Environmental Dimension

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Environmental Dimension

As part of GeoPark’s Environmental Commitment, we are committed to implementing the best environmental practices, focusing on identifying and preventing risks and maximizing positive impacts. This commitment provides guidelines for responsible and proactive management in all the countries we operate in.

Environmental Aspects

2024 Performance Highlights

10.3 KGCO₂E/BOE

Scope 1 and 2 GHG emissions intensity, a 28% reduction from the 2020 baseline

100%

Employees have variable remuneration tied to water and climate change KPIs

ZERO

Employees have variable remuneration tied to water and climate change KPIs

ZERO

Barrels of crude oil spilled per million barrels produced

7.01%

Reduction in water consumption compared to 2023

USD 5.3
MILLION

Environmental investment, benefitting more than 8,600 people

USD 50/TCO²e

Internal carbon price for climate impact analysis

+ 88,000

Biodiversity registrations with SiB Colombia and GBIF, strengthening Colombian and global biodiversity databases

FIRST MEASUREMENT

And external verification of the corporate water footprint under the NTC-ISO 14046:2017 standard for 2023

ENVIRONMENTAL COMMITMENT

Principled action to protect the environment

Approved by our executive team, our Environmental Commitment aligns with our Sustainability Framework and forms the foundation of our work. It defines our principles for acting responsibly on key sustainability issues such as water and biodiversity. It includes goals, metrics and responsibilities for regulatory compliance and the continuous improvement of our environmental performance.

Find out more about our Environmental Commitment

ENVIRONMENTAL MANAGEMENT SYSTEM

ISO 14001:2015 Certification

In Colombia, our Environmental Management System (EMS) – which has ISO 14001:2015 certification through August 2026 - guides our management and enables us to identify, prioritize and manage environmental risks. We offer our employees awareness, learning and training programs on the efficient use of natural resources and compliance with environmental regulations, based on the framework of our Environmental Commitment.

View the certificate

CLIMATE ACTION

We manage climate change risks and opportunities

GeoPark works to reduce greenhouse gas (GHG) emissions and adapt to the challenges of climate change. To continue identifying and reducing our emissions, we have developed greater internal capacities and strengthened climate governance to make responsible decisions. This includes actions to prevent impacts, incorporate climate criteria into our investments, and adapt to extreme weather phenomena or regulatory transitions that affect our territories and operations.

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BIODIVERSITY AND WATER

We protect biodiversity and manage water responsibly

Protecting biodiversity and using water efficiently are part of our operational planning and execution. Working together with communities, experts and authorities, we develop strategies to protect species, restore ecosystems and reduce impacts in sensitive areas. We monitor our water footprint and prioritize sustainable practices to preserve ecosystems and ensure water availability for future generations.

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We protect biodiversity and manage water responsibly

CIRCULAR ECONOMY

We maximize the value of resources

ENVIRONMENTAL TRANSPARENCY PORTAL

Open information for responsible management

As part of GeoPark’s Commitment to Ethics and Transparency , we facilitate public access to environmental information about our projects. All our Environmental Impact Assessments (EIAs), prepared within Colombia’s environmental licensing framework, are available at our Environmental Transparency Portal. This strengthens trust, traceability and informed participation by enabling the review of approved studies and their modifications, and other documents.

Environmental Transparency Portal

Open information for responsible management

Responsible Environmental Management

Each project at GeoPark begins with a detailed assessment of potential social, economic, and environmental impacts, analysis that is fundamental in our Environmental Impact Assessments (EIAs) and the formulation of strategies to prevent, mitigate or offset impacts. This demonstrates our strong commitment to responsible operation and regulatory compliance.