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Initiatives and new memberships

Repsol is an active member of different associations, which allows us to achieve our goal of improving procedures with regard to Corporate Responsibility. The following are the initiatives and agreements that the company is linked to:

United Nations Global Compact

In 2002, we signed up to the United Nations Global Compact, the aim of which is for companies to make the ten principles relating to human rights, working conditions, the environment and combating corruption an integral part of their strategy and operations.  

We are also part of the local networks in Spain (Spanish Global Compact Network), Bolivia (Bolivian Business Social Responsibility Corporation) and Ecuador (Global Compact Network Ecuador).

OGCI Initiative (Oil and Gas Climate Initiative)

On June 8th 2015, Repsol joined the OGCI, a unique industry-led collaborative initiative that aims to make a tangible, transparent and integrated contribution to preventing climate change. The oil and gas industry realizes that major challenges and opportunities lie ahead, and the OGCI's aim is to optimize performance in order to reduce any negative impact on the climate, and to gain a clearer understanding of potential solutions. To this end, oil and gas companies are also working in partnership with governments across the world as well as other international bodies and industries. Initial working topics identified include: 

- Gas flaring
- Methane emissions
- Energy efficiency
- Renewable energy
- Access to energy
- Carbon capture and storage
- Role of natural gas

Extractive Industries Transparency Initiative (EITI)

Promoting transparency among companies in the extractive sector and the governments of host countries is one of the aims that we are pursuing to alleviate poverty and promote the socio-economic development of the countries with extractive resources. Repsol has been a founding member of the EITI initiative since 2003.

European Road Safety Charter

Since 2005, when Repsol signed up to the European Road Safety Charter, the company has joined forces with the European Commission to make roads safer by reducing the number of traffic accidents and victims. 

Under the Charter, institutions, associations and companies share knowledge and practices in an attempt to reduce or avoid risks on the roads.

European Foundation for Quality Management (EFQM)

This is a non-profit organization made up of different organizations and companies. It was founded in 1988 by 14 major European companies to develop a European model of excellence. 

Repsol, which has been a member of the EFQM since 1996, is actively involved in working parties with leading companies such as Philips, Siemens, Opel and Bosch, among others.

Latin American Foundation for Quality Management

Since 1999, Repsol has been a founding member of the board and executive committee of the Latin American Foundation for Quality Management (Fundación Iberoamericana para la Gestión de la Calidad: FUNDIBEQ), the aim of which is to promote quality and excellence in management in Latin America. 

Repsol is the Foundation's most active member, participating in various activities such as: 

- Assessing the Latin American Quality Award (Premio Iberoamericano a la Calidad)
- Participating in strategic working parties
- Developing the sustainable management self-assessment system
- Representing FUNDIBEQ in the Global Excellence Model (GEM), an organization that draws together the most important excellence models (EFQM, Baldridge, JQA, Fundibeq, etc.)

Large Company Forum

On 23 September 2010, Repsol's board of directors approved the company signing up to the whole of the tax best practice code (Código de Buenas Prácticas Tributarias), which is accepted by the Large Company Forum (Foro de Grandes Empresas).

Association of Spanish Listed Companies (Asociación de Emisores Españoles)

Since 2009, the company has been a member of this association, whose objectives include contributing to the development of high standards of good corporate governance in publicly traded companies.

Institute of Internal Auditors

One of its main objectives is to provide a personalized service to its members to guide, advise and train them in all areas of the Internal Auditing profession. It is also notable for providing continuous professional development with courses, publications, periodic meetings and translations.

Ecuadorian Consortium for Social Responsibility

Repsol Ecuador belongs to the Ecuadorian Consortium for Social Responsibility (Consorcio Ecuatoriano por la Responsabilidad Social: CERES), which draws together companies and organizations which promote the concept and practices of social responsibility in the country.

Contact

C/ Méndez Álvaro, 44
Telephone: (34) 91 75 38 100 / (34) 91 75 38 000
28045 Madrid (Spain)
repsolteescucha@repsol.com

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