GeoPark Confirms its Position as a Global Leader in Sustainability by Achieving the “AA” Rating in the MSCI Radar for the Second Consecutive Year

• GeoPark is among the highest-rated companies by MSCI in the global oil and gas industry, ranking in the “leaders” category with an AA rating.
• GeoPark maintained its AA rating and achieved an increase in its score to 6.0 compared to the previous measurement, surpassing the industry average.
• MSCI highlights that GeoPark's carbon emissions intensity is 13% lower than the industry average.
• The Company received a better rating in its Corporate Governance.

GeoPark, a leading independent energy company with over 20 years of successful operations in Latin America, reaffirms its position as a global leader in sustainability by confirming its AA rating on the MSCI radar (Morgan Stanley Capital International) with a performance 20% better than the average of the oil and gas industry.

MSCI evaluates how companies manage financially relevant sustainability risks and opportunities, a crucial aspect for maintaining investor trust. The outstanding result obtained by GeoPark reaffirms the vision and progress in managing social, environmental, and governance aspects, guided since the Company's inception by its SPEED Values System.

For the 2024 edition, this radar highlighted that GeoPark's carbon emissions intensity is 13% lower than the industry average, positioning GeoPark as a benchmark in the transition towards a more efficient and decarbonized operation. The efforts to mitigate the environmental impacts of operations were also recognized for their robustness.

In the Corporate Governance dimension, GeoPark ranked in the highest scoring range relative to its peers by demonstrating that the Board of Directors has the necessary structure and tools to manage the Company's strategy. This, combined with the fact that most of its members are independent, enables better performance of the Board in its responsibilities for the benefit of investor interests.

Finally, in the social sphere, MSCI valued GeoPark's good community relations with its neighboring communities, the use of formal channels for addressing complaints and ongoing dialogue, as well as the initiatives undertaken by the Company to promote well-being in the territories where it operates.

Mónica Jiménez, Director of Strategy, Sustainability and Legal at GeoPark, stated that: “This result reflects the work at all levels of our Company to promote sustainability in every action we take, and to ensure transparent and timely communication of this management with our stakeholders. Achieving the category of Global Sustainability Leaders is a responsibility and an opportunity to continue creating value, advancing our corporate objectives and mitigating risks in a constantly evolving context.”. 

GeoPark has been evaluated by MSCI since 2019 and since 2023 the Company is recognized as a Global Sustainability Leader, backed by an “AA” rating. The MSCI rating methodology is based on parameters that assess the performance of companies in different industries based on their exposure and management of sustainability risks, compared to peer companies.