Our contribution to the SDGs

Wooden path to a lake

Supporting the 2030 agenda and contributing to the 17 SDGs

At Repsol, we are aligned with the United Nations' 2030 Agenda for Sustainable Development and contribute to the 17 Sustainable Development Goals (SDG).

The 2030 Agenda highlights the need to promote the partnerships needed between different public-private entities that help to find solutions and best practices to achieve the 17 goals. These goals address economic growth, social inclusion, and environmental protection.

For the first time, there is participation from the private sector as a key component to achieving each of the goals. And this is our role as a multi-energy company.

 

Explore our ODStories network

This is a course/series of information clips designed as a fictitious social network aimed at exploring the SDGs and showing examples of how Repsol contributes to the 17 SDGs. This helps to learn what the 2030 agenda is and how Repsol contributes to it.

Photo Josu Jom Imaz

“The Sustainable Development Goals must be understood as an opportunity for more responsible business, which promotes innovation and technology as essential tools to respond to the energy transition and require collaboration from the multiple actors involved in this shared effort in society.”

Josu Jon Imaz

Repsol CEO

Photo Mariano Marzo

“Our contribution to achieving the SDGs is one of the components that will allow society to see that we are part of the solution to the energy, economic, and social challenges we are facing.” 

Mariano Marzo

Chairman of the Repsol Sustainability Committee

Which SDGs do we contribute to?

We contribute to all of the SGDs. However, as a company in the energy sector and taking into account all of our stakeholders, we believe that we can focus on the SDGs on which we can maximize our impact as shown below:

  • 17

    17

    Partnerships for the goals

    The most efficient way to contribute to the 2030 Agenda is by working alongside public and private entities to share knowledge and technology.

    We are members of industry associations such as IPIECA, IOGP or OGCI.

    Our initiatives are aligned with the Paris Agreement objectives and the company's lines of action against climate change and decarbonization.

    We collaborate with more than 220 circular economy partners and 10 safety associations.

    We support initiatives such as the United Nations Global Compact or the Voluntary Principles on Security and Human Rights, the Platform for Sustainable Mobility, the Climate and Clean Air Coalition initiative and the Zero Routine Flaring by 2030 initiative.

    We collaborate with the United Nations Development Program (UNDP) and the Organization of Ibero-American States (OEI) in community development projects.

    We participate in the Council for Inclusive Capitalism and in B-20 groups to address major global challenges such as Just Transition.

    We collaborate with universities, companies and researchers through the Fundación Repsol Entrepreneurs Fund, the Inspîre open innovation program and investment in startups.

  • 7

    7

    Affordable and clean energy

    We are firmly committed to providing cleaner, safer and more accessible energy and technologies that contribute towards economic and social development.

    We aim to reach a renewable electricity generation capacity of 20 GW and renewable hydrogen generation capacity of 1.9 GW by 2030.

    We invest more than €400 million in renewables and have nearly 4,000 MW of installed low-emission capacity.

    We have more than 230 Solmatch solar communities, which means that 18,000 households are connected with access to 100% renewable energy.

    We are committed to sustainable mobility: We use biofuels, promote shared mobility with Wible, and have more than 250 electric vehicle charging stations and over 700 AutoGas supply points.

  • 8

    8

    Decent work and economic growth

    We contribute to economic and social development by providing quality, safe, and inclusive employment throughout our entire value chain.

    We directly employ over 24,000 people from over 70 different countries.

    We promote the economic growth of the areas where we operate by working with more than 4,000 suppliers, nearly 80% of which are local.

    We promote a safe work environment with proactive safety programs and training programs, setting annual accident reduction targets.

    Our social investment is around 19 M€ per year, with a 2021-2025 objective of being in the first quartile of performance according to the Corporate Human Rights Benchmarking (CHRB).

    We annually pay more than €11 billion in taxes and public charges in more than 35 countries.

    We have close to 500 employees with disabilities, 4,500 with telework and almost 38% women in the company.

  • 13

    13

    Climate action

    We want to play an important role in the energy transition, promoting sustainability and efficiency in our production processes in order to build a low-emissions future that is compatible with the Paris Agreement.

    We are the first company to taken on the ambitious challenge to become net zero by 2050.

    We have had GHG emissions reduction plans since 2006.

    We have set the objective of reducing CO2e emissions by 1.5 Mt from 2021 to 2025.

    We have established objectives to reduce routine flaring and methane emissions by 2025.

    We have established targets for 2030 for absolute and net emissions reductions.

    As part of our commitment, we are part of several international climate change initiatives such as the OGCI (O&G Climate Initiative), Climate and Clean Air Coalition, and Zero Routine flaring by 2030.

  • 6

    6

    Clean water and sanitation

    We follow an integrated water management approach to increase efficiency in the use of water resources and minimize our impacts.

    Our Company uses the Repsol Water Tool to identify the risks associated with water resources in each asset and prioritize the measures to be implemented.

    Our objective is to have integrated water management in 100% of our assets and industrial centers in the Exploration and Production, Refining and Chemicals businesses.

    We have increased water reuse by 100% compared to 2015.

    Reused water accounts for more than 25% of the water entering the company's operations.

  • 9

    9

    Industry, innovation and infrastructure

    We use innovation to support the search for new ways of generating more sustainable sources of energy and transforming them more efficiently.

    We foster open innovation at the Repsol Technology Lab through our own projects and collaborations with universities, companies, and researchers all around the world.

    Through the Repsol Corporate Venturing fund, we invest in technological startups or innovative businesses to implement them in Repsol.

    We invest more than 60 M€ annually in our own R&D and almost 13 M€ in start-ups.

    In our operations, we build infrastructures that contribute to the development of the communities where we operate.

    We promote industrialization, employment generation and business development wherever we operate.

    Our digitalization program, one of the pillars of the 2021-2025 Strategic Plan, already includes almost 400 digital initiatives.

  • 12

    12

    Responsible consumption and production

    We aim to manage in an integral and rational manner all natural resources, processes, and waste generated by our activity throughout our entire value chain.

    We work to minimize the amount of waste generated and promote recycling and reuse.

    We have recovered 62% of total waste, and have more than 40 alternative raw materials and technologies under analysis.

    We have removed more than 14,000 tons of plastic waste since 2017.

    We have set ourselves the goal of developing transversal circular economy projects by 2025, in alliance with external entities, working in all of the company's businesses.

    We have a Catalog of Circular Initiatives (CCI) with over 270 initiatives that we carry out through more than 220 partnerships.