At Repsol, we are committed to protecting the environment and give priority to the necessary actions to minimize the possible impacts of our operations and the products we offer our customers. Preserving natural capital and implementing circular economy principles are key aspects in developing our Sustainability Model and Repsol's Safety and Environment Strategy.
Natural capital: Inherent in all our decisions
Natural capital encompasses the natural resources that contribute to the well-being of people, the development of society, and the advancement of the global economy. This contribution is made through the ecosystemic and abiotic services it provides in the form of energy, materials, cultural aspects, etc.
We have developed a digital tool and methodology called GEMI-READS that enables us to conduct a comprehensive assessment of environmental impacts and the dependencies of projects and operations at a global level.
Environmental management excellence integrated into our decision-making
Our strategic model is based on prevention and minimizing impacts on the environment.
Prevention
Policy
Objectives
Reports
KPIs
Partnerships
Certificates
Developing proactive risk management
We have prevention and control mechanisms through pioneering technologies that enable us to proactively manage the potential risk of our operations in order to prevent possible environmental impacts.
Our policy helps us to improve our day-to-day operations and to establish action guidelines that adapt to the Repsol values. We take on the commitment of promoting environmental best practices and to respond to the concerns and expectations of our stakeholders.
Environment Objectives in the Global Sustainability Plan
At Repsol, we contribute to sustainable development by trying to meet the growing demand for energy, which is essential for ensuring people's fundamental rights and creating value in the short and long term.
We maximize positive impacts and minimize negatives on society and the environment along our value chain through ethical and transparent behavior.
Our Global Sustainability Plan particularly integrates an environment pillar, which defines specific short and medium term objectives for 2023, 2025, and 2030.
Our Integrated Management Report, which is published on a yearly basis, integrates both financial and non-financial information, specifically information on sustainability. This report also outlines the main projects and initiatives carried by the company throughout the year.
It also provides information on sustainability, including the Environmental, Social and Governance (ESG) areas, among others.
Our interactive dashboard allows us to see the main key performance indicators for environmental vectors such as water management, waste, biodiversity, emissions, spills, among others.
Actively participating in workgroups and sector partnerships
We rely on a professional multi-disciplinary team and also actively participate in workgroups and sector partnerships with national and international organizations like IPIECA, CONCAWE, IOGP, among others.
Our facilities have environmental management systems and most of them have been certified according to the UNE EN ISO 14001:2004 standard and the new 2015 version, as is the case with our Refining and Chemicals operating centers.
We encourage our partners to implement health, safety, and environment management standards. Moreover, our relationships with our partners are established through a Joint Operating Agreement that includes environmental clauses.
We've supported the 2030 Agenda since it was approved in 2015 and we're working to implement it at all levels and in all businesses of the Company. At Repsol, we're convinced that energy companies can play a key role in promoting the 17 Sustainable Development Goals (SDG).
Our efforts are focused on the SDGs on which we can maximize our impact. We have given priority to the SDGs that are the most relevant to the Company and our stakeholders: primarily focusing on SDG 7 (Affordable and clean energy), SDG 8 (Decent work and economic growth), and SDG 13 (Climate action); and secondly on SDG 6 (Clean water and sanitation), SDG 9 (Industry, innovation, and infrastructure), and SDG 12 (Responsible consumption and production).
