Recognition Honours Companies Demonstrating
Exceptional Leadership And A Commitment To Business
Integrity Through Best-In-Class Ethics, Compliance, And Governance
Practices
CALGARY, AB, March 15, 2022 /CNW/ - Frontera Energy
Corporation (TSX: FEC) ("Frontera" or the "Company")
has been recognized by Ethisphere, a global leader in defining and
advancing the standards of ethical business practices, as one of
the 2022 World's Most Ethical Companies. Frontera has been
recognized for the second straight year and is the only honouree in
the Oil and Gas, Renewables category. In 2022, 136 honourees were
recognized spanning 22 countries and 46 industries.
Orlando Cabrales, Chief
Executive Officer, Frontera commented:
"We are very proud to be recognized, for the second
consecutive year, as one of the 2022 most ethical companies in the
world by Ethisphere. Frontera's board, management and employees
live the Company's values every day. Frontera is committed to
conducting its business in a safe, ethical and socially responsible
manner, promoting the development of our communities, working in
harmony with the environment, and generating long-term value for
our stakeholders."
Luz María Zea, Chief Compliance Officer, Frontera
commented:
"At Frontera, doing business ethically is a reflection of our
corporate values and our culture of integrity. We seek to go one
step forward, to be integrity influencers for our stakeholders and
in the territories where we operate."
Timothy Erblich, Ethisphere
Chief Executive Officer commented:
"Today, business leaders face their greatest mandate yet to
be ethical, accountable, and trusted to drive positive change. We
continue to be inspired by the World's Most Ethical Companies
honourees and their dedication to integrity, sustainability,
governance, and community. Congratulations to Frontera Energy for
earning the World's Most Ethical Companies designation."
Ethics & Performance
Ethisphere's 2022 Ethics Index, the collection of publicly
traded companies recognized as recipients of this year's World's
Most Ethical Companies designation, outperformed a comparable index
of large cap companies by 24.6 percentage points over the past five
calendar years.
Methodology & Scoring
Grounded in Ethisphere's proprietary Ethics Quotient®, the
World's Most Ethical Companies assessment process includes more
than 200 questions on culture, environmental and social practices,
ethics and compliance activities, governance, diversity, and
initiatives to support a strong value chain. The process serves as
an operating framework to capture and codify the leading practices
of organizations across industries and around the globe.
Honourees
The full list of the 2022 World's Most Ethical Companies can be
found 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 34
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.
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About Ethisphere
Ethisphere® is the global leader in defining and advancing the
standards of ethical business practices that fuel corporate
character, marketplace trust and business success. Ethisphere has
deep expertise in measuring and defining core ethics standards
using data-driven insights that help companies enhance corporate
character and measure and improve culture. Ethisphere honors
superior achievement through its World's Most Ethical Companies
recognition program and provides a community of industry experts
with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
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SOURCE Frontera Energy Corporation