Believing in creating shared value
We work to identify, know well, and take into consideration the social and environmental context where we carry out our operations to have a positive impact on communities and promote socio-economic development.
We aim to integrate into our value chain the different stakeholders and individuals from the surrounding communities where we operate under certain collaboration and dialogue criteria to promote shared value with our company.
Creating opportunities through social investment
Social investment is one of the tools that enables us to have a positive impact on the communities where we operate and also maximize it.
Through social investment, we can fulfill two of our most important commitments in our relationship with communities:
Our approach is clear and promotes long-term benefits, while taking into consideration the opportunities for sustainable socio-economic development and creating shared value with communities, so we:
Repsol Foundation: Our Company's social energy
We channel our social investment projects through our Company's businesses and corporate areas, our employee's volunteer work, and the Repsol Foundation's endeavors.
The Repsol Foundation develops projects on its own and also in collaboration with renowned organizations in areas where we can make a greater contribution, have a positive impact, and meet the specific needs of the communities.
Our foundation's main initiatives and projects revolve around social energy and are aimed at:
The Repsol Foundation carries out its work in Spain, Portugal, Latin America, and Africa. Its projects focus on six pillars:
Creating shared value worldwide
These are some examples of the projects we are carrying out all over the world, where we are committed to creating shared value in different sectors based on the needs and characteristics of each region and country.
Building a drinking water system
In collaboration with the Entre Ríos Municipality Government, we developed a project aimed at improving the quality of the drinking water service for more than 7,000 people in Isarzama in the Cochabamba district. This leads to reducing the risk of contracting stomach and intestinal diseases due to drinking and using water.
Boosting employment in the agricultural sector
A project that came about with the aim to train unemployed individuals over 45 to develop their professional career in the agricultural sector. The company made plots of land stretching over more than 35,000 m2 available to the beneficiaries to enable them to produce, transform, and market agricultural products.
Supporting the adaptation of local communities
A project aimed at providing basic health, education, and energy and water access services in the local communities of Ubari, Zawiya, and Rujban for around 300,000 people within the area of influence.
Developing skills of fishermen
This program focuses on the socio-economic development of fishermen in Marang, Terengganu through the production and/or sale of fish, seafood, and their by-products.
A project in the area of influence of the Stanley gas project. More than 120 people have benefited from the modern horticulture training program that will enable them to harvest vegetables that will be marketed and also lead to improving nutrition in the area. The project also helped create model farms with instruments, seeds, seedlings, and planting material.
Providing support in the establishment and maintenance of cocoa fields
A multi-annual project (2014-2018) aimed at empowering the indigenous people from the Native Community of Nuevo Mundo through the sustainable development of the region, focusing on cocoa farming given the conditions of the area.