The Master line, carbon neutral as per LRQA
One small step/giant leap toward 2050
We have been immersed in a process to transform and diversify our businesses in order to lead the energy transition, being the first company to set the objective of reaching net zero emissions by 2050. To slowly but surely make this objective tangible, we launched our first line of carbon-neutral lubricating oils: the Master line.
This line is comprised of 11 high-performance lubricants designed for light vehicles including those with both heat and hybrid engines. Additionally, thanks to their low viscosity and selected additives, they enable greater fuel economy than traditional lubricants.
The highly examined line
Environmental analysis was done on this line using the Life Cycle Analysis method and in line with the requirements of the UNE EN ISO 14067:2018 standard to obtain a rigorously accurate and comparable estimate of the Carbon Footprint of the Product (CFP). Subsequently, LRQA (the top-tier audit services provider), verified the calculations in accordance with this standard.
After analyzing and minimizing the impacts of greenhouse gas (GHG) emissions in the product life cycle, any emissions that could not be mitigated are offset for each of the Master lubricants put onto the market by Repsol. Why? To provide different customers products whose life cycle is GHG emission neutral. This offsetting is also verified by LRQA in accordance with ISO standard 14064-3:2019.
The audit and verification also reaffirm the integrity and credibility of the system as a whole, from acquisition of credits and cancellation to production of certificates for the offset product.
Neutrality in verified carbon
The study was done on this line using the Life Cycle Analysis method and in line with the requirements of the UNE EN ISO 14067:2018 standard, to obtain a rigorously accurate and comparable estimate of the Carbon Footprint of the Product (CFP). Subsequently, leading audit services provider LRQA verified the calculations in accordance with this standard.
After analyzing and minimizing the impacts of greenhouse gas (GHG) emissions in the product life cycle, any emissions that could not be mitigated are offset for each of the Master lubricants put onto the market by Repsol. Why? To provide different customers products whose life cycle is GHG emission neutral. This offsetting is also verified by LRQA according to ISO standard 14064-3:2019.
The audit and verification also reaffirm the integrity and credibility of the system as a whole, from acquisition of credits and cancellation to production of certificates for the offset product.
A cause for celebration
In an event held on the Repsol Campus, our corporate headquarters, Repsol's Director of Lubricants, Clara Velasco and Repsol's Director of Sustainability, Fernando Ruiz, received the certificate validating this initiative from Olga Rivas, Technical Director for Iberia at LRQA.
“We are so pleased to have completed this carbon neutrality certification for the lubricants in the Repsol Master line. This is a significant milestone for the multienergy company and the industry, both strategically speaking in terms of tangibly demonstrating Repsol’s commitment to making more sustainable products throughout its value chain and also technically speaking, as behind this neutrality lies planning, action, and partnerships that led to reaching this milestone, including renewable raw materials, recycled bottles, and, finally, emissions offsetting for the emissions that could not be eliminated, which have also been verified,” Olga Rivas added.
For her part, Clara Velasco stated that “this LRQA certification ensures the rigor of the methodology and the offsetting process and guarantees consistent data quality throughout the process. It is yet another step on our path to reaching our goal of becoming a net zero emissions company by 2050.”
Fernando Ruiz provided the reminder that “decarbonizing our products is one of our top priorities. Repsol is committed to providing its customers with products with increasingly small carbon footprints, helping them to build their own path toward net zero emissions.”
Accordingly, our lubricants business is the multienergy group's most international business, as it operates in nearly 80 countries. The acquisition of 40% of the Mexican company Bardahl in 2018 and 40% of United Oil, headquartered in Singapore with two manufacturing plants in Indonesia and Singapore, in 2019 were a step forward in this growth strategy. Our company is currently the top lubricant seller on the Iberian Peninsula, with a 26% market share in Spain and 20% in Portugal in 2021.
