We manage territories with a preventive approach

(102-11) Our proposal for operational feasibility is based on the early management of real or potential impacts that the operation may have on our neighbors’ lives and nature. Through a participatory exercise and analysis with different areas of our Company, we therefore identify the main risks and impacts we will face in the execution of our operational projects.

In materializing our value proposition in territorial management with a preventive approach, we also integrate the results of evaluations of the impact of our management, monitoring the plans made and constantly communicating them to our stakeholders.

(103-3) In 2020 we continued to implement our value commitment with the early territorial management strategy, creating sustainable conditions and a balance between our operations -or future operational projects- and community dynamics.

Some of the main components of this pillar of the Comprehensive Management of the Social Environment are highlighted below:

GeoPark has designed a tool for Social Environment Risk Analysis that allows the identification and quantitative weighting of situations that could potentially impact neighbors and nature, as well as for developing different operations. This exercise allowed us to:

Identify each project’s associated risks and possible impacts.

Assess the probability of occurrence and impact on the project.

Determine how critical risks are and their impact on the different principal variables of environment, social environment and human rights.

Define specific action plans to minimize potential impacts.

We implement the good practice of risk analysis permanently and rigorously, with the participation of the whole organization. In 2020 we held 18 social environment risk analysis processes, of which 17 were in Colombia and one was in Ecuador.