We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
Deputy CEO of Repsol is President of FuelsEurope (Up to date as of July 2023)
Luis Cabra
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Repsol is a direct member of FuelsEurope
InfluenceMap Data Point on Corporate - Influencer Relationship
Deputy CEO of Repsol is President of FuelsEurope (Up to date as of July 2023)
Luis Cabra
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Repsol is a direct member of FuelsEurope
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol has identified that there are some differences between it and API on some climate policy issues in its 2022 review of industry associations. Repsol does not appear to have put API on clear, time-bound review to make changes. (Up to date as of July 2023)
not specified
From 2022, Repsol is represented in API’s Board Member of Directors so that we will be better positioned to support the organization in further developing key policy positions. Repsol continues to maintain its classification as "partially aligned" for this year, while it welcomes the significant progress made, and it will continue to evaluate and support further positive progress
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is one of over 100 Direct Members of API
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol has identified that there are some differences between it and API on some climate policy issues in its 2022 review of industry associations. Repsol does not appear to have put API on clear, time-bound review to make changes. (Up to date as of July 2023)
not specified
From 2022, Repsol is represented in API’s Board Member of Directors so that we will be better positioned to support the organization in further developing key policy positions. Repsol continues to maintain its classification as "partially aligned" for this year, while it welcomes the significant progress made, and it will continue to evaluate and support further positive progress
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is one of over 100 Direct Members of API
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of the IBP through a joint partnership with Sinopec, and participates in several of its boards and committees (Up to date as of July 2023)
Mariano Ferrari, Gilberta Lucchesi, Andrés Sannazzaro, Gustavo Beck
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of the IBP through a joint partnership with Sinopec, and participates in several of its boards and committees (Up to date as of July 2023)
Mariano Ferrari, Gilberta Lucchesi, Andrés Sannazzaro, Gustavo Beck
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive is on the board of Amexhi (Correct as of July 2023)
Sergio Limardo
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a direct member of the AMEXHI
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive is on the board of Amexhi (Correct as of July 2023)
Sergio Limardo
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a direct member of the AMEXHI
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol discloses its membership to CAPP in its 2022 CDP Climate Change Disclosure (Correct as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Repsol is a board member of CAPP
Peter Medlam
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol discloses its membership to CAPP in its 2022 CDP Climate Change Disclosure (Correct as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Repsol is a board member of CAPP
Peter Medlam
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The Chief Executive Officer of Repsol J. Jon Imaz is a member of NPC (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO of Repsol is a member
J. Jon Imaz
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The Chief Executive Officer of Repsol J. Jon Imaz is a member of NPC (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO of Repsol is a member
J. Jon Imaz
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IOGP (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a Direct Member of IAOGP
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IOGP (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a Direct Member of IAOGP
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol Quimica is a corporate member of Cefic (as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Repsol is a member of the executive committee of Cefic (Up to date as of August 2022)
José Luis Bernal Catalan
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Executive of Repsol is a member of the executive committee of Cefic
Juan Carlos Ruiz
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol Quimica is a corporate member of Cefic (as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive of Repsol is a member of the executive committee of Cefic (Up to date as of August 2022)
José Luis Bernal Catalan
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Executive of Repsol is a member of the executive committee of Cefic
Juan Carlos Ruiz
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol has a membership in the Canadian Chamber of Commerce (Correct as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
a subsidiary of Repsol is a member of CCoC
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol has a membership in the Canadian Chamber of Commerce (Correct as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
a subsidiary of Repsol is a member of CCoC
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a strategic partner of IATA (up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a strategic partner of IATA
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a strategic partner of IATA (up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a strategic partner of IATA
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IETA (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IETA
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IETA (Up to date as of July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IETA
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jose Luis Munoz, CEO of Repsol Sinopec UK, is a board member of Offshore Energies UK - No longer board member. Repsol Sinopec remains a member of OEUK (Up to date as of July 2023)
Jose Luis Munoz
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A joint venture, Repsol Sinopec UK of Repsol is a board member of Oil and Gas UK
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jose Luis Munoz, CEO of Repsol Sinopec UK, is a board member of Offshore Energies UK - No longer board member. Repsol Sinopec remains a member of OEUK (Up to date as of July 2023)
Jose Luis Munoz
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A joint venture, Repsol Sinopec UK of Repsol is a board member of Oil and Gas UK
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Policy Engagement Overview: Despite support for top-line climate targets, Repsol appears to be predominantly negative in its engagement with climate policy. The company has also advocated for the long-term role of fossil gas in the energy mix.
Top-line Messaging on Climate Policy: Repsol appears broadly supportive of climate policy in its top-line messaging. In its Climate Policy Positions publication, published July 2023, the company stated that it supported limiting global temperature increase to well below 2ºC, with efforts to limit increase to 1.5°C. In the same publication, Repsol appeared to support the goals of the UN Paris Agreement and carbon pricing measures to achieve net zero emissions.
Engagement with Climate-Related Regulations: Repsol appears to have taken predominantly negative positions on specific policies to reduce emissions. In a May 2023 consultation response, the company appeared to advocate to weaken the EU heavy-duty vehicle CO2 emission standards. In April 2022 public comments, Repsol did not appear to support the EU Methane Regulation for the energy sector, by advocating against leak detection and repair standards and flaring requirements.
Repsol does not appear to support specific carbon pricing policies in the economy, For example, in a November 2021 consultation response on the EU’s Carbon Border Adjustment Mechanism (CBAM), Repsol appeared to support the policy while continuing to advocate for the free allowances and the continuation of existing carbon leakage protection measures under the EU Emission Trading Scheme (EU ETS) until 2030 or later. In a different November 2021 consultation response, Repsol also appeared to oppose a cross-sectoral correction factor being applied to the EU ETS and the reduction of free allowances, adding that the ‘unrealistic’ tightening of EU ETS benchmarks could weaken carbon leakage protection.
The company also appears to be negatively engaged on other forms of climate regulation. Repsol also responded to a consultation on the EU’s Energy Efficiency Directive (EED) in November 2021, in which it did not support the exclusion of fossil gas counting towards energy saving obligations and did not appear to support any binding targets. Further, in a November 2021 consultation response, Repsol supported the Renewable Energy Directive (RED) with major exceptions, advocating for a technology-neutral approach and for recycled carbon fuels to be allowed for compliance.
Positioning on Energy Transition: Repsol appears to be supporting a continued role for fossil fuels in the energy mix. In the company’s Climate Policy Positions publication, published in July 2023, it appeared to advocate for the role of fossil gas to replace coal power, without clear conditions for CCS or methane emissions abatement. Repsol chairman Antonio Brufau Niubó, labelled the replacement of fossil fuels as “hasty and unrealistic” and supported the long-term role of oil and gas in the company’s 2022 Integrated Management Report, published in February 2023.
Repsol does not appear to support the decarbonization of the transport sector. For example, Repsol CEO Josu Jon Imaz advocated for Spain to overturn its ban on new fossil gas investments and opposed the Spanish government’s 2035 phase-out target for internal combustion engine (ICE) vehicles in a March 2023 La Vanguardia article. The company also signed a February 2023 joint statement which supported the long-term role of ICE heavy-duty vehicles.
Industry Association Governance: Repsol published a review of its industry association links in July 2022 and has not published an update in 2023. In the review, it has listed its membership to industry associations it holds a membership with, including details of the type of membership held, but with limited details of how the company influences or attempts to influence their climate change policy positions. The review excludes the company’s membership to Canadian Association of Petroleum Producers (CAPP), an association that negatively lobbies on climate-related policy. Nevertheless, the company identified one case of partial misalignment with the American Petroleum Institute (API), as it did in its 2021 and 2020 reviews. However, it continues to hold a membership with API despite evidence of consistently negative positions on climate policy and the energy mix. Repsol also retains memberships to other industry associations that lobby negatively on climate-related policy, such as BusinessEurope and FuelsEurope.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2023.