Sustainability

The Company has established as a priority, in addition to good environmental practices and caring for people, the management of its operations in a sustainable manner, being responsible with neighboring communities and seeking operational efficiency among its main values.

Comprehensive approach

In our operations, the adoption of the best possible operating practices is promoted and required, as well as the efficient management of impacts to guarantee not only the prosperity of the activity, but mainly the possibility that future generations can continue it.

Sustainability agenda

A new corporate area was created specifically designed to carry out in an organic and coordinated way all the Sustainability actions that the Company had already been developing. For this, it assigned human and economic resources with the objective of developing the Strategic Sustainability Plan that include all the actions related to the mitigation of climate change and the energy transition.

The identification of our stakeholders was updated, and a materiality survey of both internal and external parties was carried out in order to understand which economic, environmental and social topics are relevant to the Company's stakeholders, and their assessment scale. For this, the relevance for the company (risks and opportunities), the assessment of the Stakeholders, the relevant topics for the industry and the sectoral requirements of the GRI standards were considered.
Based on these standards, the Company will prepare its Sustainability Reports and its baseline for all its operations.

Parque reforestado en el área Agua del Cajón

Before

Parque reforestado en el área Agua del Cajón

After

Lines of action

Some of the lines the Group has implemented, as well as some of the lines in which it is working are:

Gasification

  • Vertical integration of operations, capitalizing all the added value of gas and derivatives until its transformation into combined cycle electricity.
  • Significant percentage of self-generation, using the gases produced in the reservoir and significantly reducing the consumption of external energy sources.

Energy efficiency and reduction of greenhouse gases

  • Injection of water in burners to lower the level of NOx emitted by the Thermal Power Plant.
  • Injection of polymers (tertiary recovery) that reduces by more than 3 times the need for water (which is injected and produced) per m3 of oil produced and the associated energy consumption.
  • Treatment and reduction of waste from the activity and research applied to improvements in extractive systems.
  • Installation of wind farms as of 2012 and the Pilot Plant for production of Hydrogen by water electrolysis, underground storage of hydrogen, studies for pilot production of green methane.

Value chain

  • Support and joint development of projects with suppliers, entrepreneurs, innovators, universities and CONICET, to promote innovation and technology transfer in our country.
  • Development of local suppliers.

Communities

  • Relationship and support to local communities, centers for people's care, local influencers in the areas where the assets are located.
  • Support to NGOs and foundations dedicated to children in their approach against malnutrition, health promotion, sports, and education.
  • Educational visits to the wind farms and hydrogen plant that include students, professionals, national and international public authorities with the aim of promoting clean energy.