One of the largest energy companies, present in the entire value chain: exploration and production, transformation, development and commercialization of efficient, sustainable and competitive energy.
We are a multi-energy company operating around the globe. Our activities range from oil and gas exploration and production to refining as well as selling derived products and providing services for your everyday life, such as natural gas and electricity.
The people on our team represent our prime competitive advantage and guarantee the company's future. A flexible and committed team comprising over 25,000 employees, united by a shared vision and values.
Our facilities are a reflection of our values and company culture. Our smart buildings promote smooth communication and transparency between team members, while allowing them to be more efficient and versatile in their work.
Our brand reflects our efficient, modern, responsible, and transparent management style which characterizes our company. Moreover, it conveys our values and builds trust.
A global, integrated company with over 90 years of history seeking to supply society's energy needs.
At Repsol, we ensure integrity in the relationships the Company maintains with its suppliers and contractors. Our suppliers are a part of our team and working together enables us to continuously evolve.
We look for energy solutions that meet people's needs and safeguard their well-being. With our solid and diversified business undertakings, we stay one step ahead of the future.
Learn about our Company's annual performance in the area of sustainability.
Our priority is to minimize the environmental impact of our activities by optimizing water management, air emissions, waste management, and spill prevention and response, in addition to considering biodiversity a key element.
We work to be part of the solution to climate change. Our challenge: responding to the demand for energy both responsibly and sustainably.
Each and every one of our decisions aims to guarantee the safety of our workers, customers, users, and suppliers. We firmly believe that all accidents can be prevented, and we develop ever-improving prevention mechanisms.
Each and every one of the actions taken by the people who make up Repsol determine the present and the future of our company. Therefore, we train our employees in core values that must govern their behavior and communicate all of our actions in a way that's reliable, transparent, and verifiable.
We are committed to managing our tax affairs by applying good practices and acting transparently. We pay our taxes responsibly and efficiently, and we foster cooperation with governments, thus avoiding serious risks and unnecessary conflicts.
We make reasonable efforts to ensure that our activities do not have negative impact on human rights, and should they occur, we do everything we can to correct them. Moreover, we do everything within our power to prevent impacts directly related to the activities of our business relationships.
Sustainability is an essential part of our forward-looking vision and the shared commitment undertaken by every one of us at Repsol.
The Repsol Technology Lab is an example of one of the most cutting-edge private R&D models in Spain, based on open innovation, whose objective is to seek sustainable solutions to achieve a more efficient and competitive lower-carbon business.
Innovation is in our DNA. That's why we've taken on the ambitious challenge of transforming the energy sector through the passion of our professionals, people who question things to make them better.
We look for industrial startups that provide disruptive reliability and maintenance solutions, particularly those related to the prediction and detection of corrosion.
Innovation, open collaboration, and a connection with the entrepreneurial world within an environment designed for co-creation. Discover our Open Innovation program.
At Repsol, innovation is part of our DNA. That's why we support education in the technical science field in order to inspire future generations.
Soluciones energéticas 100% renovables: energía solar y electricidad para particulares, empresas y entidades públicas.
Global, integrated, sustainable, and present throughout the entire value chain. These are just some of the compelling attributes that make us as an attractive company.
Useful documents to follow the company's profitability and sustainability-related measures and initiatives.
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The first thing we do prior to beginning our operations is to perform an environmental and social baseline study to know and analyze the context as well as the area's specific social, economic, and cultural aspects.
Similarly, and in collaboration with the local public authorities and social organizations, we identify the stakeholders to be aware of their expectations, needs, concerns, and aspirations. Among these stakeholders are neighbors, local authorities and associations, our customers and suppliers, in addition to all those who are legitimate holders of rights which we may impact.
To that end, we perform Environmental, Social, and Health Impact Assessments (ESHIA). These assessments ensure that all potential impacts are identified as early as possible in the life cycle of a project, so that they're taken into account in the project's own design with the aim to prevent and mitigate its effects. We assess our own direct impacts and those indirect potentially caused by our business relations, included Extractive Business Partners. Social impact assessments are including the impacts on human rights.
As of 2011, we have a company-wide internal environmental, social, and health impact assessment regulation in place that includes human rights in this assessment process.
The scope of this regulation includes the human rights set out in the Universal Declaration of Human Rights (1948) and the principles regarding rights established in the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work and the eight Fundamental Conventions that implement them.
In 2014, we developed our own assessment impact methodology. It's an internal support guide for units that perform environmental, social, and health impact assessments that incorporate a focus on human rights as part of the impact assessment process.
The phases of this methodology are as follow:
Given the nature of our operations and our presence in numerous countries, we are aware that our impacts vary.
Our potential impacts mainly arise in refineries and chemical facilities or in our exploration and production operations. Based on each context and local reality, through participatory, proactive, and ongoing dialogue, we seek the appropriate solutions in each case by actively cooperating to repair any harm caused by our activity or that of our partners and contractors, among whom we promote knowledge and compliance to our commitments. Once we have identified the impacts, they are shared in a transparent way with the local community through constructive dialogue accessible to all.
Human Rights Impact assessment in La Guajira
The human rights impacts assessment was carried out in participatory manner and respecting the indigenous cultures. The Repsol methodology was previously presented to the traditional authorities (Wayuu ethnic group). The interviews were conducted while assuring diversity, with the objective of guaranteeing the active participation of the communities.
Transparency and accessibility to factual information is key for maintaining a relationship of trust with our communities. That is why the results of the study were shared through mass meetings in the local language (Wayunikki) where aspects related to territoriality, young people’s loss of identity, labor, economics, the environment, and women’s rights were identified. However, the most relevant impact identified was the protection of sacred areas and the cultural impact without any possible mitigation measures. Therefore, the Company's decision has been not to continue operations in this block, remaining consistent with our Policy, and recognizing and respecting the communities’ cultural diversity.
This case was presented at the European Parliament in Brussels during the "Companies and Due Diligence in Latin America" private event in 2019.
We recognize and respect the rights of the villages and legal rights holders over their lands and natural resources, and we make the means available for protecting them, especially in the case of those groups who are most vulnerable.
In accordance with this commitment and the requirements included in our regulatory framework, prior to the start of any activity, feasible alternative designs are considered to minimize the acquisition of land and restrictions on the surface and subsurface land and soil use, in order to avoid resettlement and adverse impacts on the communities and people who use those lands.
Once the location has been selected, we identify the owners and land users with the help of official mechanisms in each area. Additionally, and with the aim of preserving the rights of those most vulnerable, we perform an active search for any other potential legal rights holders, like indigenous communities who use the land or one of its resources. In Canada, we have a great example of how we've carried out this identification.
When resettlement is unavoidable and before proceeding with the project, the following evaluation and compensation measures will be taken:
Identifying land owners, access permits, and compensation management for a seismic survey in Ioannina, Greece
Geophysical surveys require the utilization of large land surfaces during short periods of time, so they may often pose a challenge to our Permit Management Teams. During 2018 and 2019, Repsol conducted a 2D geophysical survey along 400 linear kilometers in the region of Epirus, Greece. The following are the management phases for the temporary use of lands in the area to be studied:
1. Land characterization and identification of more than 1,400 owners.
2. Permit management prior to land access: Each of the corresponding landowners was contacted in order to explain the nature and estimated dates of the works as well as how the compensation would be calculated and what the payment process would be. An intervention letter was signed by those owners who agreed to the give formal permission.
3. Assessment of possible damages and compensation calculation based on the Greek Administration Tables for compensations. After a “Clearance Letter” was signed, the compensation was transferred to the owners to avoid payments in cash.
We have an organization, procedures, and systems in place that enable us to reasonably manage these risks to which it we are exposed, being an integral element of our Group's decision-making processes, both in the area of corporate governance bodies and in business management.
Risks on human rights are integrated into corporate management as part of the Integrated Risk Management System (IRMS), both in the management of strategic risks (reputation and image) and operational risks (code of ethics and conduct).
Within the operational risks, the risks that affect the Repsol Code of Ethics and Conduct that can also affect human rights are analyzed and managed:
On the other hand, within the strategic risks, risks on human rights are included within the image and reputation risks, which may be compromised in case of breach of the commitment to respect human rights set forth in our Code of Ethics and Conduct, as well as in the Human Rights and Community Relations Policy, or that individuals or groups unrelated to Repsol managed to extend the opinion, not necessarily founded, of the Group's breach of its commitment to respect human rights.
Our Human Rights and Community Relations Policy was updated in 2019. In order to ensure its proper dissemination in the Bolivia Business Unit, we carried out an awareness campaign aimed at our employees and contractors, communities close to our operations, partners, and civil society institutions.
This policy is part of the training process to enter the field in assets operated by Repsol, but this update was used to strengthen the policy knowledge and integration of our commitments into our day-to-day work and that of our contractors. Moreover, we further raised awareness of our operational-level grievance mechanism which was implemented back in 2011. This mechanism ensures that claims, complaints, and compliance breaches are handled properly.
In addition to communication initiatives by means of leaflets and signage, 32 training sessions were carried out where 703 people were trained including all our employees, contractors, and the communities near our Caipipendi and Mamoré operations.