Sustainability
Kolibri Global Energy Sustainability Report
This report provides relevant information about our sustainability / Environmental, Social and Governance (“ESG”) initiatives, practices, and related key performance indicators. In the creation of this document, we considered various frameworks, including the Sustainability Accounting Standards Board’s (“SASB”) Oil and Gas Exploration and Production Sustainability Accounting Standard, the Global Sustainability Standards Board’s Global Reporting Initiative (“GRI”) and associated Oil & Gas Sector Standards, and guidance from other industry frameworks and the various ESG ratings agencies, as appropriate. Our actions and initiatives implemented to date endeavor to align and comply with SASB, GRI and other reporting frameworks and standards when deciding on actions and initiatives. See page 22 of this report for more information on SASB and GRI.
This document covers calendar years 2022 through 2024, unless otherwise noted. For more information about our ongoing sustainability efforts, please visit our website. Also, please see the inside back cover of this report for our Safe Harbor Statement commentary and disclaimer.
Good corporate citizenship is part of our cultural identity, and this applies to being positive stewards of the environment and the communities in which we operate. We are committed to protecting and preserving the environment in all aspects of our business, including production operations, well work programs, and decommissioning activities. Our focus on minimizing our operational impact is multifaceted, including seeking to reduce air emissions, prevent spills, and safeguard local water supplies, as well as utilizing advanced drilling, completion, and operations technologies. Our ongoing environmental programs are designed to not only reduce our operational impacts but also improve efficiency, lower costs and reduce risk, which promotes the longterm sustainability of our business while enhancing our relationships with the communities in which we operate.
To build a sustainable business, we need a strong team with a diverse set of skills and experience. We strive to attract, develop, and retain a highly qualified workforce, and are committed to providing an inclusive, safe, and secure work environment where our employees can be respected, valued, and successful in pursuing their goals, all while contributing to our success. We will continue to work to promote honesty and integrity, treat people fairly, expect high performance, and execute efficient and effective processes, as well as ensure open communication and being respected in our local communities.
We are committed to fostering a corporate environment that promotes sound governance practices that are designed to lead to good decision making, aligned with the interest of our stakeholders, and promotes our long-term success. In support of these efforts, our Board and its committees are responsible for our strategy and governance. Our fundamental policy is to conduct our business with honesty, integrity, and in accordance with applicable legal and ethical standards, and we expect our employees across the organization to also exemplify these principles as they conduct their work activities. We maintain a corporate governance section on our website at https://kolibrienergy.com/investors/ corporate-governance/ that includes the charters for the committees of our Board, as well as copies of our Corporate Social Responsibility Policy, Code of Business Conduct and Ethics, latest proxy and other relevant governance documents.
CEO Letter to Stakeholders
We believe it is important to provide sustainability related information and metrics to our shareholders and other stakeholders while also communicating how we plan to continually improve. As such, we are pleased to present Kolibri’s inaugural Sustainability Report, which provides increased transparency to our stakeholders regarding our business and operating practices.
Our Board, along with executive management, oversees the Company’s strategic initiatives with a focus on long-term, sustainable investments in our operations, team member development, and protecting the environment, which we believe is in the best interests of our stakeholders. Our Board recognizes that sustainability risks are interconnected with other business risks and opportunities, and they regularly review salient sustainability-related issues alongside other operational, financial, and strategic matters. Our commitment is outlined in our Social Responsibility Program, which is included in this report.
The health and safety of our workforce, as well as the residents of the local communities in which we operate, is a top priority, and we strive to protect the environment and reduce our environmental footprint through efficient operations. We also view our employees as critical to our success and our most important asset. As such, we place a strong emphasis on attracting, hiring, and developing a talented and effective workforce.
Finally, we believe it is critical to be a good corporate citizen. We want to thank our workforce for their continued dedication and support in our ongoing efforts to enhance value for our shareholders as we execute on our strategies to promote the long-term sustainability of our business.
These efforts can be seen in our ongoing success in further developing our asset base; while ensuring we continue to follow safe and efficient operating practices and capitalize on opportunities to enhance our financial health and market position.
We remain committed to increasing value for our shareholders while being a good steward of the areas we operate, and we believe this commitment is beneficial to our Company, the U.S., and the world at large. I would like to thank our workforce for their continued dedication and support in our ongoing efforts to enhance value for our shareholders as we execute our strategies to promote the long-term sustainability of our business. We look forward to keeping our shareholders and other stakeholders apprised of our progress, and we thank you again for your continued support.
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Best Regards,
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