Luis Cabra

Repsol

Executive Managing Director, Energy Transition, Sustainability & Technology and Deputy CEO

Luis Cabra is currently Executive Managing Director of Energy Transition, Technology, Institutional Affairs, and Deputy CEO. He has also been member of Repsol's Executive Committee since 2012. His responsibilities include core areas for the development and implementation of the Company's energy transition strategy such as Technology, Engineering, and Sustainability. He also leads other corporate areas, as well as several company cross-cutting projects. He was previously Executive Managing Director of Technology Development, Resources, and Sustainability from 2018 to 2020. He participated in the materialization of Repsol's decarbonization strategy. Also, he led the Company's Digitalization Program and the consolidation of the Shared Services organization, among other responsibilities. From 2012 to July 2018, Cabra served as the Executive Managing Director of Exploration and Production. Under his stewardship, the Company doubled its production and executed a wide-ranging efficiency program from 2015 to 2017 that turned the Company's exploration and production business into a net cash generator. He joined Repsol in 1984 as a process engineer at the A Coruña refinery in Spain. Since then, he has held management positions in Refining, E&P and corporate units. Luis Cabra holds a PhD in Chemical Engineering from Complutense University of Madrid and has completed business management studies at INSEAD and IMD. He has worked as a lecturer at the Complutense University of Madrid and the University of Castilla-La Mancha. He has represented Repsol in various international associations, serving as Chairman of the Automotive Fuels Group of the European Petroleum Industry Association, Chairman of the European Biofuels Technology Platform, and member of the European Research Advisory Board. In June 2021, he was appointed President of FuelsEurope and Concawe, associations that represent the European refining industry.

Sessions With Luis Cabra

Monday, 7 March

  • 07:30pm - 09:00pm (CST) / 08/mar/2022 01:30 am - 08/mar/2022 03:00 am

    Company Strategies, Climate Disclosures & ESG Performance

    Lunch/Dinner Discussion Finance & Investment/Trading & Risk Management/ESG

    The Glasgow COP26 meeting reaffirmed the global goal of net- zero emissions by 2050. Previously, investors, shareholders, and companies focused on environmental performance. Now, energy companies face increasing pressure to allocate more capital to energy transition investments. Simultaneously, institutional investors are focusing more on climate-related financial risks to investments, along with Environmental, Social, and Governance (ESG). The new balanced scorecard not only includes financial performance but also a clear understanding of transition risks and companies’ contributions to positive societal outcomes. Should ESG be at the center of every energy company’s business strategy? How are ESG factors influencing financial institutions’ behavior and how well are energy companies responding? How will the recent run-up in energy prices influence the move from hydrocarbons to low or zero carbon? What are the pros and cons of regulators defining and mandating climate-related disclosure requirements? Should there be unified and transparent ESG metrics and disclosures similar to financial disclosures?

Wednesday, 9 March

  • 03:55pm - 04:35pm (CST) / 09/mar/2022 09:55 pm - 09/mar/2022 10:35 pm

    Energy, Climate Change & ESG: Navigating the future

    Finance & Investment/Trading & Risk Management/ESG Upstream Oil & Gas
    The Glasgow COP26 meeting reaffirmed the global goal of net zero emissions by 2050. Previously, investors, shareholders, and companies focused on environmental performance. Now, energy companies face increasing pressure to allocate more capital to energy transition investments. Simultaneously, institutional investors are focusing more on climate-related financial risks to investments, along with Environmental, Social, and Governance (ESG). The new balanced scorecard not only includes financial performance but also a clear understanding of transition risks and companies’ contributions to positive societal outcomes. Should ESG be at the center of every energy company’s business strategy? How are ESG factors influencing financial institutions’ behavior and how well are energy companies responding? How will the recent run-up in energy prices influence the move from hydrocarbons to low or zero carbon? What are the pros and cons of regulators defining and mandating climate-related disclosure requirements? Should there be unified and transparent ESG metrics and disclosures similar to financial disclosures?