Repsol S A : 2021 Sustainability Plans - Innovation and technology

INNOVATION & TECHNOLOGY

2021 Sustainability Plans

Contents

1 Our visión of sustainability

2 Innovation & technology

3 Balance

4 List of actions

5 Annexes		Countries				10
		Industrial Complexes			28

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6 More Information	39

Legal Notice

This Sustainability Plan includes a set of actions which, in whole or in part, go beyond what is required by law and are aimed to contribute to sustainable development. Participating companies of Repsol Group have the firm intention to undertake and fulfill them. However, they reserve the right to modify, postpone or cancel their implementation without incurring liability, but undertake to publicly justify these possible cases.

© REPSOL, SA 2021-2022: All rights reserved. This document is the exclusive property of REPSOL, S.A. and their total or partial reproduction is allowed only for non-commercial distribution.

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1 Our visión of sustainability

At Repsol, we contribute to sustainable development by seeking to satisfy the growing demand for energy, which is essential for the fulfillment of people's fundamental rights, and by creating value in both the short and long term.

We maximize our positive impact and minimize our negative impact on society and the environment throughout our value chain by acting ethically and transparently. In doing so, we seek to comply not only with the regulations in force but also with the main international standards.

Under these premises, our sustainability model incorporates ethical, environmental, and social considerations into our decision-making process, based on dialogue with stakeholders. We do this every year, creating initiatives that address the concerns of these stakeholders. This is how the Sustainability Plans - action plans that are available to the public and created on an annual basis - are born. The Global Sustainability Plan is the roadmap forming the basis for deployment of Local Plans. The plans also contain commitments in relation to the local context.

The Sustainability Plans are put together on the basis

of the six axes of Repsol's Sustainability Model.

		Innovation							Environment	Climate
		and technology							change
We encourage innovation
and incorporate
technological advances							People	Ethics and
to improve and develop									transparency
ourselves and our
environment

Safe and secure operation

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2 Innovation & Technology

AT REPSOL, WE CONTRIBUTE TO SUSTAINABLE DEVELOPMENT

Advancing in the decarbonization of processes and products and in Sustainability is a key objective in the future strategy of our industry. For this reason, at Repsol, we are strongly committed to the decarbonisation of our industrial and transport production, counting on a strong investment in R&D&i at our research center (Repsol Technology Lab).

Also since its creation in 2017, Repsol's Digitialization Program has maintained a firm commitment to Sustainability. On a transversal basis, this program is contributing to the digital transformation of Repsol's business units, obtaining impacts throughout the entire value chain.

Repsol Technology Lab promotes open innovation, that is, collaboration with the innovative ecosystem by building a work environment capable of accelerating the full deployment time of disruptive technological products. This collaboration model is essential to obtain successful results and build more efficient and sustainable energy systems.

As an example of open innovation, Repsol has an investment fund that is intended to acquire stakes in start-ups that offer solutions in three areas of action: decarbonisation and circular economy, advanced mobility and renewables, and digital technology and asset optimization.

The different Sustainability Plans include a commitment to the following actions, in step with the lines of work that Repsol has set on this axis of the sustainability.

The actions that make up in Innvation& Technology issues in the Sustainability Plans help support the United Nations' 2030 Agenda by addressing the following Sustainable Development Goals (SDG):

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3 Balance

At the end of the year, it is time to review each of the Innovation and technology initiatives of the Sustainability Plans . The degree to which the objectives have been fulfilled is as follows:

27Actions 89% Fulfillment

Further down, we provide the actions from the Innovation and technology axis.

Number of actions in Innovation and Technology

Canada		Norway
2
		1
	2 Petronor
United	2 A Coruña
		Cartagena1
1 Sines
States	4 Puertollano
2
Mexico
2	Venezuela1
	Algeria
2 Colombia			1
					Indonesia
3 Peru	Brazil
2
	1

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