Sustainable Development Goals (SDGs)
In 2015, the United Nations General Assembly approved the 2030 Agenda, which includes 17 economic, social, and environmental goals, also known as SDGs, to tackle the major problems of our time and guarantee the sustainable development of society. These objectives will encourage the adoption of measures to end poverty, protect the planet, and guarantee peace and prosperity by 2030.
At Repsol, we are committed to achieving these goals and take them as a reference to define our priorities on the matter of sustainability. In 2018, we decided to go a step further and prioritize the achievement of seven objectives across all our activities, focusing on those we consider the most relevant to the company and its stakeholders:
- Affordable and clean energy: we have developed around 150 projects to improve energy efficiency and contribute to sustainable mobility through over 1,700 charging points for electric vehicles, 732 supply points of AutoGas, and WiBLE, our carsharing service.
- Dignified work and economic growth: we contribute through by paying 13,600 million euros in taxes and similar tax charges in over 40 countries. We provide direct employment to over 25,000 people of more than 80 nationalities, we work with 5,000 suppliers, most of them local, and we invest 43 million euros per year in social programs.
- Climate action: for the 2018-2025 period, we have set the following target: to reduce three million tons of CO2 per year with respect to 2017. We have issued a green bond valued at 500 million euros to fund actions that reduce emissions, and we participate in international initiatives such as the Climate Clean Air Coalition and Zero Routine flaring by 2030 Initiative.
- Clean water and sanitation: reused water represents 34% of the water collected for our operations, we identify the risks associated with water use, and we implement the necessary measures to improve efficiency in the use of water resources.
- Industry, innovation, and infrastructure: we promote open innovation projects, both internal and collaborative, from our technology lab. In 2018, we invested over 80 million euros in research and development.
- Responsible production and consumption: we promote recycling and reuse, we participate in ten national and international working groups on the Circular Economy, we are signatories of the Circular Economy Pact approved by the Government of Spain, and we research on over 150 internal eco-design solutions, 80 of which are already a reality.
- Partnerships for the goals: we are part of industry associations such as IPIECA (International Petroleum Industry Environmental Conservation Association), IOGP (International Association of Oil & Gas Producers), OGCI (Oil & Gas Climate Initiative), we support initiatives promoting sustainability, such as the United Nations Global Compact, the Voluntary Principles on Security and Human Rights, the CCAC initiative (Climate and Clean Air Coalition), and the Zero Routine Flaring by 2030 initiative.
We also collaborate with the United Nations Development Program (UNDP) and with the Organization of American States (OAS) to carry out community development projects. The most efficient way to contribute to the 2030 Agenda is to collaborate with other entities, both public and private, to exchange knowledge and technologies.