Energy That Transforms Us
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Energy That Transforms Us Sustainability Report 2019 > Energy That Transforms Us Sustainability Report 2019 > > 2 — 3 Table of Contents Impact of Letter from Letter from the COVID-19 the Chairman the CEO Pandemic 01 02 03 About Us Sustainability Governance, Ethics and Integrity 04 05 06 Economic Environmental Social Performance Performance Performance 07 GRI Content Index > 4 — 5 Impact of the COVID-19 Pandemic n March 11, 2020, the World Health Organization contractors’. Measures derived from COVID-19 measures and news in relation to protocols and 1. Take care of our people. Always prioritize declared the Coronavirus (COVID-19) are significantly affecting the national, regional other Covid-19 news through internal health and safety, in compliance with health Ooutbreak a global pandemic and global economy, due to impacts on the chain communication channels. regulations. Protect the jobs of our people. as it rapidly spread around the world, having of supply and significant increase of economic • A dedicated page on COVID-19 was created on Collaborate with employees who require affected more than 190 countries. Most of the uncertainty, as evidenced by higher volatility of the Intranet, where employees have access to support, encouraging teamworking to come out governments are taking restrictive measures to asset prices and exchange rates, and a decrease all information: protocols, rules, news and stronger and better. prevent propagation. in long-term interest rates. advice. 2. Safeguard revenues and costs. Minimize • A section on Covid-19 was added to the website costs to those that are strictly required. Work In Argentina, where the company operates, on To cope with this pandemic and considering that www.ypfluz.com with information relevant to closely with clients to make sure that they will March 12, 2020 Decree 260/2020 established the electric power generation has been declared an communities and stakeholders. continue paying for supplied energy. Reinforce sanitary emergency status to manage COVID-19, essential activity, the company has implemented • Needs in the communities near the sites where strict discipline in investments, prioritizing those and on March 19, the National Government issued protocols and actions intended to protect people the company operates were identified through that generate income as early as possible. Decree 297/2020 establishing a mandatory and and remain in operation during the crisis. The regular online meetings. Sanitation and hygienic 3. Support strategic clients and suppliers. Stay preventive lockdown. The lockdown has been main actions include the following: supplies and PCR kits were donated to nearby close to clients, understand their needs and how repeatedly extended and is still in force. Electric hospitals, as well as sanitizing products and we can help them by build on and improve our power generation was declared an essential • Early in March 2020 we created a COVID-19 face masks to other nearby entities. relations with them in the long term. Honor service and was permitted to continue operating Crisis Committee, which holds daily meetings • Drills of suspected cases are being carried out energy delivery commitments. Maintain since the beginning of the quarantine period, while to monitor the situation, discuss published at all sites to make sure that an adequate availability and power generation of equipment electrical infrastructure works were declared regulations and recommendations and to response is in place in case of a potential case in operation. Deliver projects completion. Detect essential as of April 6. So far, the measures implement measures to protect the company, of COVID-19. strategic suppliers willing to support the company adopted as a result of the pandemic include, its operations and - most importantly – its • Testing and additional preventive measures have and work in the long term. among other, prohibition of dismissals without people. The Committee has published a series been established for workers from locations 4. Emerge from the crisis stronger. Develop and good cause due to personnel cutdown or force of Protocols and Procedures to prevent with epidemiological transmission. apply new technologies to improve performance. majeure, general restriction on the circulation of COVID-19, to ensure sanitary conditions of the Have a team ready to grow. Use this period to people, general traveling restrictions, suspension facilities and continued operations. It has also All employees of the company have been adapting learn, train, improve operations, share of visas, partial or total shutdown of public and published at a fast pace to innovate in the way they work, knowledge and grow. Continue to work strongly private institutions, suspension of sports events, a Works and Services Protocol that applies to all including those who work from home and those in new projects, so that they are “ready to start” restrictions on operation of museums and tourist personnel involved in construction projects, who are performing essential tasks at the plants. and able to grow our market share in the attractions and vacation extension. including contractors’ and subcontractors’ They are all learning every day to overcome the generation segment. personnel. obstacles that this pandemic brought to the Through Decree 576/2020, on June 29, the • The company implemented a remote operation organization of their daily routines, making efforts Government adopted more restrictive measures system to minimize the potential impact of COVID- to maintain the efficiency required from each role in the City of Buenos Aires and surrounding areas 19, focused on personnel’s health and safety. and coordination as required by the team. (AMBA), and it allowed provincial governments • Workers were issued circulation permits to to ease or impose restrictions on activities based ensure their transfer at their workplaces While the current context is overly complex, on certain parameters considering the local without problems. given that we are faced with a global health, development of COVID-19. While all provinces and • The company adapted its employee training economic and financial crisis, the company has districts have permitted operation of essential program to a full online mode and developed decided to focus on the following priorities: services, many of them apply restrictions, or new content such as cross-area talks and online lockdown periods that hinder normal training delivered by ITBA, among others. development of the company’s activities and its • Employees were kept continuously updated of > 6 — 7 Letter from the Chairman e have been experiencing a large direct and transparent communication with energy transformation in these last our shareholders, clients, suppliers and the W years as a result of the growing communities where our thermal plants and demand for new forms of supply, including wind farms are located. taking care of natural resources and the planet to combat the effects of climate change. We celebrate being able to present our second YPF Luz Sustainability Report -a Electric energy is a fundamental resource document that reflects how we work, the and at YPF Luz we are committed to generate results of our management in 2019 and our it in a safe, efficient and sustainable manner vision of the future in terms of economic, to contribute to the development of our social and environmental impacts. country, its industries, its economy and the daily wellbeing of all Argentine people. The report is prepared under the international Global Reporting Initiative (GRI) We have incorporated new technology and standard and was subjected to an analytic efficient processes to generate natural gas- review process by Deloitte, which ensures based thermal energy, and to ensure greater transparency and accuracy of the availability of energy at all times, which is data presented. supplemented with renewable energy, thus In addition, it is in line with Sustainable taking advantage of wind, one of our Development Goals of the 2030 Agenda country’s natural resources with unique approved by the United Nations. characteristics in the world. I invite you to get to know the 2019 We are a young power generation company sustainable management of our business. that has invested over 1500 million dollars in Argentina in only 7 years and we now have 9 operation centers and 7 projects under construction in 4 provinces. We endeavor to improve our work day after day to provide a safe, sustainable and quality Santiago Martínez Tanoira service, always protecting our collaborators Chairman of the Board and strengthening the relationship through > 8 — 9 Letter from the CEO t YPF Luz we are responsible for generating ISO 50.001 in Tucumán and La Plata, reaching an For this reason, this report includes a special annex electric energy, a resource that is essential aggregate number of 6 operating centers with this on COVID-19 which describes how the pandemic Afor all Argentineans. Doing so in an efficient certification. We also obtained the ISO 45.001 affected our industry and our business. We also and sustainable manner is key to our growth, certification for Workplace Health and Safety describe the measures we are taking to safeguard always caring for the environment and sustaining management at the La Plata Cogeneration Plant. the health and safety of our workers and the our ongoing commitment to our stakeholders, in Standards help build a culture of excellence and continuity of our operations and construction the context