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SUSTAINABILITY

We published
our 2021 Sustainability Report

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We contribute to the world’s sustainability by providing reliable, affordable and low carbon energy.

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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 GHG emissions to 265 MTon CO2e by 2026, a 35% decrease compared to 2020.
• We forecast to reduce scope 1 & 2 emissions intensity to 9 kgCO2e/boe by 2026, a 75% decrease compared to 2020.
• In 2021 we recorded a 39% y-o-y reduction of GHG emissions intensity to 24.1 kgCO2e/boe (scope 1 and 2).
• In 2022, we plan to launch our own portfolio of Nature Based Solutions (NBS) to remove CO2 from the atmosphere, with the implementation of forest and soil carbon sequestration projects.


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 implement these principles, incorporating them as part of Vista’s business strategy, culture and day-to-day operations.

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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.

In pursuing this purpose, 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

2021 Sustainability ReportArrow
Social Engagement
We contributed to community strengthening with projects in four pillars: Health and sports, Education, Local development, and Institutional strengthening and capacity development.
Contributed 50% of an 8km bicycle lane in Catriel, Río Negro (alliance: Laureus Foundation/Municipality). The bicycle lane will positively impact the link to existing city transport infrastructure.
Sponsored local female table-tennis player, as part of our Sports and Inclusion Project in Catriel (enabler: Laureus Foundation).
Assigned company premises for sports activities for +300 children in Catriel.
Assigned company premises in Catriel to be used as a Covid-19 vaccination center.
Our employees provided +240 hours of teaching support to students in high schools from 6 provinces in alliance with the NGO Enseña x Argentina, an organization that aims to improve the quality of education in communities from vulnerable socio-economic backgrounds.
Local innovator contest program in alliance with Fundación de Estudios Patagónicos (FEP) in Catriel.
Vista sponsored the 2021 innovation program in alliance with Local Innovation Network (RIL) and Catriel Municipality. The program involved over 6,000 citizens of Catriel and San Patricio del Chañar.
Safety Management
We take safety as a critical pillar of our business development.

We made solid progress in the first four years 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 (OMS) 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 fatalities in 2019, 2020 and 2021.
• In 2021 we recorded a total incident rate recordable (TRIR) of 0.29, 24% lower than 2020.

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

In 2021, we further strengthened the execution of our gender program, leveraging on our three strategic workstreams.

Leadership commitment and strategic definitions
Incorporated the figure of “DEI ambassador”, top management staff promoting DEI advocacy across the organization.
Reinforced leadership commitment to our DEI program. Approved 2021 gender initiatives and identified other types of diversities to incorporate into the 2022 plan.


HR plan to attract, retain and develop diverse and inclusive talent.
60% of new hires were women, exceeding annual target and increasing female percentage in workforce to 20%.
Initiated a mentoring program, targeting top female talent and focusing on developing skills that will encourage equal career opportunities at Vista.
Started execution of responsible parenting and soft landing program. We provide our female workers an additional 30 days maternity leave and soft landing upon return to work. A 100% return-to-work rate was recorded in 2021.


Implementation of policies and awareness programs.
Published three gender-based policies related to our Code of Ethics and Conduct and our HR policy: “Diversity, equity and inclusion”; “Prevention of violence, harassment and discrimination in the workplace”and “Responsible parenting”.
In order to promote DEI awareness and gather feedback to improve on our plan, we held seven workshops with over 50% of the employees attending and actively contributing to the sessions. 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.

• 67% of our Board members are independent.
• Our Corporate Practices Committee oversees our Corporate Risk Management process to ensure we achieve our long-term strategic goals.

2021 PROGRESS
• Strengthened governance by issuing Diversity, Equity and Inclusion, Business Integrity and Human Rights policies.
• We continue enhancing transparency in ESG reporting. Our 2021 report has been externally verified and incorporates TCFD recommendations.
• Increased cybersecurity share in total IT budget from less than 1% in 2019 to an estimate of 12% in 2022.
• +1,300 training hours on ethics and conduct, conflict of interest and human rights awareness.
• 100% of our employees have a short-term incentive compensation that includes sustainability goals.
Whistleblower Channel
Through the BDO Argentina company, an international auditing and consulting firm, Vista makes available five channels that any person with a direct (employees, directors or shareholders) or indirect relationship (suppliers, contractors, consultants, advisors, or any other third party) with the company may use to report a suspicion of breach of Vista’s Ethics and Conduct Code.

THE CHANNELS ARE
Argentina

Toll Free Line: 0800-34-LÍNEA (54632)
Mail: Línea Ética VISTA | Rondeau 2664, PB – C1262ABH Buenos Aires, Argentina.
Personal Interview: At BDO Argentina premises in the City of Buenos Aires. Interviews shall be arranged through the website or e-mail channels.



Mexico

Toll Free Line: +(52) 55-4166-0170
Mail: Línea Ética VISTA | Lago Alberto 442, Torre A, piso 4, Anáhuac I Secc. 11320, Ciudad de México.
Personal Interview: To take place at the offices of BDO Mexico, in Mexico City. Interviews shall be arranged through the website or e-mail channels.