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Labor Practices Commitment

Jun 6, 2025

At Ecopetrol we have an equitable Compensation Policy.

We are committed to guaranteeing that all employees receive fair and market-related compensation, without any discrimination whatsoever. We value merit and performance, ensuring that salary decisions are made in a transparent and objective manner, thus promoting an inclusive and respectful work environment for all people.

In line with our policy, below is a 2024 report of the compensation between men and women by type of position:

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The following aspects of the compensation policy are highlighted:

  • We guarantee equal conditions for men and women by defining salary structures that apply equally to all employees regardless of gender, following salary bands defined by position level.
  • We maintain a competitive compensation scheme compared to the Colombian market and the industry, ensuring to attract and retain the best talent. Thus, in order to monitor our position against the reference market, every year we conduct a salary competitiveness study with a firm specialized in the management of a quantitative methodology for the valuation of positions, best compensation practices and organizational issues.

We guarantee the recognition of legal and extra-legal salary benefits, such as:

  • Legal: Vacations in time, legal service bonus and statutory severance payment (saved annually in severance fund administrators)
  • Extra-legal: Vacation bonus, special bonus or conventional bonus, seniority bonus, housing bonus and five-year seniority bonus.
  • Our company complies with the maximum workday established by current Colombian legislation, set at 46 hours per week, and as of July 2025 we will implement the 42-hour workweek, in anticipation of the provisions of Law 2101 of 2021.
  • We are committed to ensuring adequate working conditions, respecting working hour limits and promoting the well-being of our employees. We believe that a work-life balance is essential for the productivity and well-being of our employees.
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