We try to manage our social investment projects with the same professionalism that we would apply to any of our activities. The aim is to meet the needs expressed by the community and promote sustainable operations.
These social investment projects are very diverse in nature, ranging from training and capacity building, including technical training relevant to the oil industry, to infrastructure development, such as investment in community health care, water and drains and sewers. In some cases, these projects are supported through international NGOs.
In 2011, spending on social investment by the company and its foundations came to €34.50 million, of which €29.35 million was discretionary spending and €5.14 million was required to meet contractual obligations. The biggest social investments outside Spain in 2011 were made in Argentina, Bolivia, Ecuador and Peru.
|Discretionary social investment (98)|
As in previous years, we used the methodology of the London Benchmarking Group (LBG) to report social investment. This provides a global overview and allows results to be compared with those of other companies using this same methodology. The LBG methodology guides the way in which the company reports its community contributions, whether they take the form of money, employees' time, in kind or in management costs.
The table below provides a breakdown of the amount we devoted to each kind of contribution in 2011:
|Type of contribution|
|Contribution in cash||23,596|
|Contribution of employees' time||3,019|
|Contribution in kind||495|
Our community contribution is broken down by project type in the table below:
|Social investment by type of project|
|Education and training||9,624||10,430||7,988|
|Local community development||7,202||6,337||7,017|
|Art and culture||3,186||3,637||2,118|
|Fees and associations||NA||965||853|
In 2011, social projects required the company to increase social investment in Bolivia and Venezuela.
|Distribution of social investment by country|
|Trinidad y Tobago||96||411||388|
The most significant variations in social investment related to:
Repsol, through our commitment to the UN Global Compact, encourages and promotes the achievement of the Millennium Development Goals (MDGs). In 2011, approximately 37% of our social investment projects were directly related to the Millennium Development Goals.
Social investment projects that contribute to the MDGs
|Eradicate extreme poverty and hunger||1,662|
|Achieve universal primary education||1,993|
|Promote gender equality and empower women||1,278|
|Reduce child mortality||820|
|Improve maternal health||26|
|Combat HIV/AIDS, malaria and other diseases||45|
|Ensure environmental sustainability||139|
|Develop a global partnership for development||2,472|
Obligatory contributions are those that we make as a result of legal, regulatory or contractual requirements. This kind of contribution was made in eight countries in 2011: Argentina, Bolivia, Colombia, Ecuador, Libya, Mexico, Peru and Venezuela.
|Social investment by type of contribution|
|€||Discretionary contribution||Obligatory contribution||Total|
|Trinidad and Tobago||388||388|
The Repsol Foundation maintained and strengthened its commitment to improving society and, to this end, worked on programs devoted to social inclusion, community development, sustainability and the promotion of art, science and culture.
In order to contribute most where we have unique strengths, such as energy, the environment and sustainability, the foundation has created the Repsol Foundation Entrepreneurs Fund, a pioneering initiative in Spain to promote business projects in energy efficiency that provide solutions save and make responsible use of energy. This initiative, which forms part of the foundation's commitment to improving the sustainability of current energy models, was conceived to attract talent, promote innovation and business development, generate economic activity and create jobs. The foundation will provide the Entrepreneurs Fund with up to €1.5 million a year, with the amount provided in 2011 standing at €670,000. The projects selected, up to a maximum of five per call, will receive technical, commercial, legal and financial advice, as well as economic support for as long as necessary for their development. Access to the market and the necessary business contacts will also be provided, to help consolidated projects move into the commercial stage.
The energy observatory continues to make progress with its reserch and publications on energy saving and efficiency. The Energy Efficiency Index and the Greenhouse Gas (GHG) Intensity Index were updated. The first measures overall energy efficiency, with a breakdown by economic sector in Spain; the second measures changes in the intensity of GHG emissions as a result of economic activity.
Promoting responsible citizenship is the aim of ciudadanoR, a project especially directed toward young people and children which encourages a culture of participation, respect and solidarity, as well as promoting responsible use of energy, respect for the environment and energy efficiency for sustainability. In 2011, the ciudadanoR trailer, a space equipped with interactive resources and various areas for workshops and games, went to Barcelona, Valladolid and Madrid in Spain, and to Lisbon, Sines and Porto in Portugal. In total it received more than 22,000 visits, of which more than 10,500 were from schoolchildren.
In the context of the European Year of Volunteering, the foundation set in motion its Volunteering Plan, to attend to the social concerns of the group's employees and their environment while contributing to building a better future for society. The plan, which was driven by senior management, was conceived by and for volunteers and covers a wide range of actions, especially in the social sphere, with initiatives aimed at training young people and programs to help the most disadvantaged groups. These include promoting values, intergenerational collaboration, sporting activities, environmental restoration and other online volunteering activities. The plan has six ongoing programs encompassing the work of more than 800 volunteers nationally and an extensive network of collaborators who contribute to the efficient running of these activities.
In keeping with the foundation's commitment to addressing new training and educational needs, a program of grants has been put together in collaboration with the Petronor, A Coruña and Tarragona refineries to promote vocational training among young people in the surrounding areas. In the last round, over 65 young people benefited from the awards. Similarly, to support postgraduate training and contribute to research, the foundation is collaborating with the Technical College for Mining Engineers in Madrid and the Technical College for Industrial Engineers in Madrid, with Repsol professorships. In addition, at Rovira i Virgili University the foundation is funding grants to enable students to access and continue their university studies who may otherwise have difficulty accessing studies of this kind. The Repsol Professorship of Competitiveness and Regional Development has also been established at the University of Lleida.
The foundation also supports the creation and dissemination of scientific knowledge. A collaboration agreement was signed with the Padres University Educational Foundation, represented by the philosopher and writer José Antonio Marina, to undertake a project to contribute to awakening interest in science and technology among young people. In the context of its agreement with the Spanish National Library, the Repsol Foundation sponsored a number of educational and cultural activities to bring science closer to people of all ages and to stimulate a taste for scientific knowledge. The foundation also supported training for South American specialists in the conservation of cultural and bibliographic heritage.
This is an area in which the foundation is increasingly more involved and, with cultural, sporting and educational initiatives, it has worked to achieve a social model that allows equal opportunities and fosters social inclusion and integration into the labor market for people with disabilities. In collaboration with the ONCE Foundation, the foundation continued its support for the program "Your training has no limits. Develop your future." And the program "Inclusive summer campuses. Campuses without limits." took place at six Spanish universities, with a total of fifty students with various disabilities taking part.
Recapacita, a project to raise awareness in society of the difficulties and barriers faced by disabled people in their daily life, is also part of the foundation's commitment to this group. The Recapacita marquee traveled to eight Spanish cities (Puertollano, Tarragona, Santander, A Coruña, Arteixo, Bilbao, Murcia and Madrid) receiving a total 17,000 visitors.
In recognition of its work to integrate disabled people into the labor market, in 2011 the Repsol Foundation was awarded the Prodis and Discapnet prizes.
The foundation sponsored research into "Social aspects of sustainable mobility", which reveals the habits and behavior of Spanish society with regard to mobility and the impact of current models of behavior. In the Energy Social Observatory, the Repsol Energy Efficiency Social Indicator was updated; the indicator analyzes the habits, beliefs, knowledge and aptitude of Spanish society with regard to energy consumption and identifies mechanisms and tools for improving energy efficiency.
In the countries where we are present, the foundation carries out programs to promote community development and improve quality of life, undertaking projects that are specific and appropriate to the needs of each area. Thus, in Peru a program is being carried out aimed at young Pachacútec and Arequipa people with limited resources, giving them access to education and fostering their subsequent integration into the labor market.
Also in Peru, the foundation supported the construction of the Luisa Astrain school, at which 375 pupils enrolled in the first year of academic activities. With this initiative, the Pachacútec community will be able to provide opportunities for 1,000 schoolchildren, beginning in infancy, allowing children in situations of extreme poverty access to a high-quality education.
In Colombia, the foundation helped to build and equip the Child Development Center (CIDI) in Cartagena de Indias, offering medical attention to babies, to respond to the health problems identified in the area and help reduce infant mortality.
Health projects in Bolivia include the consolidation and expansion of the infrastructure at the San José Obrero de Portachuelo hospital in Santa Cruz de la Sierra, a town with a very fragile public health situation and critically high mortality rates among mothers and children under five. This initiative will help meet the healthcare needs of the population, which currently exceed the hospital's capacity to treat patients.
Support for culture is another factor that helps society to develop and progress. With various initiatives and in collaboration with other institutions, the foundation brings the public into contact with literature, music, theatre and art.
These programs and other initiatives reflect the Repsol Foundation's commitment and its contribution to improving society and people's well-being.
In June 2011, this foundation took part in the second phase of the call for proposals (CAP) by the Spanish Agency for International Development Cooperation (AECID) within the area of business cooperation.
The aim of this area of action is to finance development initiatives based on cooperation with the business sector. Its strategic goal is to increase the impact of private sector resources and actions by promoting collaboration between parties involved in development and aligning them with the priority areas defined in the Outline Plan for Spanish Cooperation 2009-2012. Based on the outcome of the CAP, the Repsol Foundation Ecuador will provide funds for a project in Ecuador to be managed by a third party: The Netherlands Development Organization (SNV).
The project will be jointly financed by the AECID with a grant of €149,932 and the Repsol Foundation Ecuador with €178,676. The total funding for the project comes to €328,608 and this will be handed over to SNV.
SNV is a non-profit organization which has been legally established in Ecuador since April 22, 1991; it is present in 33 countries on three continents and, with local and international employees, provides technical help and training to support capacity building in organizations. It has one main mission: "To contribute to the fight against poverty and the improvement of governance." In Latin America, SNV has a team of more than 200 employees in seven countries.
The project beneficiaries are largely settlers and, to a lesser extent, indigenous populations, most of them from the Amazonian Kichwa (Naporunas) ethnic group. Of these groups, it is estimated that approximately 15% are organized around some form of production or business and that the associative marketing of their products represents less than 10%, being dependent on chains of intermediaries.
The project will have a bearing on improving the economic base and the broader redistribution of wealth within it. One of the most important of the relevant business organizations is the company Asociativa Rural Aroma Amazónico, which represents 15 organizations of the Sucumbíos and Orellana regions, with around 900 members and more than 1500 trading partners. The project will work toward the consolidation of economic and social networks of this kind.
National institutions and programs, such as the National Program for Inclusive Rural Business (PRONERI), the Ministry of Agriculture, Livestock Farming, Aquaculture and Fisheries (MAGAP) and the Ecuadorian Professional Training Service (SECAP), will be involved in the project, while at local level the Municipal Departments for Sustainable Development (DMDS) will also be involved.
More information on Repsol's social investment projects in each country can be found at
More information on the Repsol Foundation and all its programs can be found at fundacionrepsol.com