SPEED/ SUSTAINABILITY REPORT
We are a leading independent oil and gas exploration and production company in Latin America, with assets and growth platforms in Colombia, Ecuador, Brazil and Chile.
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.
We obtained the Great Place to Work certification for the first time as one of the best companies to work for in Argentina, Chile and Colombia, countries in which the size of our workforce allowed us to apply for this recognition.
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.
We updated our Business Model and sum it up with three simple words and a clear idea: “We improve assets.”
Underpinning the Model is our track record of adapting to change, expanding our capabilities and continuously improving our asset portfolio.
We have created and strengthened a unique culture that promotes and rewards personal qualities, fosters the passion of our team, values the diversity of each employee’s contributions, and prioritizes experience and ethics in our activities. Our commitment is to work with professionalism and integrity, seeking fairness and transparency in every step we take.
We have developed a series of actions to foster a culture of active, rigorous risk management aligned with our SPEED values:
To deliver on our promise of Creating Value and Giving Back, we have identified and prioritized stakeholders with whom we maintain permanent contact, for whom we can generate impacts and whose presence influences our management. We periodically update the prioritization of our stakeholders following the guidelines of the AA 1000 standard.
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