Our Approach

Our purpose is to improve the quality of life of millions of people through the exploration, production, and supply of conventional natural gas through socially and environmentally responsible operations managed in a conscious and transparent manner. 

In a constantly changing world, we firmly believe in the critical role of natural gas in the energy transition and we fully support the global plans to meet the goals of the Paris Agreement. Specifically, in Colombia, we are committed to contributing to the reduction of 20% of emissions by 20501. As leaders in the production of the cleanest-burning hydrocarbon, we are committed to supplying the increasing energy demand while reducing CO2 emissions, improving air quality, and developing conditions for the growth and development of the countries where we operate, over the next 30 years or more. 

At Canacol, we focus our efforts on continuous and transparent community engagement, which guarantees the implementation of social investment projects that can improve the people’s lives in neighboring communities by increasing access to water, natural gas, and education, enhancing public and community infrastructure, and supporting local productive and business development programs. We aim to develop strong relations with these communities based on a mutual benefit, balancing their needs with our corporate strategies. 

All of our actions are carried out in response and to the benefit of our stakeholders, are framed in our Environmental, Social, and Governance strategy, and are based on our corporate values and objectives. Intending to become a leading company in sustainability, continuous improvement has become a fundamental axis within Canacol. Therefore, we have decided to create a comprehensive model focused on implementing and leading best practices in corporate sustainability affairs at a global level. 

Our strategy is aligned with the highest international standards such as the Global Reporting Initiative, the Principles for Responsible Investment, the Carbon Disclosure Project, the Dow Jones Sustainability Index, the Principles of the Global Compact, the Sustainable Development Goals, the IFC Performance Standards, and the World Bank Group Environmental, Health and Safety Guidelines, among others.  With the aim of being aligned with the expectations of our stakeholders, we are constantly searching for the best practices applicable to our business. 

We recognize that sustainability is an essential path for generating value for all our stakeholders, our primary objective, so day-to-day we are firmly moving forward to consolidate it as our superior purpose. 

1) Source: UPME Plan Energético Nacional, February 2020.