Significant indirect economic impacts, including the extent of impacts
Bolivia: "goat kids production project" in Bolivia. We invested more than €90,000 in this project, with an approximate timeframe of two years. The project beneficiaries were 45 families in eight communities in the area around the Caipipendi facility. The objective is to give a boost to traditional economic activities and create productive, profitable and sustainable value chains, independently of Repsol's area of influence. This will be achieved through the production of breeding goats and the creation of a value chain to dress, smoke, package and distribute the meat etc.
Spain: "agreement with Fundación de la Siderurgia Integral (FSI)" at Petronor (Spain). We assisted on this project, where the beneficiaries were approximately 30 unemployed people from sectors undergoing reconversion. The project entailed the creation of a social enterprise focusing on agriculture and snail farming, and the transformation, packaging and canning of market produce. Petronor made over between three and six hectares of land for the project, to a value of €100,000.
Papua New Guinea: "community vegetable garden" project. We carried out this project within the area of influence of the Stanley gas facility on an investment package of $5,000, with 140 beneficiaries. The project sets out to train people in modern horticulture skills to grow vegetables, for sale and also to improve local nutritional habits. The project also created model garden facilities with implements, seeds, shoots and plantations.
Papua New Guinea: "Personal viability and financial literacy". This project targeted 94 local people on an investment package of more than $33,000. It aimed to give them entrepreneurial skills and make them financially literate. They were also trained to achieve a considerable level of self-sufficiency in terms of their knowledge, physical skills, talent and other resources, inducing a savings culture in terms of budgeting and planning expenditure.
Peru: Recycling waste from the Lot 57 facility on the "Recycling to assist" program. In 2016 we signed a cooperation agreement with the association to help burned children, ANIQUEM, whereby we donated a portion of our non-hazardous waste to be recycled and help rehabilitate children from low-income families with severe burn sequels. The agreement produces some major social, environmental and economic benefits. During the year we donated 9 tons of recyclable waste, which were used to produce 142 elastic garments. We not only increased the amount of waste sent for recycling, but also reduced the costs of transportation and final disposal.