The year 2019 was one of significant progress for Canacol, of which we are very proud. We advanced in realizing our ambition, which is to improve the quality of life of millions of Colombians through natural gas exploration, production, and distribution. We surpassed major milestones in gas sales, operational capacity, and financial strength while consolidating our position as the largest independent natural gas producer in Colombia.
At Canacol, we firmly believe that Colombia’s successful growth and development requires an abundant supply of economical and clean energy, environmental stewardship for current and future generations, and development projects that benefit all stakeholders. Thus, our three strategic areas of focus are: 1) Financial Strength, Stability, and Discipline, 2) Asset Management, and 3) Sustainability.
Message from Our President
A Cleaner Energy Future
Community Engagement and Indigenous peoples
Our People
Safe Operations
Corporate Governance: Performance Catalyst
A Cleaner Energy Future
We have established emission baselines for gases, liquids, solids, and noise within our operations. Each baseline category has a corresponding action plan and budget to significantly reduce emissions in the short and medium terms.
Community Engagement and Indigenous peoples
Between 2017 and 2019, the Company contracted local and regional goods and services for US$ 58.3 million and held multiple workshops to help local contractors improve their business skills and increase their customer bases.
Canacol’s social support of its neighboring communities extends well beyond commercial. A major portion of these investments target Indigenous communities that have historically lacked access to development resources, and we are proud to contribute to closing this gap.
Our People
In the industry, Canacol is a leader in both gender equality and diversity. Canacol’s 46.4% female participation rate nearly doubles the industry average of 24%. We are proud that 28.8% of female employees fulfill leadership roles in management or key technical skill areas.
Safe Operations
Our Occupational Health and Safety Management System is certified by the international standards OHSAS 18001.
Corporate Governance: Performance Catalyst
Our goal is to become a sustainability and ESG benchmark, and we are focused on realizing this. Thus, this annual report includes not only the GRI methodology, but also methodologies for the Principles for Responsible Investment, the Carbon Disclosure Project, the Dow Jones Sustainability Index, the Principles of the Global Compact, and the Sustainable Development Goals.