We are committed to responsible energy production, based on operational excellence, efficiency, and emissions reduction. Sustainability is embedded in the way we operate, grow, and create shared value across our value chain and in the communities where we are present.
Committed to responsible energy production.
Cultivating a safe working environment.
Building respectful and collaborative relationships.
Driving employee and organizational growth.
Upholding integrity and transparency.
Access to our sustainability metrics.
The table outlines how material sustainability topics, including those linked to UN Sustainable Development Goals, align with our ESG strategic focus and our progress in 2024.
Vista’s ESG Framework
Key initiatives executed in 2024
ESG priorities and targets
UN SDG alignment
GHG emissions reduction
-44% y-o-y scope 1 and 2 GHG emissions intensity reduction, to 8.8 kgCO2e/boe
Reduce scope 1 and 2 GHG emissions intensity to 7 kgCO2e/boe by 2026.
Achieve zero routine flaring by 2030.
Nature-based carbon projects
13 Nature based solutions projects in progress across 43,000 hectares
Generate enough carbon credits to match the size of our residual carbon footprint by 2026.
Energy, water, waste and biodiversity management
-30% y-o-y energy consumption intensity reduction
59% renewable energy share in our energy matrix
ZERO significant oil spill incidents
Reduce energy intensity and incorporate renewable energy into our energy matrix.
Optimize water use and waste management. Prevent oil spills and air pollution.
Monitor and preserve biodiversity.
People
24% female representation in our workforce, 9 p.p. above Argentina’s E&P industry average.
Execute projects to improve Diversity, Equity and Inclusion in the workplace.
Health and safety management
0.59 TRIR consolidated safety indicator below 1.0 for the fifth consecutive year.
Safety first.
Communities and stakeholders engagement
2.5 $MM in voluntary social investment.
Collaboration and engagement with the communities where we operate and live.
Customer and supplier engagement
79% y-o-y increase in local procurement expenditure, and 5% y-o-y increase in local suppliers.
Develop local supply chain. Hire locally and foster balanced regional development.
Governance Structure & oversight
83% of Board members are independent.
Foster compliance and strengthen oversight.
Compliance of Code & values
ZERO corruption and discrimination incidents registered.
Enhance ethical conduct guidelines and anti-corruption processes. Safeguard human rights.
Financial and operational risks
ZERO critical cybersecurity incidents recorded. Achieved a 3.6 cybersecurity NIST* level.
Manage financial, operational and physical risk. Sustain NIST cybersecurity level above 3.5.
Transparent reporting
COMPLETED external assurance of this report on 13 selected indicators.
Advocate ESG accountability and transparent reporting.
In August 2020 we officially joined the United Nations Global Compact program supporting the Ten Principles in the areas of Human Rights, Labor, Environment and Anti-corruption. By doing so we committed to implementing these principles, incorporating them as part of Vista’s business strategy, culture and day-to-day operations.
In 2015 the United Nations General Assembly adopted 17 Sustainable Development Goals (SDGs) that set the global agenda for equitable, socially inclusive and environmentally sustainable economic development to achieve worldwide prosperity by 2030. We have identified the goals on which we can have the greatest impact, upheld by initiatives to achieve short-term targets as well as forward-looking sustainable development programs.
We conduct a materiality assessment to identify the most relevant ESG topics for Vista in the hydrocarbon industry. This includes mapping key sector topics and engaging stakeholders.
Based on their input, we defined 12 material topics, now integrated into Vista’s ESG Framework and linked to our performance, targets, and contribution to the UN SDGs.
GHG emissions reduction
Nature-based carbon contributions
Energy, water, waste, spills and biodiversity protection
Innovation
People
Health and safety management
Communities and stakeholders engagement
Customer and supplier engagement
Structure and Oversight
Compliance of Code & values
Operational and Financial risks
Transparent reporting
We believe in a different way of producing energy, where people lead, teamwork is the driving force, and the pursuit of results never stops.
