The complete paper discusses the steps taken by Repsol in Peru in accordance with its environmental strategy to become certified for the Blue Certificate granted by the State National Water Authority (ANA) to companies that efficiently manage water in their operations and manage shared-value projects with their stakeholders. According to the authors, Repsol is the first company in Peru’s hydrocarbon sector to apply for this certification. The complete paper details the company’s methods of compliance with the three steps necessary to apply for the certificate, limitations of objectives and scope, results of the water-footprint assessment, and further steps toward certification.
Background: Peru’s Blue Certificate
Obtaining the certificate requires compliance with the three following steps:
- Assessment of the water footprint for the area of operation
- Reduction of water footprint in the area
- Development of a shared-value project
Benefits of holding the certificate include contribution to business sustainability and improved relationships with key stakeholders such as the State and the communities in the area of influence.
As part of its candidacy for the certificate, the company stated that its main objective was to analyze the water footprint of the annual production of natural gas in Block 57 in the Urubamba River basin in the forests of the low jungle of southern Peru. Block 57 is located in the Department of Cusco.
