83

Regarding scope 3 emissions or indirect emissions, we have achieved a reduc- tion of 2% in CO2 emitted by our activities versus 2016, despite having included this year a new category not contemplated

previously which has been verified during this year, specifically the emissions gen- erated by business travel, employee com- muting and the energy consumed at the Cepsa Tower as assets leased upstream.

gREENHOUSE gAS EmISSIONS. SCOPE 3.* (Thousands of tonnes of equivalent CO2)

2017

2016

2015

58,467

57,202

57,155

We manage the volume of gHg based on the level of activity at the plants gener- ating them; this is what we call intensity of emissions. Due to the great diversity of our industrial activities, the intensity of emissions is calculated based on dif- ferent variables that are characteristic

of each of the businesses. To date, to have this information available for the entire company we use the Net Income after taxes (CLEAN CCS NIAT). However, from HSEQ (Health, Safety, Environment, Quality) we are evaluating a global Car- bon Index for all units.

Intensity of emissions by business units

2017 ANNUAL AND CORPORATE RESPONSIbILITy REPORT

* Non-audited data.