Repsol becomes the first oil company to sign an agreement with the United Nations in Colombia

Repsol and the UNDP sign an agreement to promote the development of indigenous communities in Colombia

Press Release 03/02/2014 00:00
  • Repsol and the United Nations Development Programme (UNDP) have signed an agreement to implement the Communities Benefits Programme (PBC) which the company carries out in Colombia.
  • Repsol's PBC is based on contributing to the development of the Wayuu ethnic group residing in the Guajira Peninsula in northern Colombia, who expressly asked to participate in Repsol activities.
  • For the first time the UNDP has signed an agreement with the oil industry in Colombia. This is the first pilot project of its kind globally, so the UN has high expectations for its development.
  • Starting this February, the indigenous communities and Repsol, with UNDP support, will define a series of measures focused on improving access to drinking water for the Wayuu population in Alta Guajira.
  • The Ministry of Mines and the National Hydrocarbons Agency of Colombia have actively supported the signing of this agreement and Repsol initiatives in Colombia.
  • This agreement is part of Repsol's commitment to Corporate Social Responsibility in the countries in which it operates, specifically within the Colombia Sustainability Plan for the period 2013-2014.
  • According to a survey conducted by KPMG, which assesses the quality of Corporate Responsibility reporting, Repsol is among the top 10 companies in the world in this aspect, and is the highest rated Spanish company.
  • Repsol is also included in the most prestigious international rankings in terms of corporate responsibility, such as the Dow Jones' Sustainability Indexes, holding the top position many times.

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