MEXICO CITY, April 27, 2021 /PRNewswire/ -- Vista Oil
& Gas, S.A.B. de C.V. ("Vista" or the "Company") (NYSE: VIST;
BMV: VISTA) today announced the publication of its inaugural 2020
Sustainability Report, underscoring the Company's commitment to
embed Environmental, Social and Governance ("ESG") practices within
its business strategy to create value in the present while building
a better future for generations to come.
In his letter to stakeholders published today, which presented
the first Vista Oil & Gas Sustainability Report, Mr. Miguel
Galuccio, Chairman of the Board and CEO, commented: "As we
celebrate our third anniversary, I am pleased to introduce Vista's
inaugural 2020 Sustainability Report to our stakeholder groups. I
am proud of how much we have achieved in such a short period. It is
now time to set the bar high in terms of sustainability ambitions
and show our progress on Environmental, Social and Governance (ESG)
matters."
"Climate change has definitely become the salient ESG topic
across all industries. As an oil & gas company, we endeavor to
take a leading role in the energy transition, aiming to become a
reliable low cost and low carbon energy company. In 2020, we
accomplished a key milestone by determining our reference baseline
for greenhouse gas (GHG) emissions. Based on this data, we will set
corporate reduction goals and design an action plan to reduce
greenhouse emissions in our operations to be presented in our next
sustainability report", noted Mr. Galuccio.
"We consider sustainability to be vital to our business
strategy. I am confident that we have the people, processes and
commitment in place to help solve the complex energy and
environmental challenges of today and tomorrow," concluded Mr.
Galuccio.
Vista's sustainability strategy is led by the Executive Team,
with oversight from the Company's majority independent Board of
Directors through its Corporate Practices Committee. In addition,
100% of employees receive short-term incentive compensation that
takes into account Company ESG goals.
The report is aligned with the expectations and guidelines set
forth by the Global Reporting Initiative (GRI) and the
Sustainability Accounting Standards Board (SASB). The Company
relies on GRI as the primary disclosure standard for comprehensive
coverage of ESG factors and SASB for industry specific ESG topics
most relevant to its financial performance and long-term value
creation. In 2020, Vista became a signatory to the UN Global
Compact at a participant level in 2020 and committed to upholding
and promoting the principles of the Global Compact within its
spheres of influence.
The report is aligned with the expectations and guidelines set
forth by the Global Reporting Initiative (GRI) and the
Sustainability Accounting Standards Board (SASB). The Company
relies on GRI as the primary disclosure standard for comprehensive
coverage of ESG factors and SASB for industry specific ESG topics
most relevant to its financial performance and long-term value
creation. In 2020, Vista became a signatory to the UN Global
Compact at a participant level in 2020 and committed to upholding
and promoting the principles of the Global Compact within its
spheres of influence.
Additionally, in 2020, Vista confirmed its support of the Ten
Principles of the United Nations Global Compact on human rights,
labor, environment, and anti-corruption, and committed to upholding
and promoting the principles of the Global Compact within its
spheres of influence.
Vista has also identified 8 of the 17 UN Sustainable Development
Goals (SDGs) by 2030 that are closely aligned with the relevant
aspects of its business and through which it can exert the greatest
impact. These include: #3 Good Health and Well-Being, #5 Gender
Equality, #7 Affordable and Clean Energy, #8 Decent Work and
Economic Growth, #12 Responsible Consumption and Production, #13
Climate Action, #15 Life on Land, and #16 Peace, Justice and Strong
Institutions.
As the Company progresses in its sustainability reporting
efforts, it will continue aligning its reporting framework, as well
as its initiatives, with best practices and in accordance with
international reporting standards.
Please visit the Company's webpage at
http://www.vistaoilandgas.com/SustainabilityReport_2020.pdf to
download the 2020 Sustainability Report.
For further information please contact the IR team:
Investor Relations
ir@vistaoilandgas.com
Argentina: +54 (11) 3754 8500
Mexico: +52 (55) 4166 9000
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SOURCE Vista Oil & Gas, S.A.B. de C.V.