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Corporate Responsibility · Our relationships · Local communities · Community investment

Our community
investment

Repsol YPF invested more than 29 million euros in social investment projects. We have contributed to achieving the United Nations' Millennium Development Goals with more than 750 projects.

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)
€ Millions 2009 2010 2011
Social investment 30.25 29.93 29.35

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
€ Thousands 2011
Contribution in cash 23,596
Contribution of employees' time 3,019
Contribution in kind 495
Management costs 2,246
Total 29,357

Our community contribution is broken down by project type in the table below:

Social investment by type of project
€ Thousands 2009 2010 2011
Education and training 9,624 10,430 7,988
Local community development 7,202 6,337 7,017
Social integration 4,963 3,898 6,329
Health 2,231 2,144 2,470
Environment 2,743 2,050 2,117
Art and culture 3,186 3,637 2,118
Humanitarian aid 299 530 464
Fees and associations NA 965 853
Total 30,248 29,993 29,357

In 2011, social projects required the company to increase social investment in Bolivia and Venezuela.

Distribution of social investment by country
€ Thousands 2009 2010 2011
Spain 10,233 12,319 14,114
Argentina 13,444 6,254 4,486
Algeria 37 458 235
Bolivia 506 1,164 1,366
Brazil 307 738 677
Canada 119 163 121
Colombia 72 275 223
Ecuador 843 1,576 1,495
Libya 1,516 671 636
Mexico 63 34 12
Perú 1,362 4,830 4,503
Portugal 388 390 222
Trinidad y Tobago 96 411 388
Venezuela 405 131 296
Otros 857 577 581
Total 30,248 29,993 29,357

The most significant variations in social investment related to:

The Millennium Development Goals

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
(€ thousands)
Millennium Goal 2011
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
Total 8,435

Obligatory contributions

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
Spain 14,114 14,114
Argentina 4,486 4,486
Argelia 235 235
Bolivia 1,366 1,366
Brazil 677 1,584 2,261
Canada 121 121
Colombia 223 91 314
Ecuador 1,495 130 1,625
Libya 636 636
Mexico 12 106 118
Peru 4,503 1,116 5,620
Portugal 222 222
Trinidad and Tobago 388 388
Venezuela 296 2,116 2,411
Other 581 581
29,357 5,144 34,501

Repsol Foundation in 2011

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.

Innovation and energy efficiency

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.

Training young people

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.

Integrating disabled people

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.

Local community development

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.

Repsol Foundation Ecuador

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.

Description and beneficiaries of the project

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.

Expected results of the project

  • Participatory development of inclusive businesses: 50 representatives from the public and private sectors will be trained and guided to formulate ideas for inclusive businesses, and part financing will be provided for the implementation of the best five projects. An information system for monitoring and assessing their impact will be implemented, to which the key parties in the business will have access. It is hoped that five inclusive businesses will be set up benefiting 1,000 families.
  • Developing products and services: Support tools will be designed, such as supplier development programs, a mechanism for resolving conflicts between businesses and suppliers, a minimum standard for inclusive businesses, supplier loyalty programs and impact measurement. Members of the value chain will also be involved, so that they can develop, adapt and validate their products and services (technologies, improved varieties) and it will continue supporting the Ministry of Agriculture, Livestock Farming, Aquaculture and Fisheries' national program of inclusive rural businesses in the region; as well as the Ecuadorian Professional Training Service (SECAP) for training and work experience programs.
  • Access to financial services: The project will promote opportunities to invest in inclusive businesses involving organizations of small producers, cooperative businesses or SMEs among different providers of financial services, which will contribute to the strengthening of their financial culture and structures.
  • Developing and coordinating public-private networks: The Municipal Departments for Sustainable Development (DMDS) in the towns of Lago Agrio in Sucumbíos and Puerto Francisco de Orellana in Orellana will promote the establishment of a support network for inclusive businesses, as a space for public-private coordination, where results will be shared and compared.

More information on Repsol's social investment projects in each country can be found at comunidades.repsol.com
More information on the Repsol Foundation and all its programs can be found at fundacionrepsol.com

(98) In 2011, management costs in time and in kind were estimated, based on the data reported and verified in 2010, accounting for 19.6% of the total for social investment.