Investing on startups with a social impact
Through Repsol Impacto Social, the Repsol Foundation has launched an investment fund to promote companies focused on energy transition and the inclusion of vulnerable sectors of the population in Spain and Portugal.
Commitment to the energy transition
We are investing in projects that contribute to the global energy transition challenge and that create professional opportunities or a positive impact for people from vulnerable groups.
Startups focused on:
- Reducing emissions
- Sustainable mobility
- The circular economy
- Energy efficiency
- Environmentally-friendly products and services
And that employ or favour:
- People with disabilities
- Young people at risk of marginalization
- Women who have suffered gender-based violence
- Recovering drug addicts
The investee companies will receive financial aid, counselling, and strategic alliances.
Up to €50 million for investing in social businesses
Repsol Social Impact has acquired 25.4% of Koiki, a network of urban micro-centres for sustainable last-mile distribution through the use of sustainable transportation methods for delivery, generating employment for people with disabilities.
It has also acquired 21.39% of Sylvestris shares, a company dedicated to sowing and planting, unique gardens, and environmental consulting, which employs people in vulnerable situations for the development of its projects.
In the scope of energy efficiency, the fund has invested in GNE Finance, a company that provides affordable financing with personalized technical assistance to refurbish homes and buildings, focused on improving sustainability.
Ship2B and Open Value Foundation are collaborating in this initiative. Additionally, a collaboration agreement has been signed with Ilunion, the brand of social companies from Grupo ONCE.