Energy companies have taken on a great responsibility by facing the challenges of a sustainable energy model that can guarantee a safe supply, contributes to minimising the effects of climate change and respects human rights in every area.

Since 2003, Repsol has maintained an active commitment to the ten principles of the United Nations Global Compact. The company signed up to this initiative to make the world a fairer, more united place. During 2010 it took part in various Global Compact-related actions. Likewise, Repsol is aware that its oil and gas extraction activities are an important source of income for the governments in the countries that own these natural resources. If properly managed, these resources can and should make a very positive contribution to their economic growth. For this reason, the company signed up to the Extractive Industries Transparency Initiative (EITI) at the time of its launch. Repsol believes that this is the global initiative in the best position to achieve the goal of increasing financial transparency. In 2010, Repsol has provided financial support for the EITI and has been involved in several programmes to spread information and awareness about the initiative.

Likewise, its second 2012 Sustainability Plan was launched. This is within the framework of the company's Corporate Responsibility Management System, in the stage of managing the changes necessary to maximise social and environmental opportunities, and consists of actions aimed at revising company processes and specific training for employees.

The Repsol Foundation carried out a number of projects in 2010 as part of its commitment to the sustainable improvement of society.

One special field of interest for the Foundation is that of public responsibility. The Citizen R programme can be included in this context. This is an initiative to promote a culture of civic participation and engagement, and to promote values such as responsibility, solidarity and respect. During 2010, the Citizen R caravan, a mobile unit with exhibitions and interactive games and workshops, moved around various Spanish cities raising awareness among children about the importance of making a responsible, efficient use of energy, and the need to respect and care for the environment. During its travels, the caravan received over 37,700 visits.

As part of its Energy Observatory, the Foundation updated its Energy Efficiency Index, which provides comprehensive and itemised information on its evolution and its contribution to reducing electricity consumption. It has also developed a new index on Intensity of Greenhouse Gas Emissions.

In the education and training field, in addition to scholarship programmes and collaboration with universities and other academic institutions, the Foundation fosters scientific research and the generation and dissemination of knowledge. In this sense it is worth mentioning Movilab, a programme developed with the Spanish National Research Council (CSIC) to bring science to the general public and, in particular, to promote an interest in science among schoolchildren. During the academic year, a mobile laboratory installed in a truck's trailer went to the main provincial capitals and other cities in Spain bringing interactive workshops prepared with teaching techniques and scientific rigour.

Contributing to the social and workplace integration of people with disabilities is one of the tasks in which the Foundation is increasingly involved, by working in educational, cultural and sports projects. In the last quarter of the year, in collaboration with the ONCE Foundation, the educational awareness programme Tu formación no tiene límites. Desarrolla tu futuro (Training is unlimited. Develop your future) started, with the aim of promoting access to university for people with disabilities and normalise their workplace integration process. Another noteworthy programme is the one carried out in collaboration with the Fundación Bobath, through which young people suffering from cerebral palsy and brain damage can have access to formal education in Administration, which provides them with employment opportunities. Regarding sports, the Foundation supports programmes that make it possible for athletes with various disabilities to practice mountain sports and adapted cycling in a relaxed environment and in the company of family and friends. Simultaneously and in collaboration with other entities, it promotes creative writing and theatre workshops specifically designed for people with disabilities. This line of action also covers the "Recapacita" (Reconsider) initiative, aimed at raising awareness in society about the problems faced by people with various types of disabilities. "Recapacita" is an interactive space with a circuit involving different senses showing, by means of a series of activities in which participants have to put themselves in a disabled person's position, the difficulties they face in their daily lives.

In the area of international cooperation and development aid, the Repsol Foundation has become actively involved in the rebuilding of Haiti. In addition to the initial donation of €100,000 and the collection of funds among our employees and the general public to help the victims of the earthquake, a global aid project has been organised to encourage the development and rebuilding of this Caribbean country. Through the initiative "Árboles solidarios" (Supportive Trees), 29,000 trees, of local species, will be planted to develop an agroforestry project.

In Senegal, collaborating with the Fundación Por Una Sonrisa (Foundation for a Smile) en Africa, several educational and health centres have been provided with infrastructure. These centres are located in several communities south of Dakar, and 6,000 people have benefited from this programme either directly or indirectly.

In the context of the International Year of Biodiversity, the Foundation has contributed to improving understanding of biodiversity and its importance for life and economic development through exhibitions and forums of reflection. Another factor that contributes to the development and progress of a community is the dissemination of art and culture. Consequently, the Foundation cooperates with museums, institutions and other cultural foundations to bring music, theatre, art and literature to the public.

The Foundation also promotes and develops social studies of general interest. Its research includes a number of areas: social observatory of energy, responsible mobility and science and society. In the area of responsible mobility, two complementary studies were presented in 2010: La alimentación en los viajes por carretera. Hábitos y comportamientos (Road Trip Diets. Habits and Behaviour) and Recomendaciones nutricionales durante los viajes (Nutritional recommendations for journeys), prepared in collaboration with the Spanish Nutrition Foundation to establish the most suitable dietary advice for various kinds of journey, considering factors such as population groups, type of journey, means of transport used and time of year. As a complement to these studies, and in collaboration with the Dirección General de Trafico (Spanish Department of Traffic), the Foundation prepared a set of good practices for good eating habits on the road, contributing to safer driving.

The Repsol Foundation undertakes its activities in those countries where the company operates its business, with specific projects adapted to the local needs. In Ecuador, for instance, it promotes a microcredit programme in the provinces of Orellana and Sucumbíos, designed for lowincome women who are excluded from formal financial systems, enabling them to generate their own employment resources.

In Peru, the Foundation has opened the Centre for Education and Integrated Human Development (CEDHI) for young people at risk of social exclusion in Arequipa; the educational infrastructure of Pachacutec has been extended by building a secondary school and a basic training space at the Centre for Education and Community Development (CEDEC), making the integration of young people at risk of social exclusion into the education system possible. Construction on the Luisa Astrain School has also begun in order to provide access to education for children living in extreme poverty. In Bolivia, in the area of health, the building of a paediatric and emergency section has been started to enlarge the capacity of the Hospital San José Obrero in Santa Cruz de la Sierra, an area with significant unmet needs in this field. Similarly, the Foundation continues to work on the healthy home programme to fight Chagas disease in some zones of the country.