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Sustainability

Our contribution to the Sustainable Development Goals

Infographic of the Sustainable Development Goals established by the United Nations.

In September 2015, more than 150 Heads of State and Government approved the 2030 Agenda at the UN Sustainable Development Summit. This Agenda includes 17 universal objectives that, starting on January 1st, 2016, have directed the efforts of the signatory countries to build a more sustainable world by 2030.

The 2030 Agenda is the most ambitious action plan developed to date in favor of people, the planet, and prosperity, with 17 Sustainable Development Goals and 169 targets. Making these goals a reality requires the support of society as a whole: not just governments but also civil society and, for the first time in history, companies, too. In fact, the private sector plays a fundamental role in applying the 2030 Agenda and achieving the targets of the Sustainable Development Goals (SDGs).

At Repsol, we work within the UN Global Compact as a member of the Spanish Global Compact Network Executive Committee, taking on the challenge of driving the 2030 Agenda within the private sector.

In addition, through our participation in IPIECA (the global oil and gas industry association for environmental and social issues) we have collaborated with the United Nations Development Programme (UNDP) and the International Finance Corporation (IFC) to share our knowledge of how our industry could make an efficient contribution to the SDGs, publishing the report Mapping the Oil and Gas industry to the Sustainable Development Goals.

  • Which SDGs do we contribute to?

    We make a significant contribution to all 17 SDGs as we act responsibly in highly different environments, and we believe that it is necessary to identify those that are more clearly linked to our sector, activity, our impacts on people, the economy and the environment, and the expectations of our stakeholders.

    Consequently and as part of our commitment to the 2030 Agenda, we have prioritized the SDGs by analyzing which are most important for the Company and our stakeholders, allowing us to focus our actions on the areas where we can make the most significant contribution. As a result, we have concluded that we must first focus our efforts on SDG 7, SDG 8, and SDG 13 due to our role in providing access to energy, our contribution to socio-economic development, and the fight against climate change. Secondly, drawing attention to sustainable management and the efficient use of resources in our operations, we will then focus on SDG 6, SDG 9, and SDG 12.

We believe that focusing on a small, prioritized, and relevant selection of SDG demonstrates that we are truly committed to sustainability and the 2030 Agenda.

Repsol has prioritized the SDG by comparing a variety of sources using the following methodology:

  • Analysis of the Strategic Plan, Sustainability Plans, materiality analysis, sector reports, and trend studies.
  • Contribution opportunity analysis according to each of these sources.
  • Lastly, comparison and integration of the results, selecting the SDGs that are a priority for Repsol.