Repsol YPF

Consequently, Repsol YPF embraces the Universal Declaration of Human Rights, and in 2002 adopted the Principles contained in the United Nations Global Compact on human rights, work standards, and care for the environment, promising to work in the support and promotion of these principles in the oil and gas industry.

Furthermore, the Company adheres to the principles established in the Declaration of the International Labour Organization and in the OECD Guidelines on Multinational Enterprises, as well as the principles and lines of action established in documents drafted by the Oil and Gas Producers Association (OGP), of which the Company is a member.

The Corporate Reputation Committee (CRC), in which members of the affected areas are represented, is responsible for drafting and following up a Human Rights policy, with the Corporate Director of External Relations, as Chairman of the CRC, reporting directly to the CEO on these matters.

The Policy of Respect for People and their Diversity is expressed as follows:

Convinced of the dignity of each individual and their rights, Repsol YPF is firmly committed to implementing all its actions without any type of discrimination based on race, religious or political beliefs, trade union affiliations, nationality, language, age, sexual orientation, civil status, disability, economic position, social class, or any other consideration.

The Company, moreover, understands that human diversity is a source of competitive advantage that enables us to position the Company with respect to our peers by integrating people from different backgrounds, thereby encouraging a mutual learning experience.

It is essential, in the current business environment, to take advantage of the potential afforded by diversity. We are not merely committed to respecting diversity, but will endeavour to promote and develop it, defending equal opportunities for all employees and respect for the individual.

For this reason, human rights and diversity are inherent to all our actions in all areas and in respect to all our stakeholders, and expressed as follows:

- In relations with employees: Repsol YPF, acknowledging all the rights of its employees, embraces the principle of non-discrimination, encourages equal opportunities and the valorisation of diversity. The evaluation of all Repsol YPF employees will be based on their talent within their diversity, and measures tending towards a balanced professional and personal life will be held in place. Moreover, the Diversity Policy serves as a benchmark in personnel management when it comes to decisions regarding selection, training, promotion, expatriation, succession, mobility, etc.
Repsol YPF clearly guarantees, with respect to any of its employees:
- The right to health and safety, both industrial and personal, and in all operations and facilities.
- The right to join the trade union of their choice.
- The right to receive equal pay for the same job.
- The right to equal opportunities.
- The right to receive training.
- The right to respect for their diversity.

- In relations with customers and suppliers: Repsol YPF prohibits any type of discrimination with respect to its customers and suppliers and, appreciating that established collaborations are increasingly more multi-cultural and global, the Company promotes human rights in all its spheres of influence. Furthermore, the Company uses new technologies in its supplier selection systems within a framework of loyal and transparent competition.

In all its customer and supplier relations, Repsol YPF clearly expresses its:
- Commitment to non-discrimination on any grounds.
- Commitment to respect human rights in its customer and supplier relations.

- In relations with shareholders: Repsol YPF is conscious of the importance of its shareholders for the realization of operations and will do everything possible to encourage and strengthen their confidence in the Company. It will also seek the support of new technologies to provide information on its performance and operations in an expeditious, clear, and safe fashion.
Repsol YPF clearly guarantees to all its shareholders:
- The right of access to transparent and accurate information regardless of the shareholders rank, position, or origins.

- In relations with society and the communities in which we operate: Repsol YPF promises society and the communities in the proximity of its operations essentially through the economic activity inherent to its business activities that it will comply with local laws and promote the development and defence of human rights.
With respect to society and the communities surrounding its operations, Repsol YPF clearly expresses its:
- Commitment to the non-exploitation of minors.
- Commitment to making the development of energy sources compatible with the sustaining of close and positive relations with the communities involved.
- Commitment to promoting human rights in its sphere of influence.
- Commitment to supporting local development.

Repsol YPF employees should treat each other with respect and cordiality, abstaining from aggressive or discriminatory conduct of any description.

The behaviour of our management staff shall serve as an example, ensuring that there is no discrimination, harassment, abuse of power, offensiveness, or other type of aggressiveness or hostility which may contribute to an environment of intimidation within our Company. Moreover, they agree to promote relationships based on freedom, equality and respect for the individual, both within the Company and with respect to our customers, suppliers, partners, shareholders and the community. All Company managers will adhere to this policy and reaffirm their commitment to diversity.

The Company's training programme will include this policy and encourage the participation of its employees in actions aimed at supporting human rights in the community. The monitoring of the aforementioned principles is described in the Guide for Monitoring the Policy of Respect for People and their Diversity, a document which serves as a reference on this subject for the Company's employees.

The Repsol YPF Social Responsibility Report, published annually, will include a report on corporate human rights, concentrating on the related policies and their implementation, and will include the relevant indicators based on the Global Reporting Initiative model.

If you wish, you can download the Policy of respect for People and their Diversity. In order to download the document: