REG - Vaalco Energy Inc - 2023 SUSTAINABILITY REPORT

VAALCO EnergyAnnouncement

30/04/2024 07:00

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RNS Number : 4956M  Vaalco Energy Inc  30 April 2024

 

VAALCO ENERGY, INC. ANNOUNCES PUBLICATION OF

2023 SUSTAINABILITY REPORT

HOUSTON - April 30, 2024 - VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO"
or the "Group") today announced that it has issued its 2023 Sustainability
Report, which is now available on VAALCO's web site, www.vaalco.com
(http://www.vaalco.com) , within the Sustainability section.

 

The report covers VAALCO's environmental, social and governance ("ESG")
initiatives and related key performance indicators for the financial year
2023. During 2023, the business greatly enhanced its leadership team,
appointing new Group-level heads of function to centralize accountability and
to set global standards, processes and plans for the business that align with
industry best practices. Furthermore, the appointment of a Director of
Sustainability and Regulatory Reporting has enabled a holistic approach to ESG
management, performance and disclosure.

 

Commenting on the newly-issued Sustainability Report, Chief Executive Officer
George Maxwell said, "Following our strategic combination with TransGlobe
Energy Corporation in 2022, a key focus has been on establishing Group-wide
ways-of-working that reflect our position as a diversified global E&P
business with operations across multiple jurisdictions. Hiring experienced
professionals to lead our global functions has enabled us to execute our
strategic objectives more effectively at each operating location. We remain
focused on safety, environmental stewardship and sustainable growth."

 

Thor Pruckl, Chief Operating Officer, commented, "This Sustainability Report
represents our most detailed reporting in accordance with the Task Force on
Climate-related Financial Disclosures (TCFD) to date, including assessment of
business resilience and impact of physical climate risk. As we continue to
drive our decarbonization program, we are pleased to report a 19% reduction in
Scope 1 emissions from the previous year. The emission reductions achieved
align with the goals and direction of the countries in which VAALCO operates."

 

"Effective management and monitoring of our ESG performance continues to be
important to our business and our stakeholders. We believe our 2023
Sustainability Report successfully communicates the progress we have made to
date on our ESG journey."

 

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a
Houston, U.S.-based, independent energy company with a diverse portfolio of
operated production, development and exploration assets across Gabon, Egypt,
Equatorial Guinea and Canada.

 

For Further Information

 VAALCO Energy, Inc. (General and Investor Enquiries)                  +00 1 713 543 3422
 Website:                                                              www.vaalco.com (http://www.vaalco.com/)

 Al Petrie Advisors (US Investor Relations)                            +00 1 713 543 3422
 Al Petrie / Chris Delange

 Buchanan (UK Financial PR)                                            +44 (0) 207 466 5000
 Ben Romney / Barry Archer / Chris Judd (ESG) / Maddie Percival (ESG)  VAALCO@buchanan.uk.com (mailto:VAALCO@buchanan.uk.com)

 

 

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