CHAPTER 3 We advance in sustainable performance

72

CO2 EMISSIONS (SCOPE 1 AND 2) TREND 2017-2021

Emission intensity in the Chemicals business has stabilised during this year, despite a shutdown period in Puente Mayorga to update technology. Likewise, refining is stabilized at an emissions intensity ratio that shows the continuity of efficiency and optimisation measures in the operation. Emissions intensity has been reduced in our Exploration & Production business, driven by the exit of South East Asia assets from our portfolio, as well as the implementation of energy efficiency and electrification projects in this business.

0.50

0.40

0.30

0.20

0.10

0.00

0.23

0.17 0.15 0.16

0.15 0.15

0.15

0.13 0.10

0.15 0.16

0.25 0.26 0.26 0.28

2017 2018 2019 2020 2021

* The unit used for the Refining business is thousands of tonnes of processed crude oil and renewable feedstock, while in the Chemicals business it is thousands of tonnes of processed feedstock and in the E&P business it is thousands of tonnes of Oil & Gas produced.

* We do not include the emission intensity for the G&P business, since emissions are associated with the transformation of primary energy into final energy and we have no capture activities so the ratio is constant.

* Further information on the company's greenhouse gas emissions can be found in the indicators appendix included in this report.

Expressed in thousands of tonnes.

SCOPE 1 AND 2 CO2 EMISSIONS BY BUSINESS

GREENHOUSE GAS EMISSION INTENSITY 2017-2021 IN CEPSA. DISTRIBUTION BY BUSINESS

1,643

1,059

178

2,951

Exploration & Production

Refining

Gas & Power

Chemicals

APPENDIX 4.5. Climate change

management

Refining

Chemicals

Exploration & Production

Expressed in thousands of tonnes.