GeoPark Publishes Its 2024 SPEED/Sustainability Report
GeoPark (NYSE: GPRK) has published its 2024 SPEED/Sustainability Report, showcasing significant environmental progress and operational achievements. The company reported a 28% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2020, with emissions intensity reaching 10.3 kgCO₂e/BOE.
Key 2024 highlights include:
- Zero oil spills and environmental fines
- 7.01% reduction in water consumption vs 2023
- Six energy community projects in Colombia's Casanare region
- 100% of employees with climate change KPIs linked to compensation
The company received notable recognition including an AA rating from MSCI ESG Index, inclusion in the S&P Sustainability Yearbook 2025, and multiple awards for environmental leadership. The report follows international frameworks including GRI, SASB, IPIECA, TCFD, UN Global Compact, and SDGs.
GeoPark (NYSE: GPRK) ha pubblicato il suo Rapporto SPEED/Sostenibilità 2024, evidenziando importanti progressi ambientali e risultati operativi. L'azienda ha riportato una riduzione del 28% delle emissioni di gas serra Scope 1 e 2 rispetto al 2020, con un'intensità di emissioni pari a 10,3 kgCO₂e/BOE.
I principali risultati del 2024 includono:
- Zero sversamenti di petrolio e multe ambientali
- Riduzione del 7,01% del consumo d'acqua rispetto al 2023
- Sei progetti di comunità energetiche nella regione di Casanare in Colombia
- 100% dei dipendenti con indicatori di performance sul cambiamento climatico legati alla retribuzione
L'azienda ha ricevuto riconoscimenti importanti, tra cui un rating AA dall'MSCI ESG Index, l'inclusione nell'S&P Sustainability Yearbook 2025 e numerosi premi per la leadership ambientale. Il rapporto segue framework internazionali come GRI, SASB, IPIECA, TCFD, UN Global Compact e SDGs.
GeoPark (NYSE: GPRK) ha publicado su Informe SPEED/Sostenibilidad 2024, mostrando avances significativos en el ámbito ambiental y logros operativos. La compañía reportó una reducción del 28% en las emisiones de gases de efecto invernadero Scope 1 y 2 en comparación con 2020, con una intensidad de emisiones de 10,3 kgCO₂e/BOE.
Los principales logros de 2024 incluyen:
- Cero derrames de petróleo y multas ambientales
- Reducción del 7,01% en el consumo de agua respecto a 2023
- Seis proyectos de comunidades energéticas en la región de Casanare, Colombia
- 100% de los empleados con indicadores clave de desempeño relacionados con el cambio climático vinculados a la compensación
La empresa recibió reconocimientos destacados, incluyendo una calificación AA del MSCI ESG Index, inclusión en el S&P Sustainability Yearbook 2025 y múltiples premios por liderazgo ambiental. El informe sigue marcos internacionales como GRI, SASB, IPIECA, TCFD, Pacto Mundial de la ONU y ODS.
GeoPark (NYSE: GPRK)는 2024년 SPEED/지속가능성 보고서를 발표하며 환경 분야의 중요한 진전과 운영 성과를 보여주었습니다. 회사는 2020년 대비 Scope 1 및 2 온실가스 배출량을 28% 감축했으며, 배출 강도는 10.3 kgCO₂e/BOE에 달했습니다.
2024년 주요 성과는 다음과 같습니다:
- 석유 유출 및 환경 벌금 제로
- 2023년 대비 물 사용량 7.01% 감소
- 콜롬비아 카사나레 지역의 6개 에너지 커뮤니티 프로젝트
- 기후 변화 핵심성과지표(KPI)를 보상과 연계한 직원 100%
회사는 MSCI ESG 지수에서 AA 등급을 받았으며, S&P 지속가능성 연감 2025에 포함되고 환경 리더십 부문에서 다수의 상을 수상했습니다. 보고서는 GRI, SASB, IPIECA, TCFD, UN 글로벌 콤팩트 및 SDGs 등 국제 프레임워크를 준수합니다.
GeoPark (NYSE : GPRK) a publié son rapport SPEED/Durabilité 2024, mettant en avant des progrès environnementaux significatifs et des réalisations opérationnelles. L'entreprise a annoncé une réduction de 28 % des émissions de gaz à effet de serre Scope 1 et 2 par rapport à 2020, avec une intensité d'émissions de 10,3 kgCO₂e/BOE.
Les points forts de 2024 incluent :
- Absence de déversements de pétrole et d'amendes environnementales
- Réduction de 7,01 % de la consommation d'eau par rapport à 2023
- Six projets de communautés énergétiques dans la région de Casanare en Colombie
- 100 % des employés avec des indicateurs clés liés au changement climatique intégrés à leur rémunération
L'entreprise a reçu des reconnaissances notables, notamment une note AA de l'indice MSCI ESG, son inclusion dans le S&P Sustainability Yearbook 2025 et plusieurs prix pour son leadership environnemental. Le rapport suit des cadres internationaux tels que GRI, SASB, IPIECA, TCFD, le Pacte mondial des Nations Unies et les ODD.
GeoPark (NYSE: GPRK) hat seinen SPEED/Nachhaltigkeitsbericht 2024 veröffentlicht, der bedeutende Umweltfortschritte und operative Erfolge zeigt. Das Unternehmen meldete eine 28%ige Reduktion der Scope 1 und 2 Treibhausgasemissionen im Vergleich zu 2020, mit einer Emissionsintensität von 10,3 kgCO₂e/BOE.
Wichtige Highlights 2024 umfassen:
- Keine Ölverschmutzungen und Umweltstrafen
- 7,01% Reduktion des Wasserverbrauchs gegenüber 2023
- Sechs Energie-Gemeinschaftsprojekte in der Region Casanare, Kolumbien
- 100% der Mitarbeitenden mit an die Vergütung gekoppelten Klimawandel-KPIs
Das Unternehmen erhielt bedeutende Anerkennungen, darunter ein AA-Rating vom MSCI ESG Index, die Aufnahme im S&P Sustainability Yearbook 2025 sowie mehrere Auszeichnungen für Umweltführerschaft. Der Bericht orientiert sich an internationalen Rahmenwerken wie GRI, SASB, IPIECA, TCFD, UN Global Compact und SDGs.
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The Report highlights GeoPark’s sustainability progress, showing how actively reducing energy intensity and environmental footprint strengthens operational resilience, efficiency, and value maximization that underpins a profitable, dependable and sustainable business model.
Presenting the report, Andrés Ocampo, CEO of GeoPark, said: “Sustainability is a core driver of our North Star strategy and long-term success. In 2024, we advanced across multiple fronts—cutting emissions, improving efficiencies, and delivering tangible value to our communities. Our SPEED System guides us to produce energy responsibly, power progress, and protect nature while generating competitive returns for our shareholders.”
2024 HIGHLIGHTS
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28% cumulative reduction in Scope 1 and 2 GHG emissions in 2024 versus 2020 baseline, while emissions intensity reached 10.3 kgCO₂e/BOE, reflecting improved operational performance, increased renewable energy use, and methane management via real-time digital systems - Six energy community projects structured with the Colombian Ministry of Mines and Energy to deliver clean, reliable power to rural areas in Casanare
- Zero barrels of crude oil spilled per million barrels produced and zero environmental fines in our operations during 2024
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100% of employees with variable compensation linked to climate change KPIs, strengthening internal alignment with long-term environmental goals -
7.01% reduction in water consumption compared to 2023
INDUSTRY RECOGNITION AND LEADERSHIP
In 2024, GeoPark's performance earned several distinctions:
- AA rating from MSCI ESG Index for the second consecutive year, consolidating our position as an ESG Leader
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Included in the S&P Sustainability Yearbook 2025, ranked among the top
15% in the global oil and gas sector, and recognized as the most improved ESG score in its peer group - Winner of the Hechos de Sostenibilidad Award by the Colombian Petroleum Association for climate action and circular economy strategies
- Recipient of the Colombia’s National Business Association (ANDI by its Spanish acronym) Water and Biodiversity Award for data-driven conservation
- Honored with the Schneider Electric Decarbonization Award for emissions management leadership
GeoPark’s SPEED/Sustainability Report adheres to leading international reporting frameworks including the Global Reporting Initiative (GRI) and its annex on the oil and gas sector, the Sustainability Accounting Standards Board (SASB), the Sustainability reporting guide of IPIECA, the Task Force on Climate-related Financial Disclosure (TCFD), the United Nations Global Compact, and the Sustainable Development Goals (SDGs).
Click here to access the 2024 SPEED/Sustainability Report.
NOTICE
Additional information about GeoPark can be found in the “Invest with Us” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentages included in this press release have not in all cases been calculated on the basis of such rounded amounts, but on the basis of such amounts prior to rounding. For this reason, certain percentages in this press release may vary from those obtained by performing the same calculations on the basis of the amounts in the financial statements. Similarly, certain other amounts included in this press release may not sum due to rounding.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including, drilling campaign, production guidance, closing of acquisition transaction and production consolidation. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the
Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained by dividing total production by 365 days.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416321713/en/
For further information, please contact:
INVESTOR RELATIONS:
Maria Catalina Escobar
Shareholder Value and Capital Markets Director
mescobar@geo-park.com
Miguel Bello
Investor Relations Officer
mbello@geo-park.com
Maria Alejandra Velez
Investor Relations Leader
mvelez@geo-park.com
MEDIA:
Communications Department
communications@geo-park.com
Source: GeoPark Limited
FAQ
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