Social investment helps us meet two of our most important commitments with regard to communities: to maximize positive impact and meet the expectations identified by the community. Our focus is clear and based on obtaining long-term benefits, taking into account opportunities for sustainable socio-economic development and for sharing values with the communities.
We channel our social investment projects through the Company's businesses and corporate areas, the volunteer work of Repsol employees, and the Repsol foundations in Spain and Ecuador.
We support development programs that meet local expectations and needs and are relevant for our business units. We use the information that we obtain from our relationship with local communities and the impact studies that shape our work with local partners to obtain positive and long-lasting impacts.
The main areas where we voluntarily focus our social investment are:
Also, Fundación Repsol carries out projects of its own or in collaboration with renowned entities in areas where, thanks to the knowledge, skills, and experience of the entities and of Fundación Repsol itself, we can make a greater contribution.
All of these contributions allow us to help achieve global goals on an international level, such as the Sustainable Development Goals (SDGs) put into place by the United Nations.
Its initiatives and projects are focused on Social Energy and its objective is to contribute to the wellbeing of society, improve people's quality of life, and achieve greater social, educational, environmental, and cultural development, acting especially in areas where the company operates. In addition we cooperate with a variety of different entities to develop programs that have a positive impact on the environment and meet the specific needs of the communities.
In 2015, Fundación Repsol carried out more than 150 initiatives and collaborated with more than 200 entities.
All of these contributions allow us to help achieve global goals at the international level, such as the Sustainable Development Goals (SDGs) put into place by United Nations.
Includes the social programs we implement voluntarily or which arise from voluntary agreements with communities.
We classify each voluntary social investment project into one of the following categories:
|Type of project||Distribution of investment|
|Education and training||14%|
|Art and culture||17%|
|Trinidad and Tobago||0.43||0.41||0.63|
|Rest of world (Algeria, Morocco and Norway)||0.29||0.66||0.16|