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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
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

20.6 / 100 #11

Material Investment

7.9 / 100 #45

Intangible Investment

0.0 / 100 #20

Sold products

16.1 / 100 #7

Management

57.8 / 100 #10

Supplier Engagement

27.5 / 100 #17

Client Engagement

35.0 / 100 #13

Policy Engagement

38.0 / 100 #22

Business Model

10.0 / 100 #27

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

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/