GHG emissions intensity index for Scope 1 and 2 in 2024, representing a 28% reduction compared to the 2020 baseline.
of employees with variable compensation tied to climate change targets
Internal carbon price for climate impact analysis
Metric tons of CO₂e emissions avoided annually due to a solar plant at Llanos 34 and a power interconnection to the national grid
tons of CO₂e reduced through operational efficiency and decreased boiler usage in 2024
We detailed our Emissions Reduction Strategy ambitious short-, medium-, and long-term goals. We have reduced approximately 150,000 tons of CO₂ equivalent, decreasing from 355,279 tons of CO₂ in 2020 to 200,209 tons in 2024.
2024 GHG emissions report
We will continue reporting progress toward our emissions reduction goals using GRI, IPIECA, SASB standards and other relevant methodological frameworks.
The consequences of climate change have the potential to affect all our stakeholders, and our operations too. To move ahead on adaptation, in 2022 we undertook an exhaustive process of identifying risks associated with climate change and the energy transition.
Based on this work we have developed a plan to manage climate-related risks, considering different future scenarios encompassing critical risks as well as key opportunities related to climate change.
In 2024 we added our own climate scenarios to this analysis, based on international standards such as the IPCC, the IEA and aligned with the Taskforce on Climate Related Financial Disclosure (TCFD). These scenarios enable us to anticipate different conditions through 2050, supporting key decisions and feeding into our management systems, with continuous monitoring and concrete adaptation actions in the field.
GeoPark’s emissions reduction strategy focuses on three pillars that have yielded tangible and sustainable results: the use of cleaner energies, active management of methane emissions, and the continuous improvement of operational and energy efficiency.
We prioritize renewable power sources and lower carbon technologies in our operations. This includes the progressive substitution of conventional fuels, the integration of solar power and interconnection with power grids that have a lower carbon footprint.
We use detection and control programs to significantly reduce fugitive emissions of methane, a gas with a high climate impact. This includes continuous monitoring, preventive maintenance and early repair of leaks in equipment and process lines.
We optimize our processes to consume less energy and increase production with lower emissions. This includes the use of intelligent monitoring systems, continuous improvement practices, and technological solutions to reduce energy use in critical areas.
A governance model ensuring leadership, monitoring and coordinated action at all levels of the organization supports GeoPark’s climate change management. This structure allows our decisions to be consistent with our climate strategy, translate into operational results, and support a cleaner and more efficient energy transition.
