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Our activity and its impact on communities

In November, we approved a global policy that establishes basic guidelines for a preventive approach to people and the environment in all our operations.

Our aim is to make sustainable investments that benefit Repsol and also the communities affected by our operations. We contribute to local development in different ways: through the tax that we pay, the personnel we hire, the goods and services that we buy from local firms and the social investments made directly in the local communities in the areas affected by our projects.

In 2011, hundreds of communities were directly or indirectly affected by our upstream activities and more than ten cities and their outlying populations were affected by our industrial complexes.

We are committed to working to maximize positive aspects and opportunities to generate shared value and to prevent and minimize negative impacts through dialog and community involvement. This commitment is contained in our Policy on Community Relations.

Assessing social and environmental impact

We established a new worldwide Regulation on Environmental, Social and Health Impact Assessment, approved in November 2011. Among other things, it obliges us to carry out environmental impact assessments on new projects, establish human rights impact assessments and respond to the latest trends in health impact assessment.

The regulation lays down the basic guidelines for the assessment of the environmental, social and health impact of the company's activities, to enable a preventative approach to impacts on people and the environment implicit in our Ethics and Conduct regulation and our Health, Safety and the Environment, Community Relations and Relations with Indigenous Communities policies.

In its social aspect, the main contribution of the regulation is to establish a human rights impact assessment, which responds to the recent adoption by the United Nations (UN) of the framework for business and human rights, known as "Protect, Respect and Remedy", and the guiding principles for implementing it.

Moreover, the occupational health area will be involved with this regulation, to respond to the latest trends in health impact assessment, including action with local communities and giving consideration to health matters in the early stages of projects.

Before being approved, the regulation was put out for consultation with various agencies concerned with protecting human rights, fighting poverty and protecting workplace standards. Virtually all of their comments have been incorporated.

This regulation will apply in all of the companies where Repsol has operating responsibility. In the case of assets not operated by Repsol, we will encourage adherence to the criteria defined in this regulation.

In addition, in 2011 the Upstream area compared its regulation on Environmental, Social and Health Impact Assessment (ESHIA) against this new corporate regulation. This analysis allowed us to identify the differences between this and the new regulation, which include human right matters, During the course of 2012, the Upstream area will continue to work on formally reviewing this and other related policies and on implementing all of them, to learn about and promote the new human rights requirements that have been laid down companywide.