Repsol
Repsol is a publicly listed integrated oil and gas company headquartered in Spain. In 2020, it had USD 42.70 billion in revenue and reported 24,125 employees*. Repsol plans to scale up its renewables, hydrogen and biofuels businesses. However, it has had little progress in reducing its emissions intensities to date and has not yet committed to stop exploring for new oil and gas fields.
- Ranking position
- #7 /100
- Total score
- 38.1 /100
- Performance score
- 5.0 /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
Repsol receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. Continuation of the company’s 2014-2019 trend would see its scope 1 and 2 emissions intensity increase and its scope 1, 2 and 3 emissions intensity decline only marginally. This would be insufficient for the company to align with its 1.5°C pathway.
However, Repsol does have a detailed transition plan to develop renewables, hydrogen and biofuels, supported by a commitment to invest 30% of its CapEx in low-carbon technologies between 2021 and 2025. Its recent acquisition of a 40% stake in Hecate Energy, which has a large portfolio of solar energy and battery storage under development, indicates its focus on the low-carbon transition.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Madrid, Spain
- Group revenue
- EUR 34,963,000,000 (USD 42.70 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 24,125
- Scope of activity
- Fully integrated
- Website
- https://www.repsol.com/en/