SPEED/ESG 2021 Report

Community Development

Our commitment to community development:
to become the preferred neighbor and partner based on a sustainable relationship of learning, exchanges and mutual benefit with the local communities where we operate.

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Our commitment to the community development

 
Our neighbors are the communities that live in the regions where we operate, with whom we harmoniously share the environment, and we value the opportunity to work together.
Desarrollo comunitario

We want to be the local communities’ neighbor and partner of choice, and we build trust-based relationships that create shared value through ongoing dialogue and listening. Knowing our neighbors and understanding their dynamics is as important as the development of our operations. 

Community development is a fundamental management focus area for the success of our SPEED Values System, which covers material topics for our stakeholders such as respect and promotion of human rights, engagement with ethnic groups, contribution to sustainable development, due diligence and management of socio-environmental impacts, responsible supply chain management, and citizen participation, dialogues and prior consultations.

Main Results

USD 6.1MM
invested in socio environmental programs, to benefit nature and our neighbors.
+20,400
neighbors from operations areas participated in 996 meetings.
89 %
local labor participation in all our operations.
288,113
beneficiaries of our social and environmental programs.
7
prior consultation processes for the development of our projects.
USD 59MM
in purchases of goods and services from local suppliers.
86 %
of social investment focused in rural areas.
91 %
of requests and complaints resolved by customer service system "Cuéntame".
TWO
Colombian government awards for the social contribution of our Sustainable Housing Program.
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Integrated Environment Management Model

The Integrated Environment Management Model is our internal response to manage and care for the evolving dynamics of the territories we operate in. The integrated view of social and environmental aspects creates value not only for the viability of our operations, but also for stakeholders who demand high standards in the performance of our activity.
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Precautionary Management of Social Environment Risks and Prevention of Social Conflicts

We understand that, in order to fulfill our mission and be successful in the long-term, our Company must coexist in harmony with its neighbors and preserve and protect the environment.
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Dialogue, Consultations and Citizen Participation

Consultation and citizen participation with our stakeholders, and their perceptions and opinions on the presence of our operations in the territories, determine the quality of our relations and our permanence in a harmonious environment.
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Ethnic Relations with A Differentiated Approach

We build respectful relations with a differentiated approach with ethnic communities in the territories where we carry out activities. We seek to create joint visions that enable us to implement actions to prevent and mitigate social and environmental impacts, and to undertake development activities that are consistent with the life plans of these communities.
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Responsible Value Chain

At GeoPark, we understand that the success of our activities is tied to working in coordination with suppliers and contractors, which are strategic business partners for the business and our engagement with the social environment.
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Partnerships for Sustainable Development

We promote partnerships to contribute to the sustainable development and positive transformation of the territories we operate in, through the implementation of projects and programs that focus on closing the gaps defined in the 17 Sustainable Development Goals set by the United Nations in its 2030 Agenda.
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2022 Challenges

Implement a strategy
to incorporate our SPEED Integrated Values System with the contribution to the goals of the SDGs.
Define the social license baseline
in the territories where we have operations.
Implement a participative process
to assess the effectiveness and efficiency of our community development programs.
Increase participation channels
for the early identification of impacts and to define management measures and enhance the assessment process on the effectiveness and efficiency of the measures to manage impacts in the communities.
Implement a formal mechanism
to assess the effectiveness and efficiency of our stakeholder engagement.
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About
our report

Our SPEED/ESG 2021 Report has been prepared in accordance with the standards of the Global Reporting Initiative (GRI, 2021), taking into consideration the oil and gas sector approach. It also uses as reference certain sustainability reporting guidelines of the Global Oil and Gas Association for Advancing Environmental and Social Performance (IPIECA, 2020) and of the Sustainability Accounting Standards Board (SASB, 2018).
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