Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Health, Safety and Environmental (HSE)

Environmental Achievements

• All local and national environmental regulations are observed in the countries in which the Group operates and the Company has agreed to follow the International Finance Corporation’s performance standards.

Social Achievements

• President has an HSE policy through which the Company is committed to maintaining high standards of health, safety and environmental performance across all its oil and gas exploration operations. President is committed to the goals of: avoiding harm to all personnel involved in, or affected by, its operations; minimising the impact of its operations on the environment; complying with all the applicable legal and other requirements where it operates; and having a positive impact on people or communities directly affected by its activities and achieving continual improvement in its HSE performance

Governance Achievements

• The Board is committed to compliance with the provisions of the Bribery Act 2010, and has adopted a formal policy statement which is reviewed annually.
• The Board is committed to compliance with the Market Abuse Regulation which came in to being during 2016, and has adopted formal policies and procedures during the year which will be reviewed annually.
• The Board is committed to recognising personal freedom as a fundamental human right. The UK Modern Slavery Act was brought into law in 2015 and President Energy fully supports the principles it promotes and the personal rights and freedoms it protects. We have zero tolerance for any form of slavery or any practices that could constitute or be perceived as slavery, whether they be in our own business or those of our suppliers, partners or consultants.

Climate Goals & Targets

Environmental Challenges

• Unsuccessful drilling (mitigated by geological analysis prior to significant expenditure); Environmental objections causing well shut-in; Technical failure of plant causing significant downtime; Production performance not in line with initial expectations (mitigated by managing responsibilities as operator and working closely with partners); Oil price and geopolitical risk; Potential risk of acquisitions failing to meet value criteria (mitigated by experienced management team); Turbulent economic environment in Argentina with high inflation and devaluation of the Argentine Peso (mitigated by US dollar-driven business and active treasury management).

Mitigation Strategies

• Geological analysis prior to significant expenditure
• Managing responsibilities as operator and working closely with partners
• Experienced management team for acquisitions
• US dollar-driven business and active treasury management in Argentina

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Finance Corporation’s performance standards