World Economic
Forum (WEF) Index
Toward Common Metrics and Consistent Reporting of Sustainable Value Creation
|
Pillar |
Theme |
Coremetrics & Disclosures |
|
Planet: |
Climate Change - Greenhouse gas (GHG) emissions |
• Key indicators. GHG emissions from operational control, Page 13 • A cleaner energy future. Managing carbon emissions. Direct and indirect greenhouse gas emissions (GHG), Page 27 • A cleaner energy future. Managing carbon emissions. Percentage of operation covered by our GHG footprint measuremen, Page 27 • A cleaner energy future. Environmental management at the Rancho Hermoso oil field. Annual GHG emissions (tons), Page 42 |
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• A cleaner energy future. Climate change strategy. Corporate governance structure for addressing climate change, Page 24 • A cleaner energy future. Climate change strategy. Impacts, mitigation or remediation strategies, and challenges, Page 24 • A cleaner energy future. Climate change strategy. Managing carbon emissions, Pages 27-29 • A cleaner energy future. Climate change strategy. Our ESG goals 2021-2026, Page 29 To date Canacol is not committed to set a science-based target in line with net-zero by 2050, but is planning to do it in the future. |
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Planet: |
Nature Loss - Land use and ecological sensitivity |
• Key indicators. Biodiversity, Page 13 • A cleaner energy future. Biodiversity, Page 30 • A cleaner energy future. Biodiversity. Impacts, mitigation or remediation strategies, and challenges, Page 31 • A cleaner energy future. Biodiversity. Reforestation, Page 31 |
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Planet: |
Fresh water availability - Fresh water consumption in water stressed areas |
• Key indicators. Water Management / water withdrawal, Page 13 • A cleaner energy future. Interactions with water as a shared resource, Pages 33-35 |
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Planet: |
Climate Change - Science-based target to reduce GHG emissions |
To date Canacol is not committed to set a science-based target in line with net-zero by 2050, but is planning to do it in the future. |
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Planet: |
Climate Change -TCFD-aligned reporting |
TCFD Index |
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Planet: |
Climate Change - Impact of greenhouse gases |
• Key indicators. Indirect GHG emissions (scope 3) (tonnes CO2e), Page 13 • A cleaner energy future. Managing carbon emissions. Canacol’s indirect emissions - upstream activities (metric tonnes of CO2 equivalent), Page 28 |
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Planet: |
Nature Loss - Impact of land use |
Not implemented |
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Planet: |
Fresh water availability - Impact of fresh water consumption |
• A cleaner energy future. Interactions with water as a shared resource, Pages 33-35 • A cleaner energy future. Interactions with water as a shared resource. Water consumption by source and activity 2020 (m3) (Subcontracted activity), Page 34 • A cleaner energy future. Interactions with water as a shared resource. Water consumption by use and activity 2020 (m3) (Subcontracted activity), Page 34 • A cleaner energy future. Interactions with water as a shared resource. Water discharge. Wastewater management by type of disposal (m3) (Subcontracted activity), Page 35 |
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Planet: |
Air pollution - Fine particulate matter |
• Key indicators. Air Quality / Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions, Page 13 • A cleaner energy future.Managing carbon emissions. Significant air emissions, Page 28 |
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Planet: |
Air pollution - Impact of air pollution |
Not implemented |
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Planet: |
Water pollution - Nutrients |
Not implemented |
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Planet: |
Water pollution - Impact of water pollution |
Not implemented |
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Planet: |
Solid waste - Single use plastics |
Not implemented |
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Planet: |
Solid waste - Impact of solid waste disposal |
A cleaner energy future. Waste management: • Direct and indirect-waste generated by activity (kg), Page 37 • Direct hazardous waste by disposal method direct (kg), Page 38 • Direct and indirect hazardous waste by activity and type of disposal (kg), Page 38 • Direct and indirect hazardous waste by disposal method (kg), Page 39 • Direct and indirect hazardous waste not for disposal (kg), Page 39 • Non-hazardous direct waste by disposal method (kg), Page 39 • Non-hazardous direct and indirect waste by activity and disposal method (kg), Page 40 • Non-hazardous direct and indirect waste not for disposal, by activity (kg), Page 40 • Non-hazardous direct and indirect waste for disposal (kg), Page 40 |
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Planet: |
Resource availability - Resource circularity |
In 2020: • 46.7% of our total waste generated was used or sold. • Recycling used oil. We dispose used oil through an authorized third-party: 6.3 tonnes of used oil from production and 2.4 tonnes of used oil from drilling contractors. • We used 12,962.4 kg of contaminated waste to generate energy through incineration. |
|
Principles of governance: Core metrics and disclosures |
Setting Purpose |
• We are the future, we are energy, Pages 4-5 • Canacol Energy. Environmental, social, and governance (ESG) strategy: sustainability is fundamental to our business, Pages 9-10 |
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Principles of governance: Core metrics and disclosures |
Governance body composition |
• Board of Directors, Page 2 • Consult: http://canacolenergy.com/site/assets/files/2845/canacol-2020-agm-circular.pdf Pages 5-10 |
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Principles of governance: Core metrics and disclosures |
Stakeholder engagement |
• Canacol Energy. Environmental, social, and governance (ESG) strategy: sustainability is fundamental to our business. Material topics 2020, Page 10 • Canacol Energy. Environmental, social, and governance (ESG) strategy: sustainability is fundamental to our business. Stakeholders, Page 11 |
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Principles of governance: Core metrics and disclosures |
Anti-corruption |
• A transparent and ethical business. Ethics, compliance, and anti-corruption, Pages 44-47 • Zero (0). We did not have confirmed cases of corruption & bribery during 2020 |
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Principles of governance: Core metrics and disclosures |
Protected ethics advice and reporting mechanisms |
A transparent and ethical business. Ethics, compliance, and anti-corruption, Pages 44-47 |
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Principles of governance: Expanded metrics and disclosures |
Setting Purpose |
• We are the future, we are energy, Pages 4-5 • Canacol Energy. Environmental, social, and governance (ESG) strategy: sustainability is fundamental to our business, Pages 9-10 • All of the actions that Canacol carries out in response and benefit of its stakeholders are framed in its sustainability model and are based on its corporate values, strategies and objectives from an Environmental, Social and Governance (ESG) perspective. With the goal of becoming a leading company in sustainability, continuous improvement has become a fundamental axis within Canacol. Therefore, Canacol has decided to create a comprehensive model focused on implementing and leading best practices in corporate sustainability affairs at a global level. |
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Principles of governance: Expanded metrics and disclosures |
Progress against strategic milestones |
• We are the future, we are energy, Pages 4-5 • Canacol Energy. Meeting Colombia’s natural gas demand, Page 8 • Canacol Energy. Environmental, social, and governance (ESG) strategy: sustainability is fundamental to our business, Pages 9-10 |
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Principles of governance: Expanded metrics and disclosures |
Monetary losses from unethical behaviour |
Zero fines or monetary losses from unethical behaviour. |
|
People: |
Dignity and Equality - Pay equality (%) |
• A safe and committed team. Diversity, inclusion, and equity. We are committed to reducing gender gaps. Salary equity Canada, Page 61 • A safe and committed team. Diversity, inclusion, and equity. We are committed to reducing gender gaps. Salary equity Colombia, Page 61 |
|
People: |
Dignity and Equality -Diversity and inclusion (%) |
• A safe and committed team. Human resources management and culture. Employability indicators. Total number of full-time employees by gender and region, Page 54 • A safe and committed team. Human resources management and culture. Employability indicators. Employee voluntary turnover by age and gender, Page 55 • A safe and committed team. Diversity, inclusion, and equity, Pages 60-61 |
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People: |
Dignity and Equality - Wage level (%) |
• Ratio Non-management (Women) / Colombia minimum wage 0,0018 • Ratio Non-management (Men) / Colombia minimum wage 0,0021 |
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People: |
Dignity and Equality - Risk for incidents of child, forced or compulsory labour |
Zero perations and suppliers at significant risk for incidents of child labor. |
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People: |
Health and Well-being - Health and safety (%) |
A safe and committed team. We offer safe and healthy work environments. Corporate indicators for industrial safety, Page 63 |
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People: |
Skills for the Future - Training provided (#, $) |
A safe and committed team. Training and development. Training indicators. Average number of training hours by gender and job category, Page 58 |
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People: |
Dignity and |
• Zero cases of discrimination and harassment across operations. • Zero monterary losses as a result of legal proceedings associated with law violations and employment discrimination. |
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People: |
Dignity and |
• A safe and committed team. Labour relations, Page 62 • Using our Best Labour Practices program, we monitor 100% of our suppliers, including careful supervision of respect for freedom of association and collective bargaining, to confirm these rights are protected. |
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People: |
Dignity and |
Not implemented |
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People: |
Dignity and |
Zero (0) type of grievances reported, and number of severe impacts occurring that were related to a salient human rights issue. |
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People: |
Health and |
Not implemented |
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People: |
Health and Well-being - |
A safe and committed team. We offer safe and healthy work environments. Our occupational health programs • Promoting safe behaviour Page 63 • FOCUS program, Page 64 • Hazardous energy program, Page 64 • Job hazards, Page 64 • Road safety program, Page 64 |
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People: |
Skills for the |
A safe and committed team. Human resources management and culture. Colombia. We strengthen local talent, Page 56 |
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People: |
Skills for the |
Not implemented |
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Prosperity: |
Employment and wealth generation |
• A safe and committed team. Employability indicators. Employee voluntary turnover by age and gender, Page 55 • A safe and committed team. Employability indicators. Employee turnover rate, Page 55 • A safe and committed team. Employability indicators. Colombia. New employee hires by age, and gender, Page 55 |
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Prosperity: |
Economic contribution |
• Key indicators. Direct economic value generated and distributed, Page 12 • Canacol does not received any financial assistance from the government. |
|
Prosperity: |
Financial investment contribution |
• Canacol Energy. We quickly adapted, Pages 15-19 • Capex 2020: 84 (millions of dollars) |
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Prosperity: |
Total tax paid |
Canacol Energy. Tax strategy, Page 17 |
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Prosperity: |
Infrastructure investments and services supported |
• A society guided by sustainable development. Social investment programs in Colombia, Pages 70-73 • A society guided by sustainable development. Entretejiendo Foundation, Pages 73-75 |
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Prosperity: |
Total Social Investment ($) |
• A society guided by sustainable development. Our contributions in numbers, Page 72 • Total Social Investment: 5.11 (millions of dollars) |
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Prosperity: |
Additional tax remitted |
Canacol Energy. Tax strategy, Page 17 |
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Prosperity: |
Total tax paid by country for significant locations |
Canacol Energy. Tax strategy, Page 17 |