532019 ANNUAL AND CORPORATE RESPONSIBILITY REPORT

As part of our commitment to respon- sible management and sustainable de- velopment, at Cepsa we participate in various global and local initiatives and associations that allow us to apply best practices in economic, environmental, social and corporate areas in order to continue improving our performance to comply with our business strategy and achieve our objectives. Moreover, we defend our legitimate corporate inte- rests and work on the development and advancement of our businesses in the industry associations and lobbies we are actively involved with.

In 2019 the area of Institutional Relations prioritised the development of new inter- nal management tools, as well as regu- latory tools and protocols with the aim of achieving greater traceability of our activities with institutional stakeholders. Methodological assessment guidelines were also implemented with regard to the measurement of Cepsa's involve- ment with and its representation in asso- ciations.

Cepsa is represented in sectorial associa- tions that are focused on the defence of the general interests of the industries of which it is a member, carrying out legis- lative follow-ups, debate meetings, pro- viding specific information on a constant basis to all the publics of interest, as well as disseminating to the social agents the performance of each industry and the di- fferent businesses. Among these associa- tions are AOP, Fuels Europe, Feique, Ce- fic, CEOE, Sedigas, AIQBE or AGI among others.

We also participate in different think tanks, initiatives from various fields, so- cial or environmental entities, whose ob- jectives are the design of best sectorial practices, collaboration between entities, the promotion of best practices and poli- cies in multiple fields, sustainable deve- lopment or transparency. Some of these initiatives are the following:

INSTITUTIONAL RELATIONS