At Repsol we are committed to the circular economy, a new production and consumption model that moves from a linear economy (based on producing, using, and discarding) to a circular economy, reducing the consumption and waste of raw materials, water, and energy sources when generating goods and services. It is one of the levers we use to contribute to the success of our sustainability model.
Our circular economy strategy was approved by our CEO, Josu Jon Imaz, in December 2016 and began to be implemented in 2017. The objective is to carry out our activities, consuming only the indispensable resources for generating efficient energy and with the smallest possible impact on the environment.
We are currently creating a work network that involves partnerships with 46 companies to define circular economy projects. In addition, we participate in 10 national and international work groups on this matter and are creating an internal network with experts from Repsol's different businesses and areas.
In 2017 we also prepared a catalog of circular economy initiatives with 120 projects for the coming years, in addition to developing 36 initiatives in collaboration with external partners.
Ensuring the provision of water in terms of quality and quantity is essential for the continuation of operations at our industrial facilities and Exploration and Production assets. As a result, Repsol develops water action plans that ensure the resource is well managed.
At present, the main water management challenges are as follows: finding alternative sources to ensure supply; becoming more competitive in product generation, aiming to reduce the water used per barrel processed to improve operating efficiency; and adapting waste management to the increasingly stringent regulatory limits, and Company standards.
In 2017, the main freshwater catchment sources were the public network (66.2%), surface water (28.5%) and, to a lesser extent, groundwater (5.3%).
Furthermore, our Company works towards improving waste management in all stages of its processes. In 2017 the amount of hazardous waste to be disposed of (including landfills) was reduced by 11,369 metric tons and improvements were established in the management of drilling waste mud in the Upstream business.
The circular economy is one of the pillars of our sustainability model
Biodiversity and ecosystem services
Repsol undertakes to reduce the potential impacts on biodiversity and the resources it provides (ecosystem services) during the planning and development of our products and operations.
To this end, our strategy is based on preventing, minimizing, and restoring our impact on the environment. We are also committed to integrating biodiversity and protecting ecosystem services in management systems and decision-making processes (including environmental and social evaluations), as well as participating in research, conservation, education, and awareness projects.
circular economy initiatives
for the coming years