Repsol understands Corporate Responsibility as a contribution to sustainable development, beyond what is required by law. It makes this contribution by means of specific actions included in its Sustainability Plans, in order to improve the company's situation in various areas.
It does so in fundamental areas such as organizational governance, the environment, human rights, working practices, consumer affairs, fair operating practices and the development of communities with which it is involved.
Repsol includes environmental and social concerns in the decision-making processes of its organizations. For this purpose, it applies the necessary actions through the Coordination System of its Corporate Responsibility Model, in order to meet society's expectations.
Repsol's Corporate Responsibility Committees at corporate and country level have defined and chosen priority initiatives that make up the Sustainability Plans.
Organizational governance is the system that the company employs to make decisions and implement them in order to achieve its objectives.
It is, therefore, a deciding factor in enabling an organization to incorporate responsibility into all of its activities and decisions, as well as the activities and decisions of its value chain and other business relationships.
States and companies play different roles in promoting human rights. States have a duty to protect human rights.
Likewise, companies have a responsibility to respect human rights, which means acting with due diligence so as not to interfere with the extent to which individuals enjoy those rights,while dealing with any negative impact that may occur.
We understand working practices to be the work-related policies implemented by or on behalf of the company, such as the working day, remuneration and the recruitment and promotion of employees; disciplinary procedures and grievance resolution; the transfer and relocation of employees and training, among others.
They also include issues relating to representation and participation in collective bargaining, social dialogs and tripartite consultations, to address employment-related social problems.
Repsol works on the reasonable expectation that environmental impact is prevented and minimized, keeping it within the ecosystem's capacity to regenerate.
Society's expectations of our company in terms of the environment are related to prevention, the sustainable use of resources, combating climate change and protecting biodiversity.
Fair operating practices are those associated with ethical conduct on the part of an organization in its dealings with other organizations.
They include relationships between organizations and their partners, suppliers, contractors, competitors and the associations of which they are members.
Repsol is concerned with consumer affairs. We therefore report on aspects of health and safety related to our products and services.
We also take measures to prevent risks to health and the environment that may be implicit in the design of our products and services.
All our actions are intended to bring us closer to what our stakeholders expect of us: a company that conducts itself ethically, which is concerned about people's well-being, which is well aware of its potential impact, concerned with preventing it and manages resources well.
Repsol has a Sustainability Plan in place at corporate level and others relevant to the operating centers where it is present. In these plans a number of actions are established, focused on the needs and expectations identified.
We have a Corporate Responsibility Committee which is responsible for meeting the expectations of our stakeholders worldwide by means of the Corporate Sustainability Plan.
We have also created Corporate Responsibility Committees in the following countries: Bolivia, Brazil, Colombia, Ecuador, Spain, Portugal, the United States, Peru, Trinidad and Tobago, and Venezuela; and in the following operating centers: A Coruña, Cartagena, Petronor, Puertollano, and Tarragona.