Towards a more competitive and low-carbon operation
We reduced our greenhouse gas emissions (Scope 1 and 2) by 28% compared to 2020, reaching a carbon intensity of 10.3 kgCO₂e/BOE. This achievement is the result of continuous improvements in energy efficiency, the incorporation of clean energy, and advanced methane management.
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100% of our employees have variable compensation tied to climate-related targets.
We continued to embed sustainability in all levels of our operations. In 2024, 100% of our employees had their variable compensation linked to the achievement of climate-related targets, reinforcing our collective commitment to decarbonization and environmental efficiency.
Over 112,470 people benefited from our social investments
We made social investments of over US$4.8 million that focussed on quality of life, economic autonomy, community infrastructure and environmental sustainability, benefitting more than 112,470 people.
A Human Rights system that protects and strengthens relationships
We updated our Human Rights System, strengthening its foundations and bringing it more into line with the United Nations Guiding Principles on Business and Human Rights. We also launched the Engagement Protocol for Ethnic Communities.
Supplier Code of Conduct
Our Supplier Code of Conduct defines the conduct and ethical principles that we expect of the companies we work with. The Code of Conduct shows our commitment to a transparent supply chain that aligns with our SPEED values.
International recognition for our Sustainability performance
In recognition of our environmental, social and governance practices, we achieved an AA rating in the MSCI ESG Index for the second consecutive year — scoring 20% higher than the sector average — and were included in the S&P Sustainability Yearbook, placing us among the top 15% of companies in our sector for overall performance.
Our previous reports detail our sustainability performance over time and provide historical information on our actions.
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1. For uniformity among units of measurement and document format, some figures from the 2022 SPEED/Sustainability Report published in April 2023 were restated in June 2023. 2. Data in the 2021 SPEED/Sustainability Report published in June 2022 was subject to non-material adjustments as part of the verification process by Bureau Veritas, which did not compromise the assurance exercise. 3.3. After the 2020 SPEED/Sustainability Report was published in September 2021 it was subject to non-material adjustments as part of the verification process by Bureau Veritas, which did not compromise the assurance exercise. The details of the update are available here.. For questions and comments, write to conexiones@geo-park.com.
