Glossary

Process safety accident: an accident with a loss of primary containment for which the following criteria are simultaneously met:

  • There is a chemical product or a process involved.
  • The incident occurs within a certain location, in other words the incident occurs at a production, distribution, storage or ancillary services (utilities) facility or at a pilot plant related to the chemical product or process involved. This includes tank farms, ancillary support areas (e.g. boilers, water treatment plants), and pipe distribution networks under the control of the installations. Drilling operations will also meet the criteria of location.
  • It gives rise to an unplanned or uncontrolled release of material, including non-toxic and non-flammable material (for example vapour, hot water, nitrogen, compressed CO2 or compressed air), with certain levels of consequences.

Depending on the established thresholds, the process safety accident will be classified as Tier 1 or Tier 2.

Bioethanol: chemical product obtained from the fermentation of starch from cereals or sugars from beet or cane and is either mixed directly with petrol or used in the form of ETBE (Ethyl tert-butyl ether).

Biodiesel: fatty acid methyl esters (FAME) obtained from the transformation of vegetable oils extracted from oleaginous seeds normally used mixed with diesel.

BOE: barrel of oil equivalent.

Carbon Disclosure Project: an independent, non-profit organization that holds the largest global database of corporate information on climate change. Through an annual survey sent to the largest listed companies, the CDP collects information on the risk and opportunities identified and connected to climate change, the plans for reducing emissions and transparency in corporate actions to lessen climate change.

Confirmed cases of corruption: cases of corruption that have been legally proven. The cases of corruption that are still being investigated in the period covered by this report have not been taken into consideration.

CH4: methane gas

CO2: carbon dioxide.

CO2 eq: carbon dioxide equivalent is the unit of measurement used to indicate the global warming potential of each greenhouse gas compared to carbon dioxide.

Political contributions: economic aid or similar given directly or indirectly to a political party, to its elected representatives or to the candidates to hold public office. Economic contributions are donations, loans, sponsorships, fees or the purchase of tickets for a fund-raising event. The following may be considered contributions of sort: advertising, the use of premises, design or printing services, donation of equipment or the assignment as members of the executive team, employment or consultancy services for elected politicians or to the candidates to hold public office.

Significant controversies: conflicts that are of sufficient scale or importance as to require attention. For such purpose, a significant controversy is deemed to be one that has public repercussions in the media or that has appeared, had a presence or has drawn in a large audience on the internet.

Due diligence: an exhaustive and proactive process to identify the real and potential negative social, environmental, and economic impacts that the decisions and activities of an organization have, over the life span of a project or activity carried out by the organization, with the aim of avoiding or mitigating such negative impacts.

Dow Jones Sustainability Index: a sustainability index that selects the companies that outdo their competitors from the 2,500 biggest companies in the world with economic, environmental, and social criteria.

Downstream: includes refinery, marketing, chemical, LPG, trading, gas, and energy activities.

EITI (Extractive Industry Transparency Initiative): a global standard that promotes transparent management of natural resources in the extractive sector. It is implemented on a national level through governments, businesses and civil society working together.

Non-methane volatile organic compounds (NMVOC): compounds comprised mainly of hydrocarbons to which some of the following chemical groups are added: alcohols, aldehydes, alkanes, aromatics, ketones and halogenated derivatives. Many volatile organic compounds are dangerous air contaminants.

Direct greenhouse gas emissions (scope 1): greenhouse gasses emitted directly by the organization, such as fuel burned at installations to produce the energy required for processes, or those produced due to chemical reactions during the organization’s production processes.

Indirect greenhouse gas emissions (scope 2): greenhouse gases emitted by the producer of the energy required by the organization. They depend both on the quantity of energy required by the organization, as well as the energy mix of the network that supplies the organization. In our case, they are fundamentally the emissions associated with purchasing electricity and steam.

ESHIA (Environmental, Social and Health Impact Assessment): internal regulations that explain how to conduct an Environmental, Social and Health Impact Assessment for the entire life cycle of an activity.

Exploration and Production (Upstream): crude oil and natural gas exploration and production activities, which include searching, drilling, and extracting deposits.

Field trip: a trip organized for our stakeholders to visit the operations.

Global Water Tool: a tool developed by the World Business Council for Sustainable Development (WBCSD) and adapted to the oil and gas sector by the Global Oil & Gas Industry Association for Environmental and Social Issues (IPIECA). The aim is to locate installations on water scarcity maps and calculate the key indicators for global water management for the company. Repsol has participated in developing this tool with the Water Task Force of the IPIECA.

LPG: Liquid Petroleum Gas.

LNG: Liquid Natural Gas.

GRI (Global Reporting Initiative): international sustainability reporting standard, including economic, environmental, and social issues.

HC: hydrocarbons.

Carbon footprint: measure implemented to quantify greenhouse gas emissions associated with businesses, people, or objects with the aim of determining their contribution to climate change.

ICMM (International Council on Mining and Minerals): an organization led by executive directors in the industry and dedicated to sustainable development. The ICMM brings together many world-leading mining and metal businesses, as well as regional, national, and commodity associations. Such businesses and associations and committed to improving their sustainable development performance and the responsible production of mineral resources and metals that society needs.

Professional Disease Index: [(Number of occupational disease cases)/(total hours worked)] x 200,000.

Lost Time Injury Frequency Rate (LTIFR): number of lost time accidents and fatal accidents recorded over the year, per million work hours.

Total Recordable Incident Rate (TRIR): number of accidents without lost time, with lost time and fatal accidents over the year, per million hours worked.

Socially Responsible Investors: investors that have assessment criteria for ethical, social, and environmental issues, also known as ESG investors (Environmental Social Governance).

ISO 14064: international standard according to which greenhouse gas emissions reports are voluntarily verified.

JOA (Joint Operating Agreement, AIPN 2012 Model Form): joint operating agreement.

Local Water Tool: tool developed and adapted to the oil and gas sector by Global Environmental Management Initiative (GEMI). It is used to identify and evaluate risks and impacts related to water on a local level for the centers, in matters such as availability, quality and the ecosystems connected to bodies of water affected by the center. Repsol has collaborated with GEMI to adapt this tool to the oil and gas sector.

MBOE/d: million barrels of oil equivalents per day.

Formal claims mechanisms: systems that consist of specific procedures, functions, and rules to methodically deal with complaints and resolve lawsuits. It is hoped that the formal claims mechanisms are legitimate, accessible, predictable, fair, compatible with law, clear and transparent and that they are based on dialogue and mediation.

N2O: nitrous oxide.

NOx : nitrous oxides.

Offshore: activity carried out at sea.

Onshore: activity carried out on land.

Significant operations: operations in which the company has control over the management and has carried out some activity in the year covered by this report. Activity is deemed to be operations that are currently in the production stage. Furthermore, in the production and exploration area, operations are included for which drilling activity has been carried out.

Other indirect greenhouse gas emissions (scope 3): all remaining indirect emissions. These come from sources that are not controlled by the organization. Some examples are emissions associated with the purchase of goods and services, those associated with transporting raw materials and distributing products, those associated with -business travel, or those derived from the use of our products. These are the most difficult to account for due to the large quantity of products and services used by the organizations, and the difficulty of understanding the emissions of these products and services if they are not provided by the producer itself.

Stakeholder: an individual or group that has a specific interest in any of the organization’s decisions or activities.

Work transition plans: plans drawn up by the company to help workers manage the closure of centers or activities (this may include relocation, help to find work again, resettlement, dismissals, etc.).

Staff: employees on the last day of the reference month that form part of the structure, taking into account the percentage of association with the position, the occupancy rate, and the consolidation percentage of the company that belongs to the organizational chart of the company. Leave at the end of the month is not included. 2015 includes the partial retirements.

Precautionary principle: the precautionary principle refers to the focus adopted so as to deal with possible environmental impacts. Principle 15 of the United Nations’ Rio Declaration on the Environment and Development of 1992 states the following: “In order to protect the environment, the precautionary approach shall be widely applied by States according to their capabilities. Where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation.”

Roadshow: meeting or presentation held at various places on a tour.

SOx: sulphur oxides.

UNEP-WCMC (United Nations Environment Programme’s World Conservation Monitoring Centre): a program that covers activities related to biodiversity in the systemic structuring of the United Nations.