VAALCO Environmental, Social, and Governance Report for 2021 is Available

Source: www.gulfoilandgas.com 6/9/2022, Location: North America

VAALCO Energy, Inc. announced that it has issued its 2021 Environmental, Social and Governance (“ESG”) report, which is now available on VAALCO’s web site, www.vaalco.com, under the “Sustainability” tab.

The report covers VAALCO’s ESG initiatives and related key performance indicators for the three-year period 2019 through 2021. In the preparation of the qualitative and quantitative information and data, the Company continued to consult the Sustainability Accounting Standards Board’s (“SASB”) Oil and Gas Exploration and Production Sustainability Accounting Standard, and this year took a more meaningful dive into the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”).

Commenting on its release, Chief Executive Officer George Maxwell said, “We continue to place great emphasis on capturing, monitoring, analyzing and ultimately presenting our ESG performance with our stakeholders. I am pleased to present VAALCO’s 2021 Annual ESG Report.

“In what has been a busy year for the team, the continued progress that we are making across all aspects of our operating and social performance is very positive.

“Importantly, as we grow and in step with our commitment to defining a clear emissions reduction strategy, we continue to acquire new competencies into our team. The appointment of an ESG Process Engineer, who has extensive oil and gas experience, will enable the Company to take a very pragmatic look at our operating base to design a suitable decarbonization pathway. I look forward to providing further updates in due course.”


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