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2021 INTEGRATED MANAGEMENT REPORT
SCOPE 1 AND 2 CO2 EMISSIONS IN 2021 AND THE PERIOD 2017-2021
At Cepsa we use metrics to monitor climate change management and risks.
We include financial parameters for the transition to sustainable products in our financial impact calculation model, following the sustainable taxonomy and in line with climate change mitigation.
SCOPE 1 AND 2 EMISSIONS
We certify our carbon footprint annually under the ISO 14064 standard for our facilities in Spain and our upstream assets.
Scope 1 and 2 greenhouse gas emissions in 2021 accounted 5,831 thousand tCO2eq, which was 2% higher than in the previous year. The impact of the global COVID-19 pandemic reduced our refining activities in 2020. We have almost fully recovered pre-pandemic levels in 2021, explaining this increase.
As regards the distribution by business, the Refining Unit still accounts for most of our emissions, at 51%, followed by Gas & Power, Chemicals and Exploration & Production.
3.1.5 Climate change metrics
90%
10%
Scope 2 Scope 1
10,000
5,000
6,841
2017 2018 2019 2020 2021
6,364 6,880
5,727 5,831
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Scope 1 and 2 CO2 emissions in 2021 Trend in the company's CO2 emissions (Scope 1 and 2) in the period 2017-2021**
** Five-year historical reporting has forced us to recalculate emissions in business divisions such as Exploration & Production, using the same operated asset scope as under IOGP criteria. The reporting methodology is ISO-certified. The values reported here may differ from values published under EU ETS and other carbon schemes, as well as from the carbon footprint report under ISO 14064 due to the different reporting time span. Emissions from distribution and supply (CBSR and EESS) activi- ties are calculated using ISO 14064 methodology but are not reported as they do not reach the 5% materiality level.
Expressed in thousands of CO2-equivalent tonnes.
Expressed in thousands of CO2-equivalent tonnes.
