Marco
SUSTAINABILITY
We contribute to the world’s sustainability by providing reliable, affordable and lower-carbon oil and gas.






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Environmental and Climate
Change
Management
We aspire to become net zero in scope 1 and 2 GHG emissions in 2026.

• Our priority is to continue reducing our operational carbon footprint by implementing technologies currently available to us.
• We forecast to reduce scope 1 & 2 emissions intensity to 7 kgCO2e/boe by 2026, a 82% decrease compared to 2020.
• In 2023 we recorded a 13% y-o-y reduction of GHG emissions intensity to 15.6 kgCO2e/boe (scope 1 and 2).
• In 2022, we set up Aike, our Nature Based Solutions (NBS) venture, which designs, manages and executes carbon capture projects, staffed with leading local experts, to offset our remaining carbon emissions.
• Aike is currently executing 9 NBS projects for Vista in Argentina, spanning over 26,000 hectares, across 4 provinces.


Signatory to the United Nations Global Compact
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.

Get to know our adherenceArrow
United Nations Sustainable Development Goals
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.
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ESG MATERIAL ASPECTS
Materiality assessment
We listed the most common ESG issues related to the hydrocarbon industry and consulted with certain stakeholders. Based on their responses, we identified 14 issues that are relevant to Vista’s operation in a global business scenario.

Material Issues
According to our stakeholders, the following are the most relevant material issues related to our operations:
Environmental and climate change management
Social engagement
Safety management
Diversity
Corporate Governance

For a complete description of our material issues please visit our material issues please visit our

2022 Sustainability ReportArrow
Social Engagement
We contribute to strengthen our communities with projects in five areas: Education, Entrepreneurship, Institutional strength, Inclusion & values in sports and health, and Infrastructure.

During 2022, Vista voluntarily contributed a total of 736 $M to communities in both Mexico and Argentina. Additionally, we made contributions in kind for a total of 926 $M.
Vista volunteers encouraged teacher training and student enrolment (especially women) in Science, Technology, Engineering and Maths careers by organizing motivational sessions in high schools in Argentina.
Vista employees donated books to the communities in Mexico.
We provided training sessions to local entrepreneurs with the aim of incorporating them to the oil and gas value chain.
Completed the Social Node project to digitize social services, facilitating access to social aid and traceability of social assistance and equal opportunities.
Supported the “Alentando el Deporte” (Cheering for Sports) challenge, granting sponsorship to national championships.
In Mexico, our employees celebrated Children’s Day, New Year’s eve and Music Day with neighboring communities.
Donated resources for road repairs to neighboring Mexican communities.

Community feedback

Safety Management
We take safety as a critical pillar of our business development.

We made solid progress since we took over the operation of our assets in early 2018. We created a high-performance safety culture among our employees and contractors through the implementation of a corporate Operating Management System in line with IOGP/IPIECA guidelines.

We have implemented robust safety programs (such as the Life Saving Rules), improved reporting capabilities, and established strategic partnerships with our main contractors (One-Team), sharing the same vision, project objectives and performance incentives.

• We had 0 fataltities between 2019 and 2023.
• In 2023 we recorded a total incident rate recordable (TRIR) of 0.2, below 1 for the fourth consecutive year.

DIVERSITY MANAGEMENT
We believe diversity, equity and inclusion are a fundamental part of our identity, our culture and our business strategy.

In 2022, we further strengthened the execution of our gender program, leveraging on our three strategic workstreams.

Leadership commitment with DEI
Our Executive Team sponsors key initiatives and has direct oversight of our DEI plan.
All DEI projects and initiatives are executed by the DEI Team, composed of colleagues of different locations, professional roles and backgrounds.


HR plan to attract, develop and retain diverse and inclusive talent.
In 2022, 45% of new hires were women, increasing female percentage in our workforce by 2pp to 22%.
We organized a workshop with female mentors and mentees and invited participants of the 2021 Mentoring Program.
We approved a policy that extends paid maternity and paternity leave periods, and established three soft-landing schemes for mothers of new-born children. We give equal benefits to adopting parents.


Implementation of policies and awareness programs.
During 2022 we approved four DEI-related policies: “Diversity, Equity and Inclusion Policy”, “Open Doors Policy”, “Workplace Harassment Prevention Policy”, and “Human Rights Policy”.
In order to promote DEI awareness and gather feedback, we held seven DEI workshops, with attendance of over 70% of our employees. Unconscious biases, privileges and inequalities, prevention of violence and harassment in the workspace, were some of the topics addressed by the speakers.
Corporate Governance
Vista is committed to implementing sound, transparent corporate governance principles that strengthen confidence and trust with our stakeholders.

Board of Directors
Our Board of Directors is composed entirely of world class professionals.

• 83% of our Board members are independent.
• 100% of Board committee seats occupied by independent board members.
• Our Corporate Practices Committee oversees our Corporate Risk Management process to ensure we achieve our long-term strategic goals.

2022 PROGRESS
• Strengthened governance by issuing Diversity, Equity and Inclusion, Business Integrity and Human Rights policies.
• We continue enhancing transparency in ESG reporting. Our 2022 Sustainability Report has been externally verified and incorporates TCFD recommendations.
• We recorded zero cybersecurity-related major incidents and increased cybersecurity share in total IT budget from less than 1% in 2019 to 13% in 2022.
• We increased ethics and compliance training time from 3.3 hours per employee in 2021 to 4.7 hours per employee in 2022.
• 100% of our employees have a short-term incentive with a 25% component linked to ESG goals.
Whistleblower Channel
Through BDO, an international auditing and consulting firm, Vista makes available three channels that any person with direct (employees, directors or shareholders) or indirect (suppliers, contractors, consultants, advisors, or any other third party) relationship with the Vista may use to report a suspicion of breach of our Code of Ethics and Conduct.

THE CHANNELS ARE
Argentina

Toll Free Line: 0800-34-LÍNEA (54632)



Mexico

Toll Free Line: +(52) 55-4166-0170