Vaalco Energy Inc 2023 SUSTAINABILITY REPORT

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, 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
Al Petrie Advisors (US Investor Relations)	+00 1 713 543 3422
Al Petrie / Chris Delange
Buchanan (UK Financial PR)	[phone]
Ben Romney / Barry Archer / Chris Judd (ESG) / Maddie Percival (ESG)	[e-mail]

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCSEMESUELSESL