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 August 2022)
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 August 2022)
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 it's 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 August 2022)
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 it's 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 August 2022)
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 August 2022)
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 August 2022)
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 (updated February 2023)
Sergio Limardo
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 (updated February 2023)
Sergio Limardo
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)
Jose Luis Munoz, CEO of Repsol Sinopec UK, is a board member of Offshore Energies UK (Up to date as of August 2022)
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 (Up to date as of August 2022)
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)
Repsol is a member of IOGP (Up to date as of August 2022)
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 August 2022)
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)
The Chief Executive Officer of Repsol J. Jon Imaz is a member of NPC. (Up to date as of August 2022)
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 August 2022)
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 Quimica is a corporate member of Cefic (as of October 2022)
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 October 2022)
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.
not specified
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.
not specified
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 August 2022)
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 August 2022)
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 August 2022)
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 August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Repsol is a member of IETA
not specified
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 Lobbying Overview: Repsol appears to show mixed support for specific climate policy to respond to climate change. The company appears supportive of top-line targets and statements. While the company has advocated for switching from coal to fossil gas in the energy mix, it appears to view fossil gas as a long-term energy source rather than as a transition fuel.
Top-line Messaging on Climate Policy: Repsol appears broadly supportive of climate policy in its top-line messaging. In Repsol’s 2022 Global Sustainability Plan, it stated that it supported limiting global temperature increase to well below 2ºC while in its 2022 climate change policy positions document, it stated support for the Paris Agreement as well as stating support for a global carbon price. However, Repsol also stated that climate policies should be technological neutral and not impose ‘deterministic solutions’. In a November 2021 consultation response, Repsol appeared to support the EU Green Deal target of reaching climate neutrality by 2050 as well as the increased 2030 GHG target of 55% by 2030.
Engagement with Climate-Related Regulations: Repsol appears to have shown mixed support for specific policies to reduce emissions. In a November 2021 consultation response on the EU’s Carbon Border Adjustment Mechanism (CBAM), it 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 separate consultation from the same month, Repsol stated that the CBAM should not replace free allocation in the EU ETS. In the same 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. Repsol also submitted a consultation on the review of 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.
On transport, in March 2021, a Freedom of Information request appeared to show Repsol supporting minimum blending mandates for sustainable aviation fuels through the ReFuelEU policy. On transport greenhouse gas emissions standards, Repsol advocated for the inclusion of "renewable and net-zero-carbon" fuels for compliance which could weaken stringency of the policy, while in a separate consultation in February 2021, Repsol appeared to advocate for a later 2040 EU phase out date for ICE vehicles, advocating that ICE vehicles using low/zero GHG emissions fuels should be considered zero emission vehicles.
Positioning on Energy Transition: Repsol appears to be supporting the continued role for fossil fuels in the energy mix. Its corporate website, accessed August 2022, states support for natural gas as a ‘transition fuel’ but does not disclose when this transition should end. In a May 2022 press release, Repsol chairman Antonio Brufau stated that ‘natural gas and oil have a role to play for many years to come’ and appeared to suggest that a more ambitious energy transition focusing on solely renewables would be unrealistic due to the energy crisis. In a consultation on the EU’s revision of performance standards in November 2021, Repsol appeared to promote the continued role for internal combustion engine vehicles and ‘low carbon fuels’, while supporting a technology-neutral approach to decarbonizing transport.
Industry Association Governance: In July 2022, Repsol updated its industry association review. 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. 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 traditionally 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 2022.