Your browser is not up to date and is not able to run this publication.
Learn more

632019 ANNUAL AND CORPORATE RESPONSIBILITY REPORT

Promoting the sustainability of our supply chain, by providing our suppliers with training activities, assessing their performance in accordance with environmental, social and governance indicators, allocating supplier risk levels in our management model and recognising those suppliers who share our values by means of our WePi- oneer programme.

Promoting sustainability throughout our products life cycle with initiatives such as reducing the sulphur content in our marine fuel and producing phenol from forest residue-derived benzene. This interest in fostering sustainability has led to our recognition with certificates such as the Environmental Product Declaration (EPD) for the LAB business line.

Encouraging sustainable management of natural resources: Cepsa signed up to the Pact for a Circular Economy and the Spanish energy sector s Working Group on Natural Capital, thereby reinforcing our commitment to sustainable natural re- source management.

Implementing a global, long-term strategy to address Climate Change will help us to define a road map towards a low-carbon business model; to this effect, we created our first climate change risk map.

Participating in the debate on and development of energy and climate change policy at Spanish and European level with the intention of offering a new vision of the refining sector and of climate neutrality.

Preventing all forms of corruption and bribery by performing external audits of our crime prevention model and providing our employees with online training on crime prevention.

Promotion transparency and dialogue with our stakeholders, through surveys such as those conducted with our suppliers or the ethics survey with our employees, as well as establishing and remodelling communication channels with these and other groups.

Promoting the adoption of new technologies, innovation and scientific re- search, with projects such as MAX, a virtual assistant for our professionals, and the Diesel Challenge project to boost the use of by-products, or supporting research initiatives through the Cepsa Foundation.

Promoting technological capabilities throughout the value chain, with digital transformation projects such as Digital Delivery; together with initiatives using the latest technologies such as blockchain to optimise functional areas such as Pro- curement.