SPEED/ SUSTAINABILITY 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.
Scope
The information presented refers to the assets over which we have operational control in the countries we operate in. See page 6 of this Report.
Reporting Practices and Document Structure
Our Report complies with the non-financial disclosure requirements of Law 11/2018 of the Kingdom of Spain.
Global Reporting Initiative (GRI Standards 2021) and its oil and gas sector annex
Sustainability Accounting Standards Board (SASB)
Sustainability Reporting Guidance of the Global Oil and Gas Association to Advance Environmental and Social Performance (IPIECA
Task Force on Climate-Related Financial Disclosures (TCFD)
United Nations Global Compact
Sustainable Development Goals (SDGs)
We use the following reporting frameworks:
SPEED is the framework that we use to manage the issues prioritized in our double materiality (DM). This provides the structure of our Report, which establishes three dimensions: our Value Generation, our Environmental Management and our Social Management, through which we guide our stakeholders in understanding the reported matters.
Information updates and changes
In 2023 we carried out GeoPark’s first double materiality exercise, identifying the main positive and negative impacts generated by our existence on the environment, society and the economy, as well as environmental, social and governance issues with the potential to generate positive and negative impacts on our operational and financial performance. This analysis led to the creation of an adjusted matrix of material topics that determine the Company’s sustainability management focus in the short and medium term. The chapters of the SPEED/ Sustainability Report 2023 reflect this matrix.
To the extent that the Company’s figures vary due to the dynamics of the business, throughout the Report we offer restatements of data, with respective explanations.
In the case of any concerns, queries, or information requests, please email Maria Luisa Villa (mvilla@geo-park. com), GeoPark’s Sustainability Lead.
