Galp Energia
Galp Energia is a publicly listed fully integrated oil and gas company, headquartered in Portugal. In 2020, it had USD 13.90 billion in revenue and a reported 6,114 employees.* The company’s upstream projects in the Santos Basin in Brazil and the Rovuma Basin in Mozambique are two of the largest oil and natural gas discoveries of the last decades.
- Ranking position
- #9 /100
- Total score
- 36.4 /100
- Performance score
- 4.3 /20
- Narrative Score
- ABCDE
- Trend Score
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- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
Risks and opportunities
Trend
Galp receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. Although the company aims to achieve carbon neutrality by 2050, the rate at which Galp’s future scope 1 and 2 emissions intensity is projected to decrease between 2019 and 2024 is still not aligned with the company’s 1.5°C pathway.
Future investments in biofuels, renewable electricity, green hydrogen and electric mobility projects, substantiated by disclosure of the deployment schedule and profitability of these business activities, will further aid in improving the company’s alignment with its 1.5°C pathway.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Lisbon, Portugal
- Group revenue
- EUR 11.38 billion (USD 13.90 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 6,114
- Scope of activity
- Fully integrated
- Website
- https://www.galp.com/corp/en/