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SOCIAL ACTION EXPENDITURE by CONTRIbUTION TyPE (EUROS)

At Cepsa we believe we must deliver on our commitment to wider society in a way that goes beyond creating wealth and jobs. Through voluntas, a corporate volunteering programme managed by the Cepsa Foundation, our employees and their families join Cepsa s community

challenge by becoming involved in volun- teering initiatives. This helps us align their concern to contribute to society with our own community goals, and shows that we are all determined to have a positive impact on the community through our ini- tiatives and activities.

Through the Cepsa Foundation, again this year we staged the Social value Awards. In 2017, we awarded a total of 38 prizes to nominee projects undertaken in Campo de gibraltar, Comunidad Canaria, Comunidad de madrid, Huelva province, Portugal, Co-

lombia and brazil. These accolades are in- tended to recognise and support commu- nity initiatives for the inclusion and welfare of underprivileged groups and people, and to nurture community values among the Company s employees.

volunteering

Social value Awards

INITIATIvES by COUNTRy

bRAZIL

Our initiatives are chiefly aimed to support community development and environmen- tal protection. Initiatives such as the Environmental Education Programme to promote the conservation and restoration of natural heritage and biodiversity, or the celebra- tion of World Water Day, which show that the development of local communities must go hand in hand with the stewardship and defence of the environment.

CANADA

Highlights of our community initiatives in 2017 included our partnership with United Way of America to fund projects aimed at underprivileged groups, and our support for the Québec breast Cancer Foundation.

32 vOLUNTEERINg

INITIATIvES 874

vOLUNTEERS

SOCIAL VALUE AWARDS

2017 ANNUAL AND CORPORATE RESPONSIbILITy REPORT