Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced scope 1 and 2 GHG emissions intensity by 25%, from 24 kgCO2e/boe to 18 kgCO2e/boe.
• Signed a renewable power purchase agreement to supply 20% of the Company's electricity needs in 2023, with plans to gradually increase.

Social Achievements

• Recorded Total Recordable Incidents Rate (TRIR) < 1 for the third consecutive year.
• Made progress in gender initiatives through hiring and development of female talent, new policies, and awareness workshops.
• Set up a Social Management System (externally audited and following IFC standards).

Governance Achievements

• Strengthened governance by issuing policies related to business ethics and increasing staff training hours.
• Implemented a public grievance mechanism procedure and added a community and stakeholder feedback link to Vista's website.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity, Equity, and Inclusion
• Governance
• Community Engagement
• Safety
• Human Rights
• Supply Chain Sustainability

Environmental Achievements

• Reduced absolute scope 1 and 2 GHG emissions by 13% year-over-year.
• Reduced GHG emissions intensity by 14% year-over-year.
• Connected fields to the national grid and purchased electricity from a renewable energy provider, powering a drilling rig and gas compressor.
• Finalized planting 2.3 million trees in Rolon Cue and initiated soil preparation in Villa Zenaida.
• Initiated works in forest conservation project in Chaguaral and made progress in regenerative agriculture and livestock projects.
• Reduced fresh water consumption by 41%.

Social Achievements

• Launched employee wellbeing program (MOVE).
• Conducted social baseline surveys in local communities.
• Initiated due diligence process in human rights.
• Increased female representation in total workforce by 2 percentage points year-over-year to 24%.
• Increased local procurement expenditure by 24% year-over-year.
• Voluntarily contributed $980 million to communities in Argentina and Mexico.

Governance Achievements

• Updated Code of Ethics and Conduct.
• Adopted a policy for the recovery of erroneously awarded compensation.
• Achieved a 3.65 cybersecurity NIST level.
• Completed due diligence process in human rights.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on operations and supply chains.
• Maintaining a strong safety record.
• Balancing production growth with environmental sustainability.
• Managing community relations and stakeholder expectations.
• Cybersecurity threats.

Mitigation Strategies

• Implementing a net-zero emissions plan by 2026 (scope 1 and 2).
• Investing in carbon abatement projects.
• Strengthening safety management systems and training programs.
• Proactive community engagement and social investment.
• Investing in advanced threat detection and automated response systems.

Supply Chain Management

Supplier Audits: 31 audits in 2023

Responsible Procurement

• Code of Ethics and Conduct
• Procurement Policy
• Human rights watch clause in contracts
• Focus on local and sustainable procurement

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Forest fires
• Earthquakes

Transition Risks

• Regulatory changes
• Market shifts
• Changes in demand for oil and gas

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy

Reporting Standards

Frameworks Used: GRI Standards GRI 1: Foundation 2021 and GRI 11: Oil and Gas Sector 2021, SASB, TCFD

Third-party Assurance: Limited assurance by EY Argentina Sustainability team

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Vista's initiatives contribute to these goals through emissions reduction, renewable energy adoption, and nature-based solutions.