Development and impact of infrastructure investments and services supported
We identify and enhance the positive impacts and shared value in the regions where the company operates as the result of consensus with the local communities, in a manner that is culturally appropriate. The context determines the scope and procedure for our investments. The following are a few examples:
Indonesia: "Drinking water for all". This is one of our volunteer social investment projects in the Sakakemang region, where we assist the government in providing access to drinking water for 10 villages located in our area of operations. This region had a high ratio of disease caused by poor access to drinking water, especially during the dry season. We invested over $10,000 in local development to assist sustainability projects to provide access to drinking water for families in 10 villages located in our area of operations, thereby reducing disease.
Peru: “Equipment for the Nuevo Mundo Health Center" in Peru. This is a volunteer social investment project in the Kinteroni region to assist the local biomedical team at the Nuevo Mundo Health Center. We have assisted the healthcare service at the Nuevo Mundo facility by improving the health conditions of local people, reducing the rate of Acute Respiratory Infections (ARI) and improving prenatal control.
Venezuela: "Implementation of a renewable energy system" in Venezuela. This is a mandatory social investment project for the La Macolla community in the Cardón IV sector, which has no connection to the country's electricity grid. The aim was to provide access to electricity for the 141 inhabitants, on an investment package of approximately €250,000. The project was carried out in a sustainable fashion with wind turbine systems.
Canada: we provided assistance with the "Provost and District Health Services Foundation" emergency unit. This included assistance with the intensive care unit (doctors, surgeons and obstetricians), emergency unit and long-term care programs. Staff was backed up by online physiotherapy, occupational therapy, recreational therapy and nutrition services.
Social investment figures
In 2016, social investment by the Repsol Group, including its two foundations, came to €37.01 million, of which €19.83 million were voluntary contributions and €17.08 million to meet contractual or legal obligations.
Furthermore, we have allocated €0.1 million to communities as compensation, arising from studies of the environmental, social, and health impact caused by our projects.
Voluntary social investment
This includes social programs that we implement voluntarily or are derived from voluntary agreements with the communities.
|VOLUNTARY SOCIAL INVESTMENT (MILLIONS OF EUROS)|
Does not include contributions to associations.
|VOLUNTARY SOCIAL INVESTMENT BY TYPE OF CONTRIBUTIONS (MILLIONS OF EUROS)|
|Contribution in money||18.27|
|Contribution in time||0.39|
|Contribution in kind||0.36|
|VOLUNTARY SOCIAL INVESTMENT BY TYPE OF PROJECTS (MILLIONS OF EUROS)|
|Boosting and strengthening capacities and knowledge in local communities.||13.69|
|Local development of business and opportunities for local suppliers||4.02|
|Synergies in development of local infrastructures||0.50|
|Enhancing access to energy||0.47|
|Conservation of the local environment||0.59|
Management costs not assigned to specific projects €0.56 (Million).
Voluntary social investment was distributed by country in the following way:
|VOLUNTARY SOCIAL INVESTMENT BY COUNTRY (MILLIONS OF EUROS)|
|Papua New Guinea||-||-||0.04|
|Trinidad & Tobago||0.41||0.63||0.25|
Obligatory social investment
These are contributions that we make as a result of legal, regulatory requirements in the country or those stipulated in the operations agreement. These contributions may be fully managed by the company (through social programs) or by a third party (such as the national hydrocarbon company, institution or government agency), to whom we transfer the relevant contribution.
Obligatory investments made in 2016 have reached €17.08 million and were made in Brazil, Canada, Colombia, Ecuador, United States and Venezuela.
|OBLIGATORY SOCIAL INVESTMENT BY COUNTRY (MILLIONS OF EUROS)|