GeoPark is rated “AA” global sustainability leader in MSCI Index

GeoPark, a leading Latin American oil and gas exploration and production company, is pleased to announce that it has been rated at “AA” in the 2024 ESG (Environmental, Social and Governance) Leaders Index prepared by MSCI, a company that evaluates the performance of global companies through research, indices and analysis that support the decision-making of the investment community.

MSCI’s rating methodology uses metrics that assess the performance of companies in different industries based on their exposure and management of sustainability risks, compared to peer companies.

In acknowledgement of GeoPark’s long-standing commitment to its SPEED value system, in 2024 MSCI recognized GeoPark as an ESG ‘leader’ by further upgrading its rating to “AA” (GeoPark was rated as “B” in 2018, “BB” in 2019, “BBB” in 2021 and “A” in both 2022 and 2023). GeoPark also received a ratings upgrade by Carbon Disclosure Project (CDP) Climate and reached a “B” rating (from “C”) and there has been considerable improvement in the Dow Jones Sustainability Index in particular in the social and environmental performance, which evidences GeoPark’s climate management, health and safety and circular economy, among others.

GeoPark’s “AA” rating and Leader status this year reinforces the positive trend of the Company’s sustainability performance and effective communication. The 2024 outcome is mainly due to GeoPark’s lower intensity of greenhouse gas emissions and a water footprint, along effective management to mitigate biodiversity-related risks. The outstanding health and safety performance certified under ISO 45001 and the largely independent composition of its Board of Directors, also contributed to the result.

“We are very proud to have achieved ESG Leader status. This acknowledgment underscores the efforts of companies such as ours in effectively managing environmental, social, and governance concerns, further solidifying our commitment to advancing sustainability in in every action we undertake.” GeoPark’s Chief Strategy, Sustainability and Legal Officer Monica Jimenez said. “This achievement belongs to every GeoPark employee and our partners in the value chain, who for over 20 years have put sustainability at the heart of the business. Being an “AA” company motivates us to continue creating value based on sustainable management and transparency in communication with all our stakeholders.”

Sustainability has been an essential pillar of GeoPark’s strategy since the Company was founded in 2002, and one of the keys to its expansion and success in Latin America. Through its SPEED Value System, which guides actions in the five critical areas of Safety, Prosperity, Employees, the Environment and Community Development, the Company has been able to attract the best talent, be the preferred partner and a good neighbor, and develop a successful, safe and sustainable operation.

GeoPark will continue to strengthen its sustainability management in 2024 to create value for all its stakeholders through the cleanest and most responsible oil and gas exploration and production.

ABOUT GEOPARK

GeoPark is a leading Latin American oil and gas exploration and production company with assets in Colombia, Ecuador and Brazil, and has been listed on the New York Stock Exchange since 2014. It is the second largest oil producer in Colombia, contributing close to 7% of the country’s total production.

For more information: conexiones@geo-park.com