Canacol Energy remains committed to advancing the promotion, protection, and respect for human rights. We know that as a company we play an important role in fostering a proactive culture of best practices concerning human rights. This commitment has allowed us to achieve excellent results in this area.
Within the framework of our commitment, Canacol continues to promote respect for human rights among the contractors, local communities, and other stakeholders. This is done to ensure that they are aware of and adhere to these principles.
As agents of change, we have been able to identify risks and opportunities associated with our operations through a due diligence process. This approach enables us to prevent possible human rights violations and establish mitigation measures if they occur.
We reiterate our commitment to this task and invite our Canacol Energy Family to embrace our diversity. Let us dedicate our efforts to further enhancing the culture of education and respect for human rights within the company."
CEO – Chief Executive Officer
Canacol Energy has a Human Rights Policy approved by the highest management level of the company. This policy reflects Canacol's commitment to the respect, protection, and promotion of human rights. It is applicable and disseminated to all employees, contractors, partners, and suppliers who are associated with the Company. The objective is to extend our principles within the scope of their projects, Operations, and activities.
Canacol firmly rejects any form of (i) human trafficking; (ii) forced labor; (iii) child labor; and (iv) discrimination.
The Company also upholds and advances (i) freedom of association; (ii) equal pay; and (iii) protection of special groups, including women, children, adolescents, individuals with disabilities, ethnic communities, and migrant workers, among others.
For further information, please refer to the following Human Rights Policy
Canacol enforces its procedures and policies in human rights, adhering to the United Nations Guiding Principles on Business and Human Rights, the principles of the United Nations Global Compact, and the Voluntary Principles on Security and Human Rights.
Canacol also takes its direction from the principles and rights enshrined in several crucial international documents. These include the Universal Declaration of Human Rights, the International Covenants on Civil and Political Rights, as well as on Economic, Social and Cultural Rights, the eight conventions of the International Labor Organization (ILO), the Declaration of the ILO on Fundamental Principles and Rights at Work, the United Nations Declaration on the Rights of Indigenous Peoples, the Convention on the Elimination of All Forms of Discrimination against Women, the Convention on the Rights of the Child, the ILO Convention 169 on Indigenous and Tribal Peoples and other principles and rights established in the domestic laws of the countries where the Company operates.
At Canacol we have developed a comprehensive approach to Human Rights through a series of key documents and processes. First, the Human Rights Policy sets forth the fundamental principles that govern the integration of Human Rights into all aspects of the Company’s operations, in alignment with various international standards and declarations.
Second, the Human Rights Manual provides clear guidelines for managing and promoting Human Rights, encompassing both the respect for individuals’ rights within the Company’s operations and the promotion of best practices in Human Rights.
Third, Due Diligence in Human Rights process outlines guidelines for identifying, avoiding, and resolving potential or actual risks related to Human Rights.
Finally, the Human Rights Guide delineates the roles, responsibilities, and procedures necessary for the implementation of Human Rights within the Company.
Together, these documents and processes form a robust framework for Canacol’s commitment to Human Rights.
Outline for Canacol’s Human Rights Procedures:
Expanding upon the framework for the integration of Human Rights within Canacol, the company has also established the following procedures:
Collectively, these procedures constitute a robust and comprehensive framework through which Canacol demonstrates its unwavering commitment to the integration of Human Rights and responsible management.
Canacol Energy presents an annual Human Rights Management Report, summarizing the key actions and efforts undertaken during the preceding year.
This report encapsulates the Company's commitment expressed through its programs dedicated to the promotion and respect of Human Rights. These programs are primarily focused on: i) enhancing due diligence; (ii) cultivating a culture of education and respect for human rights; and iii) guaranteeing the complete adherence to human rights by our employees, contractors, and stakeholders.
For a deeper insight into our Human Rights management efforts, please refer to the Human Rights Management Report.
In accordance with the United Nations Guiding Principles on Business and Human Rights, companies are required to institute a process of Human Rights Due Diligence. This process aims to identify, mitigate, and address the adverse impacts of their activities on Human Rights. The due diligence process consists of five components:
At Canacol we have established a Due Diligence process based on an assessment of Human Rights risks and opportunities. This process is designed to identify gaps and assess the impacts concerning the implementation of the Company's procedures and policies.
In this context, Canacol periodically conducts a detailed evaluation of each of the five components related to Human Rights Due Diligence. The aim is to offer recommendations that bolster the identification of risks and opportunities as well as the assessment of potential and existing impacts. These insights are then incorporated into the Company's integrated management system.
At Canacol, we recognize the importance of incorporating human rights mitigation and remediation plans, especially in instances where there is a negative impact on the human rights of our stakeholders. The above, is aimed at facilitating the implementation of effective reparation mechanisms in cases of Human Rights violations affecting individuals or groups.
To this end, we have developed a Human Rights Remediation Procedure. This procedure establishes guidelines, plans and methodologies for remediation. It encompasses various alternatives that are contingent on the extent of impact, the level of realization, and the nature of the risk.
At Canacol, there have been no violations of Human Rights since the inception of the company. Therefore, to date it has not been necessary to apply the Human Rights Remediation Procedure.
For further information of our mitigation and remediation process, please refer to the Human Rights Policy.