Repsol S.A.

OTC: REPYY33Laggard· Provisional

0 followersOil & gas·Madrid, Spain·Founded 1987

www.repsol.com

Spanish integrated oil company claiming a multi-energy transition including wind and solar, but remaining substantially dependent on fossil fuel refining and upstream production with contested net-zero targets.

33/100

Laggard· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: highData confidence: high

Why it's on ClimateTicker

Repsol markets itself as a multi-energy transition leader with growing wind, solar, and low-carbon fuel investments, but its core business remains overwhelmingly fossil-fuel-dependent — a Spanish court found in 2025 that its sustainability advertising was misleading because over 99% of its business was still tied to fossil fuels. Investors should treat Repsol as a laggard with real but incremental transition activity, not as a genuine climate solutions provider.

laggardRepsol generates revenue primarily through integrated oil and gas operations — upstream exploration and production, refining, and retail fuel/energy supply across more than 20 countries — with a secondary and growing segment in renewable electricity generation (wind, solar, hydro) and low-carbon fuels.

Commitments & Certifications

CDP: Disclosed — score not publicly confirmed for 2024 cycle ↗other: MSCI ESG Rating: AA (2024) ↗other: FTSE4Good: Member since 2011 ↗SBTi: Not validated — ineligible under current SBTi oil & gas pause policy ↗

Controversy & Greenwashing Watch

highSpanish Court Rules Repsol Ads Misleading — Greenwashing Finding

On 21 February 2025, Santander Commercial Court No. 2 found that multiple environmental claims on Repsol's website and advertising campaigns were misleading and constituted unfair competition under Spanish law, because they gave the false impression Repsol was a sustainable company despite over 99% of its business being fossil-fuel-linked.source ↗

mediumContinued Upstream Oil & Gas Expansion Alongside Green Claims

Repsol's 2026–2028 strategic plan increases upstream oil and gas production (particularly in the US and Brazil) while simultaneously marketing a multi-energy transition, a structural contradiction that undermines the credibility of its net-zero trajectory.source ↗

medium'Greenwashing by Omission' — Columbia Law School Analysis

Columbia Law School researchers published analysis arguing Repsol's practice of highlighting renewable projects while maintaining large-scale fossil fuel production amounts to 'greenwashing by omission,' noting that for every euro in low-carbon generation, Repsol historically invested roughly twice as much in oil and gas.source ↗

mediumGreenpeace, Ecologistas en Acción & CECU Greenwashing Complaints

In 2024, environmental NGOs Greenpeace Spain and Ecologistas en Acción, together with consumer group CECU, filed separate greenwashing complaints against Repsol with Spanish regulatory authorities, alleging misleading sustainability advertising.source ↗

mediumIberdrola Unfair Competition Lawsuit Over 'Renewable Fuels' Advertising

Iberdrola sued Repsol in early 2024 alleging that advertising for '100% renewable' fuels constituted misleading advertising and unfair competition under Spanish law; the suit was dismissed at first instance in February 2025 but is not a final judgment.source ↗

Community Reviews

No reviews yet. Be the first to share your experience!