Repsol YPF

Social commitment

For the second year in a row, Repsol YPF has been included in the  Dow Jones sustainability index. What's more, it has become the "Social Dimension" leader, according to this prestigious Index.

• Repsol YPF has received the best rating in the oil sector in aspects such as social impacts on communities and developing human capital.

• It has obtained ratings as a leader in transparency, customer relations, and climate change.

• Dow Jones considers Repsol YPF's strategy regarding climate the most advanced in the Oil & Gas sector.

Repsol YPF's social commitment encompasses both the employees who make up the company and the community which it is a part of. This relation is formalised by means of the Commitments to employees and to society which are included within the company's ethics framework.


The people who work in the Company, with their talent and commitment to our Vision, are the motors of the Repsol YPF's activity. For this reason, we strengthen our human capital and we provide it with the training and support needed in order for it to continue growing and developing. 

Furthermore, by carrying out our activity, we have established mutual benefit relations with the societies in which we are present, which allow us access to diverse natural resources and human capital, while at the same time we provide the community with innovation and technology, training and economic income in a framework that respects social and environmental balance.

In 2005, Repsol YPF has carried out its social commitment and has allocated 33 million euros towards the promotion of social and cultural projects, mainly in education and training, health, social integration and community development in the countries where the company is present, as well as the training and professional development of its employees.

For more information regarding Repsol YPF's social commitment, see the 2006 Corporate Responsibility Report.

Human Rights

The company understands human diversity as a source of competitive advantage which allows it to stand at the head of the competition by means of the integration of different people and the stimulus of mutual learning. As a result, attention to human rights and diversity are present in Repsol YPF's activities.

For this, respect and protection are reflected in the company's internal policies and also through its adhesion to external initiatives such as the Universal Declaration of Human Rights of 1948, the Declaration of the OCDE regarding Behaviour of Multinational Companies in Foreign Territory and the principles of the Global Compact.

Repsol YPF enunciates its Policy of Respect for People and their Diversity on the basis of these principles. Through this document, which is of a corporate nature, the company commits itself to carrying out all activities without any kind of discrimination, be it for race, gender, religious, political or union, nationality, language, age, sexual orientation, marital status, disability or social background reasons, or any other conditions.

Safety

The different social, political and citizen safety situations, where Repsol YPF is present, make it necessary for the protection and safety of personnel and installations to be guaranteed. For Repsol YPF, the carrying out of physical safety measures is of priority importance, both in order to evaluate its effectiveness, as well as to ensure the compliance with the law and the respect of human rights.

Repsol YPF gathers these ideas together in its Requirements for Physical Safety for Fieldwork Activities, whose international references are the  Global Compact of the United Nations (UN), the adhesion to the  Voluntary Principles on Security and Human Rights and the report from the  OGP Firearms and the use of force, with regard to the use of firearms and force.

For more information about the social commitment regarding human rights and safety at Repsol YPF, see the 2005 Corporate Responsibility Report .

Repsol YPF and its employees

The Vision, Values and Commitments of Repsol YPF make up the reference framework for the company's management of human resources with the aim of the organization of people being a competitive benefit for leadership. We promote mutual confidence in our relation with the groups of interest thanks to our ethical values which are implemented by means of our Repsol YPF Ethics and Conduct Regulation.

We develop the abilities of our employees by promoting the professional values of the company in order to attain excellence in management. We meet our commitment to recruit, motivate and keep on to the best professionals, creating an atmosphere of professional development and identification with the company. We protect, as a source of competitive advantage, the diversity of the human resources of our organisation, establishing a framework of non-integration of personal and professional life, formalised in our Policy of Respect for People and their Diversity.

The total number of people employed by Repsol YPF as of 31st December 2005 rose to 35,909, which is an increase of 7.71% in comparison with 2004. These figures are distributed throughout more than 20 countries in the following geographical areas: Spain 50.7%; Latin America 43.4% and Rest of the World 5.9%. By business areas, 8.6% of workers are found in Exploration and Production; 63.1% in Refining and Marketing (includes LPG);  8.9% in Chemicals; 5.9% in Gas and Power and 13.5% others.(*) 

In 2005 the number of employees rose by 2,572. The external rotating of permanent staff was 8.8% in 2005, whereas in 2004 and 2003 it was 8.4% and 6.8% respectively.

At Repsol YPF we look for coherence between people management practices with necessities and organisational objectives, in such as way that we can fill each position with workers who have the ideal profile, while motivating and keeping on to our highly-valued human capital. In 2005, the company invested 11 million euros in the training and development of its employees. The Integrated Management on the basis of competences is one of the main tools which contribute towards reaching this goal and, in this context, there are several processes which combine the training and motivation with the adaptation of the company's requirements:

• Management by objectives process
• Revision of performance and development planning process
• Evaluation by competences process                   

Training

Training is a key factor to success in the process of adapting the capacity and abilities of employees to the needs of the organisation in the achieving of strategic objectives. From an internal point of view, training processes promote a common culture, favour corporate cohesion, make response easier in the light of organisational and technological changes, however, they are also a means of external relation, contributing to the diffusion of the best practices in the sector and also the exchanging of experiences between professionals.

Within training there are corporate programmes, specific programmes and local programmes.

Discover all the options which Repsol YPF has to offer in Work with us.

Contributing to development in the community

Repsol YPF collaborates with society, providing answers to identified needs, by means of sustained investments which promote education, health, social integration, community development, the protection of the environment and culture.

In 2005, 22.7 million euros were destined towards the financing of 613 programs of a social and cultural nature by means of agreements of collaboration with 200 organisations worldwide.

Discover all the social and cultural projects carried out by Repsol YPF in 2005.

Social action

The Repsol YPF programmes encompass a wide variety of project which contribute to sustainable development in communities in which the company carries out its business and maintain criteria of durability, which ensure investment for the future which will provide communities with the ability for self-development.

Community development, education and training, health, social integration, the environment and corporate volunteer work are priority aims of Repsol YPF. Visit the Social and cultural action section for more information about this matter.

Our Foundations

As a complement to the actions carried out by the company, the Repsol YPF Foundation, YPF Foundation and the Repsol YPF Ecuador Foundation work on complementary strategic lines and allocate their resources mainly towards scientific research, promoting academic preparation among young people, as well as the international broadening of knowledge by means of education and culture.

If you wish, you can find more information about Repsol YPF's activity with regard to the matter of education (ISE, collaboration agreements, scholarships), forums and international studies and publications of the Repsol YPF Foundation. Likewise, if you wish, you can find out more about the objectives and projects of the YPF Foundation and those of the Repsol YPF Ecuador Foundation.

(*) Includes Corporate Centre + Central Countries (Argentina, Chile, Peru, Ecuador, Brazil) + AESA