Our commitments 

GEB and its subsidiaries are committed to protecting biodiversity, conserving and restoring ecosystems in the area of influence of our activities and projects. To do so, we have established the following commitments: 

Biodiversity risk assessment

At GEB, we align with the environmental regulations in force in each country where we operate. Following the methodologies established in the terms of reference, we carry out environmental assessments that include the biotic component. These assessments allow us to identify potential risks, dependencies, and impacts of our activities, and to establish the corresponding Environmental Management Plans and Biodiversity Offsetting Plans.

To learn more about our biodiversity risk assessment, please visit the following link:

Biodiversity risk assessment

Guidelines and roadmap for the management of nature GEB
 

At GEB, we recognize the growing environmental challenges such as ecosystem degradation and accelerated biodiversity loss. We also understand that investors, financial markets, regulators, governments and civil society are increasingly demanding that companies integrate responsible practices with nature.

For this reason, and in line with international frameworks, global standards and best practices, we have developed our GEB Nature Management Guidelines and Roadmap: a strategic guide to identify, manage and act on the risks, impacts, opportunities and dependencies that our operations have with the natural environment, which is aligned with international management and reporting frameworks and agreements.

Objective:
To develop solutions based on the sustainable use, conservation and restoration of ecosystems while ensuring stakeholder engagement and the well-being of local communities. 
 

For more information on our guidelines and roadmap, please access the following file
 

“Mitigation actions for biodiversity”

Mitigation actions are described in Chapter 10 of the Environmental Impact Assessments (EIA) for each of the GEB projects. These studies include environmental management plans and compensation plans for the biotic component of the projects. 

Some of the most relevant mitigation actions of our subsidiaries are presented below
Biodiversity mitigation actions 2024.pdf

“Biodiversity exposure and assessment”

At GEB, we are aware that due to the nature of our operations and the geographic location in which we operate, some of our activities take place in areas with high biodiversity richness.

Therefore, in all cases in which our operations are located in biodiverse territories, we carry out rigorous Environmental Impact Studies that allow us to identify possible effects on ecosystems and establish Environmental Management Plans aimed at preventing, mitigating and, when necessary, compensating for such impacts.

This approach allows us to operate in a responsible manner, aligned with our commitment to the conservation of nature and the well-being of local communities.
Biodiversity exposure and assessment.pdf

Status of environmental offsets

^{*Enlaza:The hectares to be compensated may be reduced for Colectora due to less intervention in ecosystems than originally foreseen.Electrodunas, Cálidda and Contugas have no compensation commitments.}