Repsol Impacto Social invests in SAEMA, a company dedicated to packaging recovery and recycling

SAEMA is a Special Employment Centre social initiative dedicated to the development of environmental activities in Cantabria. Through this operation, Repsol Impacto Social, a company 100% owned by the Repsol Foundation, enters the circular economy area and reinforces its strategy of developing a network of social companies focused on the energy transition.
Repsol Impacto Social invests in SAEMA

Repsol Impacto Social has acquired 35.26% of SAEMA, a Special Employment Centre whose main activity is the recovery and recycling of containers from the yellow bin. SAEMA is the owner and operator of a packaging selection plant that performs the recycling service in the Santander Bay and eastern Cantabria area.

The company has agreements with Mare, a company owned by the Government of Cantabria that deals with managing environmental tasks; the Environment Council of the Government of Cantabria, and the Santander City Council. In addition to recycling, SAEMA has other lines of business such as waste management, aimed at entities and companies, a separate collection point, the maintenance of green spaces and gardening, environmental information, and the destruction of confidential papers, all with growth perspective.

This company's activity generates a triple impact: economic, social, by providing employment for people with disabilities, and environmental, through the reduction of CO2 emissions. SAEMA has 115 people working for it, 78% of which whom have a disability and receive a personalized work placement itinerary. Regarding the positive environmental impact, its activity achieves a reduction in CO2 emissions in three ways: recycling packaging, paper, and cardboard, which reduces the consumption of raw materials; the reduction of the felling of trees, which allows for a greater absorption of CO2 from unfelled trees; and by using solar panels to generate clean energy at the centre.

For Repsol Impacto Social, this operation means entering the circular economy sector and reinforces its strategy of developing a network of social companies focused on the energy transition and the generation of professional opportunities for vulnerable groups.

The recycling market, although different depending on the autonomous community, is booming in Spain, with a growth rate in volume of more than 9% between 2018 and 2019 for waste from the yellow bin, according to Ecoembes data.

Repsol Impacto Social

A year ago, the Repsol Foundationcreated Repsol Impacto Social, a society whose objective is to support the development of companies in Spain and Portugal that contribute to the global challenge of the energy transition and the inclusion of vulnerable groups. These companies' fields are related to emissions reduction, sustainable mobility, the circular economy, energy efficiency, and environmentally-friendly products and services.

The acquisition of a share in SAEMA is the fourth operation since the launch of Repsol Impacto Social, having acquired shares in three companies in order to boost their growth: Sylvestris, specializing in reforestation; Koiki, dedicated to sustainable distribution; and GNE Finance, focused on providing comprehensive solutions for the rehabilitation of urban housing.

The new Repsol Impacto Social investee is owned by Amica, an association with a 36-year history and a benchmark in the development of socio-environmental activities whose mission is to discover each person's abilities so they can be in control of their life and accomplish necessary social change. In addition to SAEMA, it has two other Special Employment Centres, one dedicated to laundry and clothing, and the other to agricultural activities for the conservation of the natural environment and rural development. In total, Amica has 550 employees, more than 70% of whom have a permanent contract and more than 75% have disabilities.