Repsol Human Rights Engagement Case Study

This case study outlines the engagement of Hermes Equity Ownership Services (EOS) with Repsol regarding its human rights policies and practices. Repsol, a leading multinational energy company based in Spain, has committed to significant investments in low-carbon initiatives as part of its strategic plan. The engagement began in 2018, focusing on the effectiveness of Repsol's human rights policies and the company's reporting practices. The study highlights improvements in Repsol's ranking in the Corporate Human Rights Benchmark and emphasizes the need for enhanced reporting on human rights issues, including grievance mechanisms and community engagement. The case study details the company's commitment to free, prior, and informed consent for indigenous peoples affected by its projects. It also discusses Repsol's integration of social issues into investment decisions and the development of training programs for employees on human rights. The document concludes with plans for ongoing engagement on climate change and human rights monitoring.