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CHAPTER 4 Responsible management
THE MATERIALITY ANALYSIS
MANAGING ENVIRONMENTAL IMPACT
Minimising the adverse effects on the environment and boosting the growth of the natural capital is a priority in those territories in which we carry on our activities, establishing prevention, control and compensation measures for potential impacts.
WATER RESOURCE MANAGEMENT
Water is a limited resource and is necessary for the performance of Cepsa's activities. We promote its efficient, responsible use, creating activities and mechanisms geared towards improving water management.
OPPORTUNITIES AND RISKS OF CLIMATE CHANGE
Climate change represents a global environmental challenge and an opportunity for economic growth and accordingly companies are establishing mechanisms to identify, quantify and minimise risks, in order to undertake a transition to a low- carbon business model.
RESPECT FOR HUMAN AND WORKERS RIGHTS
Cepsa is strongly committed to human and workers rights as illustrated by the Human and Workers Rights Policy, which marks another step toward establishing measures and mechanisms that enable verification of compliance with these commitments throughout the value chain.
INDIVIDUALS HEALTH AND SAFETY
Cepsa endeavours to guarantee the safety, health and wellbeing of the employees, contractors, local communities and customers by means of a preventive approach and making commitments, implementing measures and developing programmes focused on the prevention of potential risks that may arise in relation to these stakeholders.
CIRCULAR ECONOMY
One of Cepsa's objectives is to optimise the consumption of raw and secondary materials. In order to achieve this, the company strives to promote product recirculation through the use of recycled raw materials, thereby reducing the generation of waste, fostering its transformation into by-products, in addition to measuring and monitoring the impact and the company's performance in this area.
OPERATIONAL SECURITY
Cepsa implements Process Security Management Systems to manage and minimise the effects of any potential industrial incidents that may arise at its facilities in the course of its production processes. Information also constitutes one of Cepsa s main assets, which it manages and protects with the IT systems in place.
ATTRACTION AND ADVANCEMENT OF TALENT
The highly competitive environment in which Cepsa operates means that identifying key professional profiles and rolling out talent attraction plans aligning employees interests with those of the business and the new challenges we face is crucial. The creation of an Integrated Talent Management Model, fosters the continuous improvement and development of the best professionals and establishes that a quality work environment is key to responding to current and future challenges.
QUALITY EMPLOYMENT
The company strives to ensure that the activities carried on are respectful of the professionals and appropriate to their positions, to ensure that remuneration is fair and consistent with the social and economic situation of each of the countries in which the activity is performed, and to maintain a two-way relationship and communication with the trade unions and the employees legal representatives.
