Sustainability 2023 - GeoPark
Menu Close
<h3><span style="vertical-align: inherit;"><span style="vertical-align: inherit;">20 </span></span><br /> <span style="vertical-align: inherit;"><span style="vertical-align: inherit;">23</span></span></h3> <p><span style="vertical-align: inherit; font-size: 12pt;"><span style="vertical-align: inherit;">REPORT</span></span><br /> <span style="font-size: 12pt;"><strong><span style="vertical-align: inherit;"><span style="vertical-align: inherit;">SPEED/SUSTAINABILITY</span></span></strong></span></p>

Main
Results

<span style="color: #0096D6;">0,0 LTIR</span>

employees* LOST TIME INJURY RATE

<span style="color: #0096D6;">0,53 LTIR</span>

contractors* LOST TIME INJURY RATE

<span style="color: #0096D6;">0,0 TRIR</span>

employees* TOTAL RECORDABLE INJURY RATE

<span style="color: #0096D6;">0,75 TRIR</span>

contractors* TOTAL RECORDABLE INJURY RATE

<span style="color: #0096D6;">0,1 MVCR</span>

MOTOR VEHICLE CRASH RATE

<span style="color: #FCC200;">USD 756,6 MILLION</span>

ANNUAL REVENUE FROM OIL AND GAS SALES

<span style="color: #FCC200;">USD 451,9 MILLION</span>

ADJUSTED EBITDA

<span style="color: #FCC200;">USD 111,1 MILLION</span>

NET PROFIT

<span style="color: #FCC200;">49,7 MMBOE</span>

PD RESERVES

<span style="color: #FCC200;">USD 1,8 MILES DE MILLION</span>

NET PRESENT VALUE OF 2P RESERVES**

<span style="color: #E95045;">470</span>

DIRECT EMPLOYEES

<span style="color: #E95045;">100%</span>

OF EMPLOYEES OWN SHARES

<span style="color: #E95045;">33,3%</span>

OF THE EXECUTIVE TEAM ARE WOMEN

<span style="color: #E95045;">38,94%</span>

OF EMPLOYEES ARE WOMEN

<span style="color: #E95045;">47%</span>

OF NEW HIRES ARE WOMEN

<span style="color: #86BC25;">10,6 KGCO2E/BOE</span>

SCOPE 1 AND 2 GHG EMISSIONS INTENSITY INDEX, 18% LESS THAN 2022

<span style="color: #86BC25;">ZERO</span>

ENVIRONMENTAL FINES OR PENALTIES IN OUR OPERATIONS

<span style="color: #86BC25;">+40.000</span>

TREES PLANTED/DONATED IN COLOMBIA

<span style="color: #86BC25;">100%</span>

OF EMPLOYEES HAVE VARIABLE REMUNERATION LINKED TO WATER AND CLIMATE CHANGE KPIs

<span style="color: #86BC25;">ZERO</span>

BARRELS OF CRUDE OIL SPILLED PER MILLION BARRELS PRODUCED

<span style="color: #00A48C;">USD 3,9 MILLION</span>

IN SOCIAL INVESTMENT

<span style="color: #00A48C;">102.563</span>

BENEFICIARIES OF SOCIAL PROGRAMS

<span style="color: #00A48C;">82,14%</span>

DE LA INVERSIÓN SOCIAL CONCENTRADA EN ÁREAS RURALES

<span style="color: #00A48C;">349</span>

LOCAL SUPPLIERS INTEGRATED INTO THE VALUE CHAIN

<span style="color: #00A48C;">3.744</span>

JOB OPPORTUNITIES GENERATED IN OUR VALUE CHAIN
Learn More

A message from
Andrés

Read the full message

At GeoPark, our goal is to deliver more energy, more value, and more shared prosperity. This report provides an insight into our approach and the sustainability efforts of the Company and our team.

Read the full message
<p>Since our foundation in 2002, we have defined an Integrated Value System to ensure a safe, sustainable and responsible operation. Under this system, we report on our sustainability management and ensure that goals and results are everyone’s responsibility rather than belonging to a particular area of the Company.</p>

Speed Integrated Value System

<p>Our Integrated Value System is called SPEED, an acronym that summarizes our commitment in five critical and interrelated areas: Safety, Prosperity, Employees, Environment and Community Development. SPEED defines our success, guides our behaviors, and has enabled us to attract the best talent, be the partner of choice and best neighbor, and to work on reducing the environmental footprint of our operations</p>

Health and Safety:

We should all return home safely and in good health.

Prosperity:

Act transparently and create long-term economic value to give back to our shareholders and ensure our sustainable growth.

Employees:

Create a motivating, fair and rewarding work environment, without discrimination and with conditions and opportunities that develop all our employees, who can participate in the success of the Company and have the opportunity to contribute to its growth

Environment:

Value our natural resources and make every effort to avoid or reduce the impact of our projects on the environment, as well as giving back to nature through using state-of-the-art technologies and operational methods.

Community Development:

Become the neighbor and partner of choice based on a sustainable relationship of learning, exchange and mutual benefit with the local communities where we operate.

About This
Report

This SPEED/Sustainability Report details our performance between January 1 and December 31, 2023, the same period for which we report our financial statements. This is the seventh SPEED/Sustainability Report that we have shared with our stakeholders. The most recent version was published in May 2023.

Downloads
SPEED/ SUSTAINABILITY REPORT