For Ecopetrol, protecting biodiversity and administering ecosystem services are essential components, warranting their incorporation in the planning of projects and operations, applying a hierarchy of mitigation and contributing to the welfare of local communities in the areas of operation.
The elements for the implementation of the Biodiversity Strategy are as follows:
1. Incorporation of biodiversity criteria in project and operations planning, updating of biodiversity baselines and resilience analysis: this element seeks to identify, characterize and monitor current and potential interventions of the Company in relation to biodiversity and ecosystem services, as well as to incorporate mitigation hierarchy in projects and operations.
2. Landscape-scale intervention in priority areas: based on land planning and the viability of Ecopetrol's projects and operations, this element seeks to reduce conflicts over land use and ecosystem services, achieving a balance between ecological, social and economic benefits, through the implementation of aggregate projects in the prioritized landscapes.
3. Compensation and conservation of ecosystems: this element refers to the need to implement actions to compensate possible residual impacts on biodiversity, as well as in situ and ex situ conservation, so as to maintain viable populations of flora and fauna and the resilience of socio-ecological systems. Likewise, it seeks to offer support to the supply of ecosystem services in each of the areas of influence.
4. Nature-based solutions and sustainable use of biodiversity: this element seeks the conservation of ecosystems and the restoration of degraded areas, through sustainable productive projects that allow the achievement of socio-environmental business objectives, the implementation of forest carbon projects and adaptation based on ecosystems, the implementation of eco-reserve network, and the strengthening of capacities to foster Bioprospecting and Bioeconomics.
These projects seek to contribute to maintaining the provision of ecosystem services such as water flow regulation, food provision, biodiversity conservation, CO2 sequestration, adaptation and reducing the vulnerability of regions to climate change.
The main achievements of the Biodiversity program for 2019 were: