Annual recognition highlights organizations that
have demonstrated a commitment to business integrity through robust
ethics, compliance, and governance programs
CALGARY,
AB, March 4, 2024 /CNW/ - Frontera Energy
Corporation (TSX: FEC) ("Frontera" or the
"Company"), has received the 2024 World's Most Ethical
Companies® recognition by Ethisphere, a global leader in
defining and advancing the standards of ethical business
practices.
Frontera has been recognized for the fourth time since 2021 and
is one of only two honorees in the Oil & Gas industry. In 2024,
136 honorees were recognized spanning 20 countries and 44
industries.
Orlando Cabrales, Chief
Executive Officer, Frontera commented:
"Frontera is very proud to be recognized for the fourth
consecutive year as a World's Most Ethical Companies honoree and
one of only two honorees in the global Oil & Gas industry. This
recognition is a reflection of our unwavering commitment to
transparency and integrity, and aligns with our mission to be a
force that contributes to the sustainable development of the
regions where we operate."
Ana Lucia Goyes, Chief
Compliance Officer, Frontera commented:
"This recognition is a testament to our commitment to the
highest standards of ethics and integrity that we seek to
demonstrate every day. We strive to go one step ahead and be
integrity influencers for our stakeholders in the regions where we
operate"
Erica Salmon Byrne, Ethisphere
Chief Strategy Officer and Executive Chair commented:
"It's always inspiring to recognize the World's Most Ethical
Companies®. Through the rigorous review process, we see
the dedication of these organizations to continually improving
their ethics, compliance, and governance practices to the benefit
of all stakeholders," said Erica Salmon
Byrne, Ethisphere's Chief Strategy Officer and Executive
Chair. "Companies that elevate best-in-class cultures of ethics
and integrity set a standard for corporate citizenship for their
peers and competitors to follow. Congratulations to Frontera for
achieving this honor and demonstrating that strong ethics is good
business."
Ethics & Performance: The
Ethics Premium
The listed 2024 World's Most Ethical Companies®
Honorees outperformed a comparable index of global companies by
12.3 percentage points from January
2019 to January 2024.
Methodology &
Scoring
The World's Most Ethical Companies assessment is grounded in
Ethisphere's proprietary Ethics Quotient®, an extensive
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social, and
governance (ESG) practices; ethics and compliance program;
diversity, equity, & inclusion; and initiatives that support a
strong value chain. That data undergoes further qualitative
analysis by our panel of experts who spend thousands of hours
vetting and evaluating each year's group of applicants. This
process serves as an operating framework to capture and codify
truly best-in-class ethics and compliance practices from
organizations across industries and from around the world.
Honorees
To view the full list of this year's honorees, please visit the
World's Most Ethical Companies website, at
https://worldsmostethicalcompanies.com/honorees.
About Frontera
Frontera Energy Corporation is a Canadian public company
involved in the exploration, development, production,
transportation, storage and sale of oil and natural gas in
South America, including related
investments in both upstream and midstream facilities. The Company
has a diversified portfolio of assets with interests in 27
exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in
Colombia. Frontera is committed to
conducting business safely and in a socially, environmentally and
ethically responsible manner.
About Ethisphere
Ethisphere is the global leader in defining and advancing the
standards of ethical business practices that strengthen corporate
brands, build trust in the marketplace, and deliver business
success. Ethisphere has deep expertise in measuring and defining
core ethics standards using data-driven insights that help
companies build strong cultures of ethics and integrity. Ethisphere
honors superior achievement through its World's Most Ethical
Companies® recognition program, provides a community of
industry experts with the Business Ethics Leadership Alliance
(BELA), and showcases trends and best practices in ethics with
Ethisphere Magazine. Ethisphere also advances business performance
through data-driven assessments, guidance, and benchmarking against
its unparalleled data: the Culture Quotient dataset reflecting the
ethical business practices of 3+ million employees around the
world; and the Ethics Quotient dataset, featuring 240+ data points
on the ethics, compliance, social, and governance practices of the
World's Most Ethical Companies. For more information, visit
https://ethisphere.com.
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SOURCE Frontera Energy Corporation