Report - COP Prototype

2022 Communication on Progress

YPF S.A.

Published date

July 1, 2022

No. of questions

Supplemental files

ypf-sustainability-report-2020.pdf POLITICA-EXC-OPERACIONAL-14-05.pdf COMPROMISO-CAMBIO-CLIMATICO-YPF.pdf codigo-de-etica-y-conducta.pdf

CEO Statement

Signed

Governance

Policies and Responsibilities

1. Does the Board / highest governance body or most senior executive of the company:

Issue an annual statement about the relevance of sustainable development to the company

Issue an annual statement that addresses impacts on both people and the environment

Issue an annual statement highlighting a zero tolerance for corruption

Sign off on organizational sustainability targets

Supervise Environmental, Social, and Governance reporting

Regularly review potential risks related to the business model

None of the above

Optional comment

YPF SA has a public annual Sustainability Report published. Additional information is available on YPF web site and annual Sustainability Report.

2. Does the company have a publicly stated commitment regarding the following sustainability topics?

	No, this is not a current priority	No, but we plan to have a commitment within 2 years	Yes, and the commitment is focused on our own operations	Yes, and the commitment includes our own operations and the value chain	Yes, and the commitment includes our own operations and the value chain along with communities and society
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

3. Does the company have in place a code of conduct regarding each of the following sustainability topics?

	No, this is not a current priority	No, but we plan to have a code of conduct within two years	Yes, focused on employee conduct	Yes, focused on employees and suppliers	Yes, focused on employees, suppliers, and other business relationships
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

4. Has the company appointed an individual or group responsible for each of the following sustainability topics?

	No one is specifically responsible for this topic	Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)	Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)	Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights	Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?

	No formal structure	Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)	Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)	Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)	Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

In the case of issues related to respect for human rights, there is no single formal structure that addresses the issue, but rather by topic (labor, health and safety, diversity, environmental impacts, security services), while the sustainability and risk managment areas addresses them in a cross-cutting manner.Additional information is available on YPF web site and annual Sustainability Report.

Prevention

6. Does the company have a process or processes to assess risk?

	No, this is not a current priority	No, but we are planning to develop one in the next two years	Yes, related to our own operations	Yes, related to our own operations and entire value chain and other business relationships
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Optional comment

Additional information and details on the scope of these processes are available at YPF web site and annual Sustainability Report. For timely risk management and the potential impacts management on the business, including those related to sustainability issues, YPF has a structured, continuous and cross risk management processes throughout the organization, based on the guidelines of the regulations ISO 31000, COSO ERM, and a corporate policy that gives rise to standards and procedures applicable to the different areas and business units. This process is supported by senior management and the Board of Directors, who are tasked with monitoring it through the Risk and Sustainability Committee In 2018 and 2019, YPF established its first human rights risk analysis process, which included the identification of potential risks in own operations and the value chain. The results were analyzed by the areas in charge to provide feedback to the corporate risk matrix. There is now in place a regular and systematic review of risk mapping. Company contractors are required to meet specific qualifications and contractual requirements related to labor relations, quality management systems, safety, health and environment, which are analyzed in the regular performance assessments. In order to avoid, diminish or mitigate the environmental risks associated with the operations, at YPF we work within the framework of applicable and current environmental laws and regulations The Operational Excellence System includes environmental management processes focused on risk identification and correct control throughout the whole value chain. Led by the Environment, Health and Safety Vice Presidency (SESH), its application holds the following certifications in the main industrial centers of the company: OHSAS 18001 (safety), ISO 14001 (environment) and ISO 9001 (quality) One pillar of ethical conduct is Zero Tolerance for Bribery and Corruption. For that reason, offering, giving out and receiving bribes, favors or any other form of gift to influence is prohibited. Likewise, YPF prohibits direct or indirect financing of election campaigns and contributions to political parties with company funds or resources. On the other hand, the Anti-Corruption Policy establishes general rules for making ethical and honest donations, in compliance with the Policy to Manage donations and other community expenses belonging to YPF. YPF is committed to developing its business activities and agreements with integrity, and in compliance with all applicable national and international anti-corruption regulations. YPF identifies corruption risks to include them into the risk map with their corresponding mitigation actions. The Compliance function maps risksfor every business and operation An integrity analysis of the third parties with which the company interacts is also carried out.

6.1. During the assessment of risk, which business relationships are reviewed?

	A few suppliers or business relationships [approximately less than 25 %]	Several suppliers / business relationships (i.e., first tier or other high priority) [approx. 25 - 50 %]	Most suppliers / relevant business relationships [approx. 51 - 99 %]	All suppliers / relevant business relationships outside the supply chain
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?

	No, this is not a current priority	No, but we are planning to develop one in the next two years	Yes, related to our own operations	Yes, related to our own operations and entire value chain and other business relationships
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Optional comment

Additional information is available on YPF web site and annual Sustainability Report. The Company has due diligence processes in place for the following: > Consideration of human rights cross-integrated in the company, especially in activities or areas such as environmental management, health and safety, work practices, diversity and inclusion, local communities and value chain. > Risk identification: consideration of these aspects during the operations risk management process and specific human rights mapping process. In 2018 and 2019, YPF established its first human rights risk analysis process, which included the identification of potential risks in own operations and the value chain. The results were analyzed by the areas in charge to provide feedback to the corporate risk matrix. > Regular and systematic review of risk mapping, > The formal complaint and report mechanisms regarding human rights are the same as those defined in the Company's ethics and compliance system. In the case of labor risks, the value chain refers to the contractors that work with the company in the development of its operations.

7.1. During the due diligence process, which business relationships are reviewed?

	A few suppliers or business relationships [approximately less than 25 %]	Several suppliers / business relationships (i.e., first tier or other high priority) [approx. 25 - 50 %]	Most suppliers / relevant business relationships [approx. 51 - 99 %]	All suppliers / relevant business relationships outside the supply chain
Human rights risks
Labour rights risks
Environmental risks
Corruption risks

Concerns and grievance mechanisms

8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?

No, this is not a current priority

No, but we plan to within two years

Yes, we have an informal process (e.g., through supervisors, others)

Yes, we have a formal process

Optional comment

Additional information is available on YPF web site and annual Sustainability Report. We expect that all the workers and people related to YPF report in good faith any behavior or situation that may contravene the ethical precepts. The company is committed to maintaining the confidentiality of the complainants, and ensuring security and anonymity to prevent any retaliation. There are several channels available both for members of the organization and for third parties. These channels are broadcasted internally and on the website (to access click here). Employees can Have a face-to-face conversation with the superior or person in charge of the area, a representative of the Human Resources management, Internal Audit or the Compliance area.Report the complaint through the Ethics Line

8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.

	No	Yes
Is the process communicated to all employees/workers in local languages?
Is the process available to non-employees (e.g., contractors, vendors, suppliers)?
Is the process confidential (e.g., whistleblowing process)?
Are there processes in place to avoid retaliation?
Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)
Other (Please provide additional information)

Optional comment

The company identifies the breaches to the law, Ethics Code, internal policies and integrity expectations through periodic audits and complaints received through the channels established for such purposes, which are managed in accordance with the Complaints and Investigations Management Policy. We expect that all the workers and people related to YPF report in good faith any behavior or situation that may contravene the ethical precepts already mentioned. The company is committed to maintaining the confidentiality of the complainants, and ensuring security and anonymity to prevent any retaliation. There are several channels available both for members of the organization and for third parties. These channels are broadcasted internally and on the website Along with a “zero tolerance” regarding corruption, policies Provide protection for those who report irregularities in good faith through approved company channels

9. Does the company provide or enable access to effective remedy to right holders / stakeholders where it has caused or contributed to the adverse impact?

	No process to enable remedy to stakeholders	Remedy available to some stakeholders (i.e., some geographies, employees only)	Remedy is available to all affected stakeholders	Remedy is available to all stakeholders, and suppliers are expected to have similar policies
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

YPF recognizes and respects human rights as an essential corporate ethical value, complying with current regulations in Argentina on working conditions, health care and people’s safety, trade union associations and the right to collective bargaining, diversity and equal opportunities and respect for the communities with which it interacts. This commitment is aligned with the provisions in the Universal Declaration Human rights of the United Nations and the “Declaration on Fundamental Principles and Rights at Work”, from the International Labor Organization (ILO) which areboth included in the Argentine internal law. It is expressed both in its Ethics and Conduct Code and in its Sustainability, Physical Security and Operational Excellence policies, with a preventive and safeguard approach in its scope of action. YPF expects having a regular dialogue with their stakeholders and make sure that their activities either have no negative consequences on local communities or, if these cannot be avoided, that they limit, mitigate and compensate them in an accurate way. The solutions proposed in response to the expectations of local communities are coordinated by the societal teams close working collaboration with the legal, safety and environmental teams.

Lessons

10. How does the company capture lessons regarding each of the following sustainability topics?

	No lessons are regularly captured	Conducts root cause analyses/investigation of major incidents	Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly	Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs
Human Rights
Labour Rights / Decent Work
Environment
Anti-Corruption

Optional comment

Additional information and details on the scope of these processes are available at YPF web site and annual Sustainability Report.

Executive Pay

11. Is executive pay linked to performance on one or more of the following sustainability topics?

Optional comment

Additional information and details on the scope of these processes are available at YPF web site and annual Sustainability Report. Different dimensions of sustainability are embedded in our performance assessment and incentives framework. Compliance with higher management goals is closely measured through a system of objectives associated with the strategic aspects of management and impacts on the variable remuneration of the CEO and all members of the Executive Committee (vice presidents), who have the maximum responsibility in the fulfillment of these objectives. In this regard, the Sustainability Index, included measurement of fatalities, the Accident Frequency rate, diversity, and reduction of specific CO2 equivalent emissions and general ESG performance.

Board Composition

12. Percentage of individuals within the company’s Board / highest governance body by:

	Number/Percentage	Not applicable (Please provide additional information)
Total number of board members (#)	12
Male (%)	92
Female (%)	8
Non-binary (%)	0
Under 30 years old (%)	0
30-50 years old (%)	33
Above 50 years old (%)	67
From minority or vulnerable groups (%)	0
Executive (%)	8
Independent (%)	92

Optional comment

We are reporting board of directors for year 2021, published on 20F, not considering alternates.

Data Assurance

14. Is the information disclosed in this questionnaire assured by a third-party?

No assurance for any metrics

Limited assurance for minority of metrics (e.g., GHG emissions only)

Limited assurance for majority of metrics

Independent limited assurance report, in accordance with the rules established in Technical Resolution No. 35 of the Argentine Federation of Professional Councils in Economic Sciences. Said rules demand us to comply with the ethical requirements, as well as to plan and execute the work with the aim of issuing an independent limited assurance report on the Sustainability Report, with the scope described herein. We consider the external verification as a Limited Review , based on the International Standard on Assurance Engagement 3000 (ISAE-3000) of the International Auditing and Assurance Standard Board (IAASB), which establishes a series of procedures to auditors so as to deliver their opinion on aspects other than financial information, together with the Accountability 1000 Assurance Standard (AA1000AS).

Reasonable assurance for minority of metrics

Reasonable assurance for majority of metrics

Other (Please provide additional information)

Optional comment

We are about to publish our 2021 sustainability report with the same limited assuarance than on 2020, so that we uploaded the last year report for reference

Human Rights

Commitment

2.1. For each human rights policy, is it:

	Aligned with international human rights standards?	Publicly available?	Approved at most senior level of the company?	Applied to the company’s own operations?	Applied to the company’s supply chain and/or other business relationships?	Developed involving human rights expertise from inside and outside the company?	Other (Please provide additional information)
Freedom of expression
Digital security / privacy
Rights of women and/or girls
Access to culture
Rights of indigenous peoples
Free, prior and informed consent
Rights of refugees and migrants
Access to water and sanitation

Response

8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

In the context of the COVID-19 pandemic, periodic review and enlargement of human rights assessments were planned to be carried out in 2022 when field surveys can be conducted, but Actions continued focused on protecting workers’ health. Continued with the consideration of human rights integrated transversally in the company, focusing on activities or areas such as environmental management, health and safety, labor practices, diversity and inclusion, local communities dialogue and information and the value chain. All physical security personnel continued receiving training on these topics. More information available at annual Sustainability Report.

Labour

Commitment

1. Does the company have a policy commitment in relation to the following labour rights principles?

	No, and we have no plans to develop a policy	No, but we plan to in the next two years	Yes, included within a broader policy	Yes, articulated as a stand-alone policy	Not applicable (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
2021
Forced labour
2021
Child labour
2021
Non-discrimination in respect of employment and occupation
2021
Occupational safety and health
2021
Working conditions (wages, working hours)

Optional comment

More than 59,000 employees -own and contractors-linked to YPF provide their services subject to current labor laws and regulations established in collective bargaining agreements. Respect for freedom of association and ongoing and constructive dialogue with workers’ unions are part of a corporate labor relations policy that guides our daily work.

1.1. For each labour rights policy, is it:

	Aligned with international labour standards?	Publicly available?	Approved at most senior level of the company?	Applied to the company’s own operations?	Applied to the company’s supply chain and/or other business relationships?	Developed involving labour rights expertise from inside and outside the company?	Other (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Optional comment

Código de Etica y Conducta: https://www.ypf.com/LaCompania/Documents/codigo-de-etica-y-conducta.pdf Código Libre de acoso: YPF_Politica-de-lugar-de-trabajo-libre-de-acoso.pdf Política de Diversidad e Inclusión: https://www.ypf.com/diversidad/Documents/YPF_Politica_DiversidadeInclusion.pdf Manual de comportamiento: YPF_Manual-de-comportamiento.pdf Política de Excelencia Operacional: https://www.ypf.com/excelencia-operacional/Paginas/home.aspx Corporate Governance Code: https://www.ypf.com/english/investors/Corporate-governance/Lists/CorporateGovernanceCodeYPF/YPF-SA-Codigo-Gobierno-Societario-2021_ENG.pdf

Prevention

2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights issues?

	No engagement on this topic	To better understand the risks/ impacts in question	To discuss potential ways to prevent or mitigate the risks/ impacts in question	To agree on a way to prevent/ mitigate the risks/ impacts in question	To assess progress in preventing/ mitigating the risks /impacts in question	To collaborate in the prevention/ mitigation of the risks/ impacts in question	Other (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Optional comment

The way to prevent and mitigate risks in this matter is a matter foreseen in the regulations in force and applicable in the country and is included in the company's internal regulations already referred to and attached in previous answers. YPF's implementation mechanisms and collaboration with related stakeholders are described each year in the Sustainability Report.

3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights issue?

	Provided internal training/ capacity building for the direct workforce	Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)	Conducting an audit process and/or corrective action plan	Collective Action with peers or other stakeholders, in particular workers' organizations, to address the issue	Collaboration with governmental or regulatory bodies	Other (Please provide additional information)	No action within reporting period
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Optional comment

YPF SA has a public annual Sustainability Report published. Additional information is available on YPF web site and annual Sustainability Report.

4. Who receives training for the following labour rights issues?

	No training provided	Select employees	All employees	Contractors	Direct suppliers of the organization	Indirect suppliers of the organization	Other – such as partners, clients, etc.
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Optional comment

ypf and the Federación de Sindicatos Unidos Petroleros e Hidrocarburíferos (SUPeH) have launched the Diploma in Union Management for workers in the oil industry in seven provinces where this activity is carried out. This is a university training program that is part of the SUPeH/YPF-OPESSA Collective Bargaining Agreement, and is offered with the support of the Universidad de Buenos Aires and the Universidad Catolica Argentina. During 2021 no activities were carried out due to the pandemic context, but its continuity has been confirmed for the second semester of 2022.

5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights issues?

	No monitoring of progress	Review issues on ad-hoc basis	Set annual targets/ goals, track progress over time (internal programs only)	Set annual targets/ goals, track progress over time (internal and external programs)	Other (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
The way to prevent and mitigate risks in this matter is a matter foreseen in the regulations in force and applicable in the country and is included in the company's internal regulations already referred to and attached in previous answers. We also have a permanent dialogue with the workers' union representatives as well as formal complaint channels so that claims can be filed safely and without retaliation if deemed necessary. YPF's implementation mechanisms and collaboration with related stakeholders are described each year in the Sustainability Report.
Forced labour
The way to prevent and mitigate risks in this matter is a matter foreseen in the regulations in force and applicable in the country and is included in the company's internal regulations already referred to and attached in previous answers. We also have a permanent dialogue with the workers' union representatives as well as formal complaint channels so that claims can be filed safely and without retaliation if deemed necessary. YPF's implementation mechanisms and collaboration with related stakeholders are described each year in the Sustainability Report.
Child labour
The way to prevent and mitigate risks in this matter is a matter foreseen in the regulations in force and applicable in the country and is included in the company's internal regulations already referred to and attached in previous answers. We also have a permanent dialogue with the workers' union representatives as well as formal complaint channels so that claims can be filed safely and without retaliation if deemed necessary. YPF's implementation mechanisms and collaboration with related stakeholders are described each year in the Sustainability Report.
Non-discrimination in respect of employment and occupation
The way to prevent and mitigate risks in this matter is a matter foreseen in the regulations in force and applicable in the country and is included in the company's internal regulations already referred to and attached in previous answers. We also have a permanent dialogue with personnel as well as the workers' union representatives as well as formal complaint channels so that claims can be filed safely and without retaliation if deemed necessary. YPF's implementation mechanisms and collaboration with related stakeholders are described each year in the Sustainability Report.
Occupational safety and health
Working conditions (wages, working hours)

Performance

6. What is the percentage of employees covered under collective bargaining agreements?

	Percent of employees (%)	Unknown
Employees covered under collective bargaining (%)	80

Optional comment

Personal propio+ Personal Contratado.

7. What is the percentage of employees in a trade union or other workers' organization?

	Percent of employees (%)	Unknown	Not applicable (Please provide additional information)
Employees in a trade union or on a worker committee (%)	64

Optional comment

Personal propio+ Personal Contratado

8. In the course of the reporting period, what was the percentage of women in:

	Percent of women (%)	Unknown
Senior leadership level position	16.3
Non-executive board	8.3

Optional comment

Mujeres en posiciones de gerencias y ejecutivas. Board of directors: 12 Directores, 1 mujer.

9. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?

	Salary ratio (%)	Unknown	Choose to not disclose
Women / Men (%)	93.9

Optional comment

Salario de los mujeres en relación con el salario de las Hombres.

10. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?

	Frequency of injury	Unknown	Choose to not disclose
Frequency of injury	0.34

Optional comment

Índice de Frecuencia de Accidentes (IFA) - total (LTIFR)/N accidentes computables por 1.000.000 hrs trabajdas

11. In the course of the reporting period, what was the company’s incident rate?

	Incident rate	Unknown	Choose to not disclose
Incident rate	1.29

Optional comment

Tasa de frecuencia de lesiones registrables totales (TRIFR) /"Los datos que se indican son los correspondientes al IFT (Indice de frecuencia total) sin incluir los Primeros auxilios. [(Fatalidadades (Computables + no Computables + ACPD (computables + No Computables) + ASPD]*1.000.000 / HH. More information available at annual Sustainability Report

Response and Reporting

12. In the course of the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to the adverse impact associated with the following labour rights issues?

	Yes	No	Choose to not disclose	Not applicable (Please provide additional information)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

13. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the labour rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

With respect to the actions carried out, which have been mentioned in previous points, we can highlight the training of our own employees and contractors, the actions carried out in alliances and collaboration with other public and private actors in the areas of labor rights, workplace free of discrimination and harassment, as well as health and safety. At the same time, the aforementioned grievance mechanisms were kept in place to provide security to potentially affected parties, and work was carried out to update the human rights and community relations policy. In terms of challenges in the last two years, the greatest challenge was how to continue operating in the context of a pandemic with enormous operating and income restrictions, while maintaining the jobs of our workers and protecting their health and that of their families. YPF's implementation mechanisms and collaboration with related stakeholders are described each year in the Sustainability Report.

Environment

Commitment

1. Does the company have a formal policy on the following environmental topics?

	No, and we have no plans to develop a policy	No, but we plan to in the next two years	Yes, included within a broader policy	Yes, articulated as a stand-alone policy	Not applicable (Please provide additional information)
Climate Action
archivo adjunto
Water
2020
Oceans
2020
Forests / Biodiversity / Land Use
2021
Air Pollution
2020
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
2020
Energy & Resource Use
archivo adjunto

1.1. For each environmental policy, is it:

	Aligned with international environmental standards?	Publicly available?	Approved at most senior level of the company?	Applied to the company’s own operations?	Applied to the company’s supply chain and/or other business relationships?	Developed involving environmental expertise from inside and outside the company?	Other (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

YPF SA has a public annual Sustainability Report published. Additional information is available on YPF web site and annual Sustainability Report.

Prevention

2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental issues?

	No engagement on this topic	To better understand the risks/ impacts in question	To discuss potential ways to prevent or mitigate the risks/ impacts in question	To agree on a way to prevent/ mitigate the risks/ impacts in question	To assess progress in preventing/ mitigating the risks/ impacts in question	To collaborate in the prevention/ mitigation of the risks/ impacts in question	Other (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

YPF SA has a public annual Sustainability Report published. Additional information is available on YPF web site and annual Sustainability Report.

3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?

	Provided internal training/ capacity building for the direct workforce	Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)	Conducting an audit process and/or corrective action plan	Collective Action with peers or other stakeholders to address the issue	Collaboration with governmental or regulatory bodies	Other (Please provide additional information)	No action within reporting period
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

YPF SA has a public annual Sustainability Report published. Additional information is available on YPF web site and annual Sustainability Report.

4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?

	No monitoring of progress	Review issues on ad-hoc basis	Set annual targets/ goals, track progress over time (internal programs only)	Set annual targets/ goals, track progress over time (internal and external programs)	Other (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

YPF SA has a public annual Sustainability Report published. Additional information is available on YPF web site and annual Sustainability Report as well as climate action and water questionnaires answered by the company to cdp

4.1. For each environmental topic in which the company sets timebound goals / targets, what kind of targets has the company set?

	Description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)
Climate Action	MANAGEMENT OF CO2 AND METHANE EMISSIONS - Intensity of direct GHG emissions (tCO2e / unit produced): 2021: 0,325 ; Target 2023 (0,35) exceded. New target under analyses. - 30% methane emissions reduction by 2030 (baseline 2021) - zero routine flaring by 2030 - purchased energy for own consuming from renewable sources: 28% in 2021; target 2023: 35%; PROFITABLE ELECTRIC POWER BUSINESS: - Renewable electrical energy generated by YPF Luz (MW): 2021: 397 MW; Target 2026:564 MW - Electric power installed capacity: 2021: 2483 MW ; target 2026:2.624 MW - I+D Investment in Energy: 2021: U$M 24
Energy & Resource Use	Energy efficiency Energy intensity (GJ / unit produced): 2021: 4.56 ; 2023: 4.35 (as of 2023).
Water	% of facilities with higher water with drawal with efficient water use: 100% of target facilities with started process in 2020: 50% of target facilities with started process 2023: 80% of target facilities with verification of water efficient use. 5% Reduction of freshwater withdrawal intensity.
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Oceans

4.2. For each environmental topic in which the company sets timebound goals / targets, how is progress against target / goal tracked?

	Progress is reviewed against goals annually or more frequently	Progress is reported internally to the most senior level	Progress is reported externally	Other (Please provide additional information)
Climate Action
Energy & Resource Use
Water
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Oceans

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any actual impacts associated with the following environmental issue(s)?

	Yes	No	Choose to not disclose	Not applicable (Please provide additional information)
Climate Action
Water
Oceans
Forests / Biodiversity / Land Use
Air Pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & Resource Use

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

Climate Action

6. What were the company’s gross global greenhouse gas emissions for the reporting period?

Scope 1 Emissions

Full

None

Emissions (tCO2e)

15603375

Scope 2 Emissions

Full

None

Emissions (tCO2e)

757092

Scope 3 Emissions

Full

Partial

None

Emissions (tCO2e)

65549289

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

7. What percentage of the company's revenue was invested in R&D of low-carbon products/services during this reporting period?

Percent of revenue (%)

Unknown

Not applicable (Please provide additional information)

8. Has the organization acted to support climate change adaptation and resilience?

We have taken action to increase organization-wide resilience to climate change

We have taken action to increase resilience in our supply chains

We have taken action to increase resilience in the communities in which we operate

We have provided funding for climate change adaptation and resilience initiatives and projects

We have not taken actions to build climate change resilience in the reporting period

Other (Please provide additional information)

Unknown

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

Energy / Resource Use

9. Please report the company's renewable energy consumption as a percentage of total energy consumption in the reporting period.

% of total energy consumption

1.16

Unknown

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

Technology

10. What percent of the company's revenue came from environmentally friendly products / services during this reporting period?

Percent of total revenue (%)

Unknown

Not applicable (Please provide additional information)

Sector-specific: Water

12. Please provide details regarding the company's water withdrawal and consumption (own operations) during the reporting period.

Water withdrawal (volume of water in megaliters):

	Mega-liters	Unknown	Not applicable (Please provide additional information)
Total	64946
Groundwater:	17053
Surface water:	47893
Rainwater:
Wastewater:
Percentage of water withdrawn in regions with high or extremely high water stress (%)	35.8

Water consumption (volume of water in megaliters):

	Mega-liters	Unknown	Not applicable (Please provide additional information)
Total	33.138
Groundwater:	11.639
Surface water:	21.501
Rainwater:
Wastewater:
Percentage of water consumed in regions with high or extremely high water stress (%)	12.9

Optional comment

The numbers reported are for year 2021, they are included in our 2021 sustainability report that is scheduled for publicy in july.

13. Please provide details about the company’s water intensity of products in regions with high or extremely high water stress.

Water intensity of products (cubic meter/$):

Unknown

Not applicable (Please provide additional information)

Optional comment

We are working in this number, we have the water capture in this zone but not the intensity, for Year 2021: 23.272,61 ktn captured in water stress zone. The numbers reported are for year 2021, they are included in our 2021 sustainability report that is scheduled for publicy in july

Sector-specific: Forest, biodiversity, and land use

14. Please report the number and area (in hectares) of sites owned, leased, or managed by the company in or adjacent to protected areas and/or key biodiversity areas (KBA).

	Number	Unknown	Not applicable (Please provide additional information)
Sites	24
Hectares	163.796

Optional comment

The numbers reported are for year 2021, they are included in our 2021 sustainability report that is scheduled for publicy in july

15. What area (in hectares) of natural ecosystems was converted during the reporting period in areas owned, leased, or managed by the company?

Conversion of natural resources (hectares)

Unknown

Not applicable (Please provide additional information)

we didn´t have new areas owned. The numbers reported are for year 2021, they are included in our 2021 sustainability report that is scheduled for publicy in july

16. Is the company supporting or implementing project(s) focused on ecosystem restoration and protection?

	No	No, but we plan to in the next 2 years	Yes
Forest ecosystem restoration
7000
Other ecosystem restoration
56098
Reforestation
Natural regeneration
Agroforestry
Set-aside land
Biodiversity offsetting
Other (please specify in text box)

Optional comment

The numbers reported are for year 2021, they are included in our 2021 sustainability report that is scheduled for publicy in july

Sector-specific: Air pollution

17. Where applicable, please report the company's emissions of the following pollutants during the reporting period.

	Emissions (tCO2e)	Unknown	Not applicable (Please provide additional information)
NOx	57255
SOx	6116
Volatile Organic Compounds (VOC)	44758
Hazardous air pollutants (HAP)
Particulate matter (PM10)	3091
Persistent organic pollutants (POP)
Other (please specify in text box)	14060

Optional comment

Sector-specific: Waste

18. Please report the company's total weight of waste generated in metric tonnes during the reporting period.

Waste Generated (t)

532.23

Unknown

Not applicable (Please provide additional information)

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

19. Please report the percentage of the company's waste that was hazardous waste (i.e., hazardous waste ratio) during the reporting period.

Hazardous Waste Ratio (%)

Unknown

Not applicable (Please provide additional information)

20. Please report the company's estimated metric tonnes of single-use plastic consumed wherever material along the value chain during the reporting period.

Single-use plastics (tonnes)

Unknown

Not applicable (Please provide additional information)

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

Overall Environment

21. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including any challenges faced and actions taken towards prevention and/or remediation.

In 2021, YPF continued working for a new ambition to become a high value, low cost and low carbon energy company. Engaged towards leading energy transitions in Argentina together with the sector, government and society. We are committed to driving a fair and inclusive energy transition that promotes integrating innovative solutions and achievable strategies while considering the abilities, availability of resources and development needs for each country. The climate action also hits our operation physical risks and those related to the transition towards a carbon neutral economy and energy matrix, including new regulations at a local and international level. In this context, our businesses resilience in the medium and long-term depends greatly on our ability to adapt to emerging challenges and changes across the globe. In this sense, the nature of the activities we carry out has a relevant role in mitigating climate change, especially while renewable energy sources and new energy alternatives are emerging every day. This presents opportunities for not only the energy industry, but for YPF in particular. Our Company is transforming to provide sustainable solutions to the dual challenge of more energies with less emissions. In the short-term, our focus on reducing GHG emissions associated with our operations allows us to explore new technologies and processes that may increase efficiency in the use of resources. This includes initiatives linked to methane detection, capture and monetization, and improvement to energy management especially in Downstream where consumption percentages are high part of its costs. In addition, YPF promotes a profitable and growing business in electricity and renewable energy through YPF LUZ, and supports the creation of new products and services, such as those related to hydrogen economy and carbon dioxide CCUS technologies and processes, through Y-TEC, a leading national company in innovation and technology applied to avant-garde energy sources solutions. Resilience to climate change is a relevant axis of the Company's new strategy and innovation model. Our climate change roadmap is built on pillars: GHG emission reductions in the oil and gas operations, new low-carbon businesses (such as litio or hydrogen), offset initiatives and operation adaptation programs to future scenarios and potential risks. In 2021, YPF continued working for a new ambition to become a high value, low cost and low carbon energy company. Engaged towards leading energy transitions in Argentina together with the sector, government and society. We are committed to driving a fair and inclusive energy transition that promotes integrating innovative solutions and achievable strategies while considering the abilities, availability of resources and development needs for each country. The climate action also hits our operation physical risks and those related to the transition towards a carbon neutral economy and energy matrix, including new regulations at a local and international level. In this context, our businesses resilience in the medium and long-term depends greatly on our ability to adapt to emerging challenges and changes across the globe. In this sense, the nature of the activities we carry out has a relevant role in mitigating climate change, especially while renewable energy sources and new energy alternatives are emerging every day. This presents opportunities for not only the energy industry, but for YPF in particular. Our Company is transforming to provide sustainable solutions to the dual challenge of more energies with less emissions. In the short-term, our focus on reducing GHG emissions associated with our operations allows us to explore new technologies and processes that may increase efficiency in the use of resources. This includes initiatives linked to methane detection, capture and monetization, and improvement to energy management especially in Downstream where consumption percentages are high part of its costs. In addition, YPF promotes a profitable and growing business in electricity and renewable energy through YPF LUZ, and supports the creation of new products and services, such as those related to hydrogen economy and carbon dioxide CCUS technologies and processes, through Y-TEC, a leading national company in innovation and technology applied to avant-garde energy sources solutions. Resilience to climate change is a relevant axis of the Company's new strategy and innovation model. Our climate change roadmap is built on pillars: GHG emission reductions in the oil and gas operations, new low-carbon businesses (such as litio or hydrogen), offset initiatives and operation adaptation programs to future scenarios and potential risks. In order to avoid, diminish or mitigate the environmental risks associated with the operations, at YPF we work within the framework of applicable and current environmental laws and regulations. Our commitment to responsible environmental management is translated into guidelines that seek to assure the efficiency in the use of the resources, waste suitable management and the ecosystem care in all the value chain. Our Operational Excellence Policy outlines our environmental care responsibility and ensures the reliability and integrity of our assets and operations. For each operation and project, YPF carries out environmental impact studies in compliance with current legislation and internal regulations. We also prepare management plans that take into account measures to prevent or minimize possible negative impacts on the environment, as well as monitoring programs and actions in case of contingencies. Both the studies and the plans are presented to the environmental authorities in each jurisdiction who carry out the corresponding environmental assessment processes. Company pays renewed attention to protecting habitats and biodiversity. And all these issues are integrated in its investment criteria. More information about water, waste and atmospheric emissions management as well as circular economy approach and iniciatives is available at sustainability report.

Anti-corruption

Commitment

1. Does the company have an anti-corruption compliance programme?

No, it is not an immediate business priority

No, but we plan to in the next two years

Yes

2021

Optional comment

One pillar of ethical conduct is Zero Tolerance for Bribery and Corruption. For that reason, offering, giving out and receiving bribes, favors or any other form of gift to influence is prohibited. Likewise, YPF prohibits direct or indirect financing of election campaigns and contributions to political parties with company funds or resources. On the other hand, the Anti-Corruption Policy establishes general rules for making ethical and honest donations, in compliance with the Policy to Manage donations and other community expenses belonging to YPF. YPF is committed to developing its business activities and agreements with integrity, and in compliance with all applicable national and international anti-corruption regulations. Additional information is available on YPF web site and annual Sustainability Report.

2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g. with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?

No, and we have no plans to develop a policy

No, but we plan to in the next two years

Yes, included within a broader policy

Yes, articulated as a stand-alone policy

Optional comment

This type of information is available in the code of ethics and conduct, in company policies (such as Public Official Engagement, guidelines for interaction with public officials, Summary of rules and procedures to prevent unlawful acts in the scope of tenders, bids, execution of administrative contracts or any other type of contract with the public official). public officials, Summary of rules and procedures to prevent unlawful acts in the scope of tenders, bids, execution of administrative contracts or any other type of contract with the public official). public sector, Competition Law Policy) as well as in the training courses available on the subject. Additional information is available on YPF web site and annual Sustainability Report.

Prevention

3. Who receives training on anti-corruption and integrity?

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

3.1. How often is such training provided?

	One time only	Every year	Every two or more years	We do not collect this data
All employees
Select employees
Contractors
Direct suppliers of the organization
Other – such as partners, clients, etc.
Indirect suppliers of the organization

Optional comment

Additional information is available on YPF web site and annual Sustainability Report.

4. Does the company monitor its anti-corruption compliance programme?

No, we do not monitor the anti-corruption compliance programme

Review issues on ad-hoc basis

Yes, through internal employee self-evaluations

Yes, through automated controls monitoring

Yes, through external independent monitoring

Yes, through other mechanisms

Additional information is available on YPF web site and annual Sustainability Report.

Response and Reporting

5. Please report the company's total number and nature of incidents of corruption during the reporting year.

	Number of incident(s)	Unknown	Choose to not disclose
Confirmed during the current year, but related to previous years	0
no incidents reported
Confirmed during the current year, and related to this year	0
no incidents reported

6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?

Initial case assessment

Internal investigation

Review by risk / ethics committee

Review by board of directors

External audit / review

Other (please provide additional information)

Not applicable/no incidents in the reporting period

Optional comment

Aditional information is available on YPF web site and annual Sustainability Report.

7. Does your company engage in Collective Action against corruption?

No, it is not an immediate business priority

No, but we plan to in the next two years

Yes (please explain)

8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the anti-corruption principle, including any challenges faced and actions taken towards prevention and/or remediation.

During 2021, the Compliance Area, responsible for the development, implementation, management and continuous monitoring of the Integrity Program of YPF S.A. and with the aim of strengthening it and continuing to strengthen the ethical culture of the Company, while complying with applicable national and international standards, redefined its mission from a triple approach: •Top Management: accompanying during the definition of corporate objectives and strategies; • The Organization: accompanying for the implementation/materialization of these objectives in the implementation of the different projects; becoming a strategic partner of the business. • Third Parties: extending our corporate ethical values to the Third Parties with whom we interact, providing value to both the organization and suppliers, contractors and stakeholders, strengthening the Company's position in terms of ethics and transparency as a leader in the Oil & Gas sector. Having a robust, reasonable and appropriate Integrity Program according to the size, economic capacity and sector of the Company is a priority to contribute to the success of the business and its sustainability in the long term. Likewise, the soundness of an Integrity Program contributes decisively to increasing the trust of third parties and stakeholders and thus strengthening our reputation, creating value for both YPF S.A. and those with whom we interact. Annually, the organization and Top Management are trained on Cero Tolerance to Corruption, the key guideline of our Integrity Program; in addition to an annual communication campaign. We also continued to strengthen the ethical culture and the Company as a leader in ethics and integrity and to promote and extend our #ModoCompliance to affiliates, with the strong belief that doing the right thing is the only way to carry out our core business. 2021 Work Plan: Based on the annual goals approved by the company, the Compliance area decided to design its unit and individual team goals, linking them to those of the company to add value. Thus, designed goals related to: I. Ethics & Integrity Management: Actions and improvement initiatives to manage ethics and transparency, promoting the integration of Compliance as a strategic partner. II. Transversal Mitigation Actions: Actions to identify and contain risks and establish criteria and indicators to provide traceability, monitoring and continued improvement of the Integrity Program. III. Affiliates Integrity Program: Design and implementation of Integrity Program in AESA S.A., YTEC, YPF GAS S.A., OPESSA S.A, YPF CHILE, YPF BRASIL, FUNDACION YPF. IV. Design of Long-Term Integrity Actions: Long-term work plan according to the highest national and international standards that collaborate to position the company as a leader in the field. Within the framework of the actions carried out by the area, different shared agendas with business and transversal areas of the company were developed, adapted to the needs and specificities of each area. Likewise, the participation of the Compliance area was incorporated into various special projects, and work was done on improvement actions for existing processes and procedures in the Company and these areas. These actions were developed on the basis of various identified risks, and have a preventive rather than mitigative character, seeking a proactive approach to the area, rather than a reactive one. In the same sense, as part of the monitoring and continuous improvement process, the Compliance area developed traceability and management indicators focus on achieving greater efficiency, with the aim of having accurate and specific information on different aspects of the Integrity Program to be able to design prevention and mitigation actions.