GeoPark presents its SPEED/ESG Sustainability Report 2020

GeoPark, a leading Latin American company in oil and gas exploration and production with operations in Colombia, Ecuador, Chile, Brazil, and Argentina, presented its SPEED/ESG Report detailing its contributions and achievements in 2020 for the sustainable development of the communities and countries where it operates. In a year that represented unprecedented challenges for the life and well-being of millions of people, GeoPark demonstrated continuous progress in its environmental, social, and corporate governance metrics, reaffirming its commitment to continue creating and delivering value to all its stakeholders.

“When we founded GeoPark in 2002, we set out to build a Company for the long term, that would be the independent leader in oil and gas exploration and production in Latin America. We also wanted to create a different kind of company, guided by a commitment to our shareholders, collaborators, communities, and the environment, components that we knew were essential to succeed in the present and secure our future,” said GeoPark's CEO, James F. Park.

The SPEED/ESG 2020 Report documents GeoPark's progress in critical areas of sustainability such as greenhouse gas emissions reduction, water resource management, biodiversity preservation, care for employees and communities during the COVID-19 emergency, and responsibility in the value chain. The report also describes the evolution and strengthening of GeoPark's corporate governance, as well as its ongoing efforts to align with global best practices in gender equality.

The achievements of 2020 include:

• Reduction of GHG emissions: the intensity of emissions from operations in 2020 was 15.2 kg CO₂e per barrel, which is 28.3% below the global industry average.
• Strengthening of corporate governance: appointment of two new independent members to the Board, Sylvia Escovar and Somit Varma, in line with best corporate governance practices in Latin America and in the industry.
• Maintenance of high environmental standards: renewal of the ISO 14001 Environmental Management System Certification until 2023. Zero environmental fines or penalties.
• Biodiversity protection: participation in the ‘Biodiversity and Development for Putumayo’ initiative, through which GeoPark collaborates with institutions and other companies for the protection, restoration, ecosystem connectivity, and sustainable development of the region.
• Good neighborliness: support for communities and authorities since the onset of the COVID-19 emergency. More than 58,000 neighbors benefited from the continuous contributions made by GeoPark, which included food and medical supplies.
• Contribution to local economies: ensuring the sustainability of the value chain by acquiring goods and services from local suppliers for a total of USD 64 million.
• Leaders in equity and inclusion: outstanding indicators in gender equity that were reported, for the first time, following the evaluation framework of the Bloomberg Gender Equality Index. Progress in the certification process for gender equality ‘Equipares’ with a view to receiving the Silver Seal in 2021.
• Health and safety in times of crisis: first company in the global hydrocarbons industry to receive the Bureau Veritas Safety seal for its management of COVID-19 contagion prevention.
• Better ESG Metrics: for the second consecutive year, ranked as the publicly listed company of its size and sector with the best environmental, social, and corporate governance metrics in Latin America.

The SPEED/ESG 2020 Report from GeoPark was prepared for the third consecutive year under the guidelines of the Global Reporting Initiative (GRI) and incorporates indicators from the sustainability reporting guide of the International Petroleum Industry Environmental Conservation Association (IPIECA) and the Sustainability Accounting Standards Board (SASB).

To learn about the SPEED/ESG 2020 Report, you can visit GeoPark's website www.geo-park.com or click here.