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.
We act with integrity wherever we are present. Therefore, our ambitions are as follow:
At Repsol, we want to invest in people as well as promote their development and that of their social environment. Therefore, our ambitions encompass:
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.
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, and we therefore apply the circular economy principles to our operations and products. This includes minimizing air emissions and waste production, optimizing the consumption of raw materials, improving waste and water management, reducing the discharge pollutant load, and improving prevention systems and spill response, while considering biodiversity as a key element.
We want to be part of the solution to climate change. Our ambition is to be a net zero emissions company by 2050, while limiting global warming well below 2°C and complying with the Paris Agreement and in line with what is required by society. Therefore, we aim to:
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:
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.