Environmental Stewardship

Minimizing our environmental footprint is a key priority for Solaris. We strive to go above and beyond the required environmental guidelines. Our goal is to undertake our operations in an environmentally responsible manner by integrating the protection of the environment into our everyday working practices.

We achieve this through the following activities:

• Compliance with Ecuadorian environmental regulation
• Participatory mechanisms and quarterly outreach of environmental plans and license
• Community Environment Committee
• GHG Strategy (greenhouse gas emissions inventory, reduction plan, membership in Ecuador Carbon Zero program)
• Biodiversity Management - Wildlife Conservation Society
• 'Participación Ciudadana' Plan (community environmental consultation mechanism for advanced exploration license)
• Designing, developing and operating company facilities with the goal of minimizing the environmental impact,
• Implementing procedures and practices to ensure the efficient use of water, energy and other resources,
• Responsibly managing the company’s waste,
• Providing education and training of best practices to foster a culture of environmental stewardship, and
• Regularly monitoring our environmental impact and adapting procedures and practices where required.

Solaris upholds a commitment to transparent, responsible, and eco-friendly operations. Employing best practices, we strive to minimize environmental impact, prioritize human health, and restore sites to elevated environmental standards. Through engaged stewardship actions, we collaborate with communities, embracing diverse perspectives to shape sustainable environmental models. Centred around transparent reporting on our environmental progress, our stewardship measures yield quantifiable benefits to the environment.

Solaris’s Environmental Management Plan (EMP) encompasses multiple management plans with specific key performance indicators, verification methods, and monitoring frequencies. The EMP addresses various aspects of environmental responsibility, ensuring compliance with the environmental regulations that apply to advanced exploration. These include obtaining an environmental license, conducting environmental impact studies, and undergoing annual environmental compliance audits.

Our EMP focuses on three key areas:

• Community-focused prevention and mitigation of environmental impacts
• Industrial safety and occupational health plan and employee training
• Waste management, including closure and abandonment processes