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Environment Biodiversity

Biodiversity and ecosystem services

The protection and conservation of biodiversity and the resources it provides is an aspect of ever-increasing social interest. We share this concern and take a respectful approach to biodiversity when planning and developing our projects and operations, mitigating possible negative impacts on ecosystems. We make this commitment public through our position on biodiversity.

Key principles

We respect biodiversity and analyze the social-environmental surroundings when planning and developing our projects and operations. We mitigate the impacts, meeting the expectations of society, regulations, and industry best practices. 

Additionally, we understand that the protection and conservation of the environment and of biodiversity constitute a key element in the configuration of our corporate strategy, and we adhere to the following sustainable development principles when carrying out our activities: 

  • Prevent, minimize, and restore the environmental impact on the areas surrounding all our operations, particularly in sensitive, biologically diverse, or protected natural spaces. 
  • Integrate biodiversity and the protection of ecosystem services in our Company's management systems and in the decision-making processes, including environmental and social assessments. 
  • Participate in projects dedicated to research, conservation, education, and raising awareness. 
  • Report on biodiversity and collaborate with the communities and other stakeholders.

Management model

The application of the mitigation hierarchy of the potential impacts on biodiversity is essential to us. We were the first Oil and Gas company to implement IPIECA Biodiversity and Ecosystem Services (BES) methodology. Management Ladder, used to analyze the current situation of the Exploration and Production assets and to identify the next steps to take. 

This methodology is based on the study of the following areas: the integration of biodiversity and ecosystem services in the management of the business, the involvement of stakeholders, the construction of a biodiversity base line, the identification and management of potential impacts, and the selection of indicators. In addition to the six practices defined by the Management Ladder, we have added an area based on communication. 

Sharing challenges and learning from the experience of other business areas is key to ensuring progress in this area.