Report - COP Prototype

2022 Communication on Progress

Parex Resources Colombia Ltd Sucursal

Published date

June 30, 2022

No. of questions

Supplemental files

Human-Rights-20-08-2021_es-1.pdf COL-DE-PO-001-POLITICA-INTEGRAL-HSE.pdf Anti-Bribery-19-08-2021_es-1.pdf Human-Rights-20-08-2021_es-1.pdf COL-DE-PO-004-POLITICA-DE-AGUA-firmado.pdf Human-Rights-20-08-2021_es-1.pdf COL-DE-PO-001-POLITICA-INTEGRAL-HSE.pdf COL-DE-PO-001-POLITICA-INTEGRAL-HSE.pdf COL-DE-PO-004-WATER-POLICY.pdf Anti-Bribery-19-08-2021_es-1.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

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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

See relevant corporate policies at https://parexresources.com/es/proveedores-y-contratistas/ Additionally, we observe local labor legistlation that includes all the labor rights addressed by Global Compact. See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

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

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

Parex has a labor risk matrix, but it doesn´t include all the labor rights risk addressed by Global Compact.

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

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

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)

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

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

Executive Pay

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

Optional comment

This refers to the annual bonus that every employee gets according to the performance vis-a-vis our annual scorecard

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 (#)	9
Male (%)	78
Female (%)	22
Non-binary (%)	0
Under 30 years old (%)	0
30-50 years old (%)	0
Above 50 years old (%)	100
From minority or vulnerable groups (%)	0
Executive (%)	11
Independent (%)	89

Optional comment

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

Reasonable assurance for minority of metrics

Reasonable assurance for majority of metrics

Other (Please provide additional information)

We perform a limited data assurance in our Sustainability Report (10 top more relevant in materiality). We perform a reasonable assurance regarding emissions. We conduct a full data assurance on financial topics via PWC . See our forthcomign Sustainability Report https://parexresources.com/es/informes/

Human Rights

Commitment

2. Does the company have a policy commitment in relation to the following human rights issues?

	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
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Indegenous peoples are addressed in the Human Rights policy, last reviewed in 2021
Access to culture
Free, prior and informed consent
Access to water and sanitation
Our Water Policy was last reviewed in 2021

Optional comment

Both water and indegenous peoples are addresed in our Coproate Human Rights policy, last reviewed in 2021

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

Optional comment

Both water and indegenous peoples area ddresed in our Coproate Human Rights policy, last reviewed in 2021

Prevention

3. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following human 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
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

4. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this human 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 to address the issue	Collaboration with governmental or regulatory bodies	Other (Please provide additional information)	No action within reporting period
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
We have begun conducting previous consultations with several indigenous groups. These consultations are conducted according to Colombian legistlation and best practices in the oil and gas industry.
Access to culture
Free, prior and informed consent
Access to water and sanitation
We have contributed to increase access to water vía our Watr of all and Works of taxes programs

Optional comment

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

5. Who receives training for the following human 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.
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

6. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following human 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)
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Response

7. During the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to adverse impact associated with the following human rights issue(s)?

	Yes	No	Choose to not disclose	Not applicable (Please provide additional information)
Rights of women and/or girls
Freedom of expression
Rights of refugees and migrants
Digital security / privacy
Rights of indigenous peoples
Access to culture
Free, prior and informed consent
Access to water and sanitation

Optional comment

There were no cases in which the company has caused or contributed to adverse impacts associated with human rights See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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.

We are conducting a due diligence and risk analysis pilot. A third party will conduct it in 2022 and early 2023. See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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
Included in our Human Rights policy, last reviewed in 2021
Forced labour
Included in our Human Rights policy, last reviewed in 2021
Child labour
Included in our Human Rights policy, last reviewed in 2021
Non-discrimination in respect of employment and occupation
Included in our Code of Conduct and Human Rights policy, last reviewed in 2021
Occupational safety and health
Our HSEQ policy was las reviewed in 2021
Working conditions (wages, working hours)

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)

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
all employees are trained in this topic
Occupational safety and health
all employees and relevant contractors are trained in this topic
Working conditions (wages, working hours)

Optional comment

There are no affected stakeholders regarding freedom of association, forced labour and child labour. Thus, we haven´t had any angagement on this topic. See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Occupational safety and health
Working conditions (wages, working hours)

Optional comment

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

Performance

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

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

Optional comment

This question doesn´t apply since we don´t have neither unions nor collective bargaining

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 (%)
There are no unions in Parex

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

	Percent of women (%)	Unknown
Senior leadership level position
Non-executive board	25

Optional comment

In Parex senior leadership level cathegory includes senior executive. See https://parexresources.com/wp-content/uploads/2022/05/Parex-Infocircular_2022.pdf Also see our forthcomign Sustainability Report https://parexresources.com/es/informes/ We have 9 members in our board, 1 of them is executive. Out of the remainign 8 members, 2 are women. Therefore the percentage of non-executive board members who are women is 25%

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 (%)

Optional comment

We haven´t calculated this ratio. Variety in levels of responsibility is a major challenge for calculating such a figure.

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	0.3

Optional comment

This is the rate of recordable work-related injuries for all employees (200,000 hours worked) This figure doesn´t include contractors. The rate of recordable work-related injuries for contractors (200,000 hours worked) was 0.18 See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

	Incident rate	Unknown	Choose to not disclose
Incident rate	0.19

Optional comment

This is total recordable incident rate for employees (TRIR). The total recordable incident rate for contractors was 0.18 See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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)

Optional comment

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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.

All employees were trained on diversity and non discrimination. In 2022 Parex will work towards the development of a coporate path on diversity, equity and inclusion. Parex will aso work on raise awarness about these topics and to integrated them in its corporate culture. See our fothcomig Sustinability Report https://parexresources.com/es/informes/

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
last reviewed 2022
Water
last reviewed 2021
Oceans
Oceans are not directly involved in our activities
Forests / Biodiversity / Land Use
last reviewed 2022
Air Pollution
last reviewed 2022
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
last reviewed 2022
Energy & Resource Use
last reviewed 2022

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

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

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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

All actions aimed at preventing and mitigating impacts linked to above mentioned issues, are described in our Environmental Management Plans. Additionally, they area also established via corporate programs aimed at information management about energy use and emissions. See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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

Items marked as having internal programs only comprise annual monitoring and control processes. In the case of water, there is an internal objective associated with the management system based on the ISO 14001:2015 standard, certified by SGS. See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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	We expect to reduce 50% of operational intensity in emision GEI Scope 1 and 2 by 2030. 2019 serves as baseline int is goal. We also expect to achive neutral carbon by 2050
Energy & Resource Use
Water
Forests / Biodiversity / Land Use
Air Pollution	We expect to eliminate routinary gas burning by 2030. This is bsed on World Bank standards
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

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

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

Climate Action

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

Scope 1 Emissions

Full

None

Emissions (tCO2e)

158324

Scope 2 Emissions

Full

None

Emissions (tCO2e)

176.29

Scope 3 Emissions

Full

Partial

None

Emissions (tCO2e)

2828434

Optional comment

see our forthcoming sustainability report https://parexresources.com/es/informes/

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)

Optional comment

We have developed I+D projects related to, among others, renewable energy and nano parts use to improve operational processes. See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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

0.4

Unknown

Optional comment

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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)

Optional comment

Although the company has recycling programs, it doesn´t quantifies this revenue.

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	5461.29
Groundwater:	27.04
Surface water:	55.36
Rainwater:	0
Wastewater:	5364
Percentage of water withdrawn in regions with high or extremely high water stress (%)	0.00031

Water consumption (volume of water in megaliters):

	Mega-liters	Unknown	Not applicable (Please provide additional information)
Total	97.43
Groundwater:
Surface water:
Rainwater:
Wastewater:
Percentage of water consumed in regions with high or extremely high water stress (%)

Optional comment

Total water withdrawal includes groundwater, surface water, water bought to third parties and formation water (produced as a result of our activities). The last two categories are also measured by the company, and add 70.12 megaliters and 5308,77 megaliters, respectively. In regards to water withdrawal, wastewater is calculated by adding: domestic wastewater, industrial wastewater and reinjection water. Water consumption adds 97, 43 and is calculated by comparting water input (bought to third parties, surface water, ground water, formation water) and water output (industrial wastewater, domestic wastewater and reinjection water). See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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

The Company calculate Water Intensity [water m3/boe] that for the reporting period adds 0.019 See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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	95
Hectares

Optional comment

We know our operations are overlapped or near by 95 protected areas or areas that are key for biodiversity. However we don´t measure these areas. See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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)

Oil & GAs sector compannies cannot convert special natual areas into areas owned, leased or managed by a company.

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
Other ecosystem restoration
Reforestation
Natural regeneration
several projects in different contry areas that add 110,11 hectares
Agroforestry
Erodated areas restoration through cacao plants. 246 hectares total
Set-aside land
Biodiversity offsetting
Other (please specify in text box)

Optional comment

See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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	5419.15
SOx	35876.53
Volatile Organic Compounds (VOC)	1597.58
Hazardous air pollutants (HAP)
Particulate matter (PM10)
Persistent organic pollutants (POP)
Other (please specify in text box)

Optional comment

The Company monitors air pollution and verifies emissions. However, the three items reported as unknown are monitored but not quantified. See our fothcomign Sustainability Report https://parexresources.com/es/informes/

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, Parex worked on several environmental fronts, including actions to contribute tackling climate change such as reducing emissions and working on alternative sources of energy (e.g, solar farms). In 2022 Parex will continue working towards contributing to tackling climate change and will also work towards developing environmental corporate strategies that address key issues such as biodiversity. See details on these and similar actions in our forthcoming Sustainability report https://parexresources.com/es/informes/

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

Last reviewed 2021

Optional comment

Our Anti.Bribery and corruption policy can be consulted at https://parexresources.com/es/proveedores-y-contratistas/

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

Prevention

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

Optional comment

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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

Optional comment

Providers and contractors are scanned through SARLAF. We also have a whistle-blower mechanism. PWC oversees compliance indicators. See our forthcomign Sustainability Report https://parexresources.com/es/informes/

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
There where no incidents
Confirmed during the current year, and related to this year	0
There were no incidents

Optional comment

These figures refer to Colombia and are included in our forthcoming Sustainability Report https://parexresources.com/es/informes/

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

See our forthcoming Sustainability report https://parexresources.com/es/informes/

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)

Optional comment

We expect to work towards industry based initiatives

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.

We will continue training employees and supply chain both in main offices and in the field. See our fothcomign Sustainability Report https://parexresources.com/es/informes/