 €m R&D investment between 2018-2022
  • in 11 years
    213 Galp 21 Scholarships in 11 years
  • CO₂ capture projects in E&P
    6 CO₂ capture projects in E&P

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