Growing and developing alongside local communities

Believing in creating shared value

We work to identify, know well, and take into consideration the social and environmental context where we carry out our operations to have a positive impact on communities and promote socio-economic development.

We aim to integrate into our value chain the different stakeholders and individuals from the surrounding communities where we operate under certain collaboration and dialogue criteria to promote shared value with our company.

Creating opportunities through social investment

Social investment is one of the tools that enables us to have a positive impact on the communities where we operate and also maximize it.

Through social investment, we can fulfill two of our most important commitments in our relationship with communities:

• Maximize our positive impact
  
• Meet the expectations identified by the community

Our approach is clear and promotes long-term benefits, while taking into consideration the opportunities for sustainable socio-economic development and creating shared value with communities, so:

• We support development programs aimed at meeting local expectations and needs, which are also relevant to our business units.
  
• We use the information we obtain about our relationship with local communities and impact studies that shape our work with local partners with the aim of having long-lasting, positive impacts.

Repsol Foundation: Our Company's social energy

We channel our social investment projects through our Company's businesses and corporate areas, our employee's volunteer work, and the Repsol Foundation's endeavors.

The Repsol Foundation develops projects on its own and also in collaboration with renowned organizations in areas where we can make a greater contribution, have a positive impact, and meet the specific needs of the communities.

Our foundation's main initiatives and projects revolve around social energy and are aimed at:

1. Contributing to society's well-being.
   
2. Improving people's quality of life.
   
3. Achieving greater social, educational, environmental, and cultural development, and acting especially in areas where we operate.

The Repsol Foundation carries out its work in Spain, Portugal, Latin America, and Africa. Its projects focus on six pillars:

• Supporting talent
  
• Popularization of energy-related knowledge
  
• Diversity and integration
  
• Supporting culture
  
• Social development
  
• Volunteering

Creating shared value worldwide

These are some examples of the projects we are carrying out all over the world, where we are committed to creating shared value in different sectors based on the needs and characteristics of each region and country.