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CHAPTER 7 Cepsa and the environment Climate change · Water

In 2015, the increase in the assets of the Exploration and Production area, combined with the increased produ- ction in petrochemical plants both in

Spain and in Canada, has resulted in an increase in scope 1 and 2 emissions. This rise has also been influenced by the start-up of the new Shanghai plant.

EMISSION INTENSITY BY BUSINESS UNIT

We calculate emission intensity in the Exploration and Production area al- though, given the different nature of the assets, energy consumption and therefore the generation of green- house gases cannot be correlated with production. We calculate the ratio of our total emissions (scope 1 + scope

2) with respect to the adjusted net a- ttributable profit (CLEAN CCS NIAT) to estimate an intensity for our entire business. However, given the disparity of the business units, despite belon- ging to the energy industry, this indica- tor is not comparable to other sectors.

The energy efficiency measures imple- mented during 2015 have resulted in a reduction of 42,339 tonnes of CO2eq in

the Refining and Petrochemicals busi- nesses and this improvement is re- flected in emissions intensity.

2015 2014 2013 Exploration and Production (t CO2 equivalent / t oil and gas)

0.162 0.110 0.066

Refining(6) (t CO2 equivalent / t crude oil processed)

0.216 0.230 0.216

Petrochemicals(7) (t CO2 equivalent / t production)

0.257 0.286 0.291

Total emissions (t CO2 equivalent / Clean CCS NIAT, )

0.0115 0.0148 0.0177

(6) Scope 1 +2 emissions for the Refining ratio include cogeneration emissions associated with the refining plants.

(7) Scope 1 +2 emissions for the Chemicals ratio include cogeneration emissions associated with the refining plants.