REPSOL YPF : Repsol named most transparent and sustainable oil company in the world
September 08, 2011 at 12:50 pm EDT
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Repsol is ranked as the World leader in the Oil & Gas sector, obtaining the highest score on both the global and European indexes, ahead of companies such as Eni, Total, BG Group and Petrobras.
Only 20 Spanish companies have passed the rigorous selection process to be included in these indexes.
The company obtained the highest possible score in transparency, risk and crisis management, environmental management system, biodiversity, climate change strategy, refining and clean fuels, human capital development, social impact in the community and communicating with its stakeholders.
Repsol received the best rating in the sector for its customer relations, supplier and contractor standards, as well as for its corporate responsibility and philanthropy.
Antonio Brufau: “The leadership that Repsol has achieved in the Dow Jones 2011 indexes shows the effort made in all areas of the company, which integrates best practices in sustainability and transparency into its corporate culture.”
Press Release
8 September 2011 16:45 CET
Repsol has been recognised as a leader in the Oil & Gas sector in the 2011 edition of the prestigious Dow Jones Sustainability Indexes, obtaining the highest score out of 12 oil companies included in the global index (DJSI World), and 118 oil companies evaluated around the world. The company also leads the industry in the European Oil & Gas Index (DJSI Europe) which includes 3 European companies.
The company has been awarded the highest score in the DJSI World for transparency, risk and crisis management, environmental management system, biodiversity, climate change strategy, refining and clean fuels, human capital development, social impact on the community and communication with its stakeholders.
Repsol has also achieved the highest score in the sector for its customer relations management, corporate responsibility and philanthropy, and supplier and contractor standards.
Repsol has been included in the prestigious global sustainability indexes since 2006, Dow Jones Sustainability Index World (DJSI World) and the European index, Dow Jones Sustainability Index Europe (DJSI Europe). DJSI rigorously analyses and evaluates the behaviour and performance of companies based on economic, social and environmental criteria.
Since its inclusion in the DJSI, Repsol has always been amongst the best companies in its sector. The leadership achieved in this latest edition is a result of the effort made in all areas of the company, driven by its management team, to improve performance. This recognition demonstrates Repsol’s unequivocal commitment to transparency, corporate responsibility and ethical, environmental and social values as part of its corporate culture.
The Dow Jones Sustainability Index is a family of indexes whose members must demonstrate advanced practices in the different areas that constitute corporate responsibility. Only 10% of the 2,500 securities that make up the Dow Jones Global Index, made op of listed companies in major markets throughout the world, are included of the Dow Jones Sustainability Index, after passing a rigorous review and selection process.
Repsol S.A. is one of the largest oil and gas groups in Spain. The activity is organized into four sectors:
- refining and distribution (No. 1 in Spain): 42.1 million tons of crude oil refined in 2022 and 25.5 million tons of oil products sold (kerosene, gasoline, fuel oil, gas liquefied petroleum gas, etc.). At the end of 2022, the group operated 6 refineries located in Spain (5) and Peru and a network of 4,651 service stations located in Spain (3,304), Peru (567), Portugal (515) and Mexico (265). Repsol S.A. also sells lubricants, aviation fuels, bitumen and specialty products (7,261 Kt sold in 2022), liquefied petroleum gas (1,207 Kt sold) and petrochemicals (2.5 Mt of products sold);
- production of electricity and distribution of natural gas: 8,734 Gwh of electricity generated from renewables energy and 1,650 Gwh of gas sold in 2022;
- liquefaction, transportation and regasification of natural gas;
- exploration and production of oil and natural gas: 550,000 barrels of hydrocarbons produced per day in 2022.
Net sales are distributed geographically as follows: Spain (57.9%), Peru (7.2%), the United States (5.7%), Portugal (4.6%), and other (24.6%).