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Repsol and sustainability

Our 2020 sustainability objectives

Sustainability objectives

Aerial view of a refinery from the top of a mountain
The Repsol Sustainability Model is aligned with the best ethical, environmental, and social practices and defines action guidelines aimed at managing at controlling the possible impacts derived from our operations throughout the entire value chain. This model is reflected in our Sustainability Plans through ambitions, medium-term objectives, and annual lines of action for each pillar of the model.

Our sustainability objectives are based on six pillars

Learn about the objectives that reflect our commitment to the sustainable development of society and the areas where carry out our operations.
  • Climate change icon

    Climate change

    We are at the forefront of the fight against climate change.
  • Solar power icon

    Environment

    We only consume the resources necessary to generate power more efficiently and with the least possible impact.
  • Innovation icon

    Innovation and technology

    We promote innovation and incorporate technological breakthroughs for the better of society.
  • Safety helmet icon

    Safety

    We ensure the safety of our employees, contractors, partners, and local community.
  • People icon

    People

    We are committed to people and promote their development and social environment.
  • Ethics and transparency icon

    Ethics and transparency

    We act responsibly and with integrity wherever we operate.
Climate change
Environment
Innovation and technology
Safe operation
People
Ethics and transparency
Shot of canoe in a river running through a forest

Climate change objectives

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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:

  • Achieve a reduction of 3 million tons of CO2eq in our refining operations in Spain and Peru, Chemicals, and Exploration and Production (operated).
  • Reduce methane emission of our operated assets by 25% compared to 2017 and also cut routine flaring by half with respect to 2018.
  • Increase our capacity to generate low carbon electricity to 7,500 MW.
Climate change SDG
Aerial view of the facilities of an industrial complex

Environment goals

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

  • Consume only the resources necessary to generate efficient energy.
  • Maintain excellent and sustainable environmental management throughout the entire life cycle of our projects and operations that is also integrated into our decision-making.
  • Seek the minimum impact of our operations, and we therefore apply 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.

Environment SDG

Shot of industrial machinery

Innovation and technology challenges

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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 startups aligned with the pillars of our Sustainability Model for the 2019-2022 period.

  • Deploy the digitalization program to all areas of the Company to promote new digital solutions that lead to efficient and sustainable power generation, optimize processes, and satisfy the new ways of consuming energy.
Innovation and technology SDG
Two operators wearing safety gear at a Repsol refinery

Actions for safe operation

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We ensure the safety of our employees, contractors, partners, and local community. Our objectives are to:

  • Achieve our 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.
  • Follow the key lines of action on which the Company will focus its safety efforts until 2025: driving our culture and transformational leadership.
  • Lead the industry by managing our risks, the integrity of our facilities, and better preparing for crises and emergencies.

Safe operation SDG

A Repsol employee posing with an indigenous woman

People-focused objectives

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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.  

  • Safeguard people's safety with full respect of human rights.  

  • Committing to people and driving their development and that of their social context. 

  • Guaranteeing equal opportunities as a distinctive element of an integrated, diverse, and inclusive company.
People SDG
Shot of the Repsol Campus building at sunset

Ethics and transparency

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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 SDG
Clouds in the sky

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.

See our sustainability reports and policies