Repsol SA

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Comprehensive Repsol SA has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly named a wide range of specific climate policies it has engaged with, including the Renewable Energy Directive (REDIII), Emissions Trading System (ETS) reform, Carbon Border Adjustment Mechanism (CBAM), and the European Climate Law, among others. It has also provided detailed context about these policies, such as their geographical focus and specific legislative aspects. Repsol has been equally transparent about its lobbying mechanisms, detailing its participation in public consultations, expert working groups, and direct meetings with policymakers. It has identified specific targets of its lobbying efforts, such as the European Commission and policymakers involved in the development of the PNIEC in Spain, providing clarity on both the methods and the entities engaged. Furthermore, the company has articulated clear and measurable outcomes it seeks to achieve, such as promoting decarbonization, ensuring regulatory frameworks support industrial competitiveness, and advocating for technology-neutral approaches to emissions reduction. Repsol has also emphasized the importance of mechanisms to reduce carbon leakage and has outlined its support for sustainable finance and renewable energy initiatives. This level of detail and clarity reflects a comprehensive approach to disclosing its climate lobbying efforts and objectives. 4
Lobbying Governance
Overall Assessment Comment Score
Strong Repsol demonstrates strong governance in its climate lobbying alignment processes. The company explicitly states that it has "an internal area that is responsible for coordinating all of the company's engagement initiatives, whether they are carried out directly or through associations," which indicates clear oversight of lobbying activities. Additionally, Repsol has been "updating a report every year that analyzes the associations we are part of and assesses their degree of alignment with our strategy," showcasing a structured monitoring process for indirect lobbying alignment. The evidence further highlights that Repsol has revised its list of associations, eliminating groups that do not align with its climate strategy, reflecting a proactive approach to ensuring alignment. While the company does not provide details of a comprehensive lobbying audit or identify specific individuals responsible for oversight, the presence of a dedicated internal area and annual reporting process indicates robust governance measures. 3