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Repsol y la sostenibilidad

Nuestros objetivos de sostenibilidad a 2020

Photo of a gree landscape with a message reading 'Sustainability guides our way of doing things'

At Repsol, we contribute to sustainable development by seeking to satisfy the growing demand for energy, which is essential for the fulfillment of people's fundamental rights, and by creating value both in the short and long term.

We maximize our positive impact and minimize our negative impact on society and the environment throughout our value chain by acting ethically and transparently. In doing so, we seek to comply not only with the regulations in force but also with the main international standards. This is how our six–pillar sustainability model was born.

This model is reflected in our Sustainability Plans through ambitions, medium-term objectives, and annual lines of action for each one of the model pillars. Ultimately, these plans also become our roadmap at the global level as well as for specific countries and industrial complexes, which take into account the specific circumstances and needs of each place where we operate.

Our Sustainability Plans are based on the six pillars of Repsol's Sustainability Model

Our sustainability commitment is integrated into our Company's strategy and has the support and involvement of senior management. In this regard, we've set forth our Global Sustainability Plan based on six pillars corresponding to a series of material aspects according to the kind of company we are, our stakeholders' expectations, and the main international standards:
  • Ethics and transparency icon

    Ethics and transparency

    We act responsibly and with integrity wherever we operate.
  • People icon

    People

    We are committed to people and promote their development and social environment.
  • Safety helmet icon

    Safety

    We guarantee the safety of our employees, contractors, partners, and the local community.
  • Solar power icon

    Environment

    We consume the resources needed to generate power more efficiently and with the least possible impact.
  • Climate change icon

    Climate change

    We want to be part of the solution to climate change.
  • Innovation icon

    Innovation and technology

    We foster innovation and integrate technological breakthroughs.
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Ethics and transparency iconEthics and transparency
Our ambition:

We act with integrity wherever we are present. Therefore, our ambitions are as follow:

  • No cases of corruption in activities carried out by the Repsol Group

  • Achieve maximum national and international standards in terms of good governance

  • Be publicly recognized as an honest and transparent company in tax-related matters
Ethics and transparency SDGs
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PeoplePeople
Our ambition:

At Repsol, we want to invest in people as well as promote their development and that of their social environment. Therefore, our ambitions encompass:

  • Establishing strong relationships where the Company has a presence

  • Ensuring people's safety with full respect of human rights 

  • Making a commitment to people and drive their development and that of their social context

  • Guaranteeing equal opportunities as a distinctive element of an integrated, diverse, and inclusive company
People SDGs
Two operators wearing safety gear walking side by side

Safe operation iconSafe operation
Our ambition:

We pursue a target of Zero Accidents with a high level of safety in our processes and facilities. As such, we pay particular attention to the protection of people, the surrounding environment, and to the awareness of our suppliers and contractors.

In the conviction that Safety and the Environment form the basis of value creation, excellence, and responsibility, we established the key lines of action on which the Company will focus its safety efforts until 2025: Driving our culture and transformational leadership.

Moreover, one of the key features is safety in our processes where we intend to lead the industry by managing our risks, the integrity of our facilities, and better preparing for crises and emergencies.

Safe operation SDGs

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Environment iconEnvironment
Our ambition:

Our Company strives to maintain an excellent and sustainable environmental management throughout the entire life cycle of our projects and operations that is also integrated into our decision-making.

We share the concerns of society when it comes to the need to look after the environment we live in.

Moreover, we seek the minimum impact of our operations by minimizing atmospheric emissions, optimizing water management, managing waste, reducing the discharge pollutants, improving prevention systems and response to spills, while considering biodiversity as a key component.

[MM_Imagen] ODS medioambiente

Shot of a river by a jungle

Climate change iconClimate change
Our ambition:

We want to be part of the solution to climate change. Our ambition is that by 2040 we will reduce our carbon intensity by as much as 40% from 2016, in line with what is required by society and the Paris Agreement (2°C scenario). Therefore, we aim to:

  • Reduce by 2020 the Company's carbon intensity indicator by 3% (tons of CO2 / GJ of energy supplied).

  • Achieve as part of the 2014-2020 Energy and Carbon Plan a reduction of 2.1 million tons of CO2eq in the Refining Spain, Refining Peru, Chemicals, and Exploration and Production (operated) businesses.
Climate change SDGs
Close-up of a microscope examining something in really close-up.

[MM Imagen] Picto innovación y tecnologíaInnovation and technology
Our ambition:

We foster innovation and incorporate technological advances to improve and grow not just as a company but together with everything around us. Our ambition is to promote technological innovation as a driver for transformation towards more sustainable business models. To achieve this, we aim to:

  • Double the percentage of investment in technology projects (40% of the total investment in internal R&D projects) in line with the pillars of our Sustainability Model.

  • Allocate over 80% of our total investment to start-ups aligned with advanced mobility, the circular economy, new materials and green chemistry, generation and distribution of renewable electricity, digital technology applied to E&P, and operational reliability for the 2019–2022 period.
Innovation and technology icon

Commitment to the SDGs

At Repsol, we support the 2030 Agenda for the UN's Sustainable Development and use the 17 Sustainable Development Goals (SDGs) as a reference to establish our own priorities.