2021 SUSTAINABILITY REPORT
Our sustainability approach
Our Sustainability Strategy is focused on five pillars integrated into the business strategy, which aim to carry out responsible operations and strengthen the Company's competitiveness in the long term.
"The pandemic has confirmed that business results must not only create economic value, but also integrate a triple impact assessment, which reflects the contributions to the environment, its value chain, its people and communities, always with integrity and with processes that ensure good governance.".
Santiago Martinez Tanoira
President of YPF Luz
PRIORITY ODS
Who we are
YPF LUZ is a leading company in power generation whose mission is to generate profitable, efficient and sustainable energy, optimizing natural resources to produce thermal and renewable energy and guaranteeing competitive energy solutions for its customers.
“2021 has been a year that once again confronted us with great challenges and opportunities. With a clear vision and following our values, we managed to supply electricity to the country and complete the projects we had under construction. We generate 8% of the country's electricity with an installed capacity of 2,483 MW.”
Martín Mandarano
CEO of YPF Luz
Governance, ethics and integrity
"Compliance is not simply complying with what is required of us or abiding by the rules. Compliance is protecting our good name and reputation. It is key to protect our partners, customers and collaborators. It is key to continue fulfilling our dreams safely. Compliance is a work culture and our way of doing business".
Sebastián Torres
Chief Compliance Officer and
Internal Audit Manager
COMPREHENSIVE
COMPLIANCE
PROGRAM
- ISO 37001 Anti-Bribery Management Certification for 100% of operations.
- Compliance Culture.
- Compliance Channel.
- 89% of staff trained in Compliance.
- 60% of critical third parties trained in Compliance.
RISK MANAGEMENT
New matrix and system for comprehensive risk management
INADEQUATE INTERNAL PROCESSES, FAILURES IN THE SYSTEMS
DECISION MAKING, BUSINESS AND COMPLIANCE WITH GOALS AND KPIS.
REPUTATIONAL, COMPLIANCE, CORRUPTION AND MONEY LAUNDERING RISK.
FINANCIAL ECONOMIC, BUDGETS, TAXES, ADMINISTRATION AND ACCOUNTING.
ANTI-BRIBERY MANAGEMENT SYSTEM
ISO 37001:2016 Certification of our Anti-Bribery Management System for 100% of operations, without no conformities.
This achievement places YPF Luz among the few Argentine and international companies to obtain this certification at company level.
Economic performance
ECONOMIC RESULTS
USD 321M
EBITDA
+42,3% VS. 2020
USD +138M
investments
USD +441M
sales
[+46,4% VS. 2020]
OPERATIONS
2.483 MW
Installed capacity
INSTALLED POTENCY
84.1%
Availability
6.451 GWh
Power generated
GENERATION
1757,48 Kcal/KWh
Specific consumption
VALUE CHAIN
PROJECTS UNDER CONSTRUCTION
OWN
ZONDA SOLAR PARK
100 MW of renewable energy
THIRD PARTY
CLOSING OF ENSENADA BARRAGÁN
280 MW of renewable energy
In 2021 we began construction of the company's first solar park, which will be located in the province of San Juan, and whose first stage includes 100MW.
In addition, we are advancing the closure of the combined cycle of the Ensenada Barragán Thermal Power Plant, whose work is in charge of YPF Luz.
LEADING RENEWABLE ENERGY SUPPLIERS TO INDUSTRY
We continue to consolidate a portfolio of first-class clients, to supply renewable energies through long-term contracts that give them security and predictability. In 2021, 12 industrial clients such as Accenture, Mc Cain and Banco Santander joined.
Environmental performance
ENERGY USE
12%
energy generated from renewable sources
7
certified plants ISO 50001
71 millions
total energy consumption (in GJ)
EMISSIONS
3.924.586m
tn co2 equivalent direct emissions
0,322
GHG emissions
intensity
259.333
GHG emission reduction certificates
WASTE
367.674
waste generated
(in kg)
1686
recycled and reused materials
(in kg)
WATER USE
10.619
total water extraction
(in kton)
8176,55
Total water consumption
(in kton)
COMPREHENSIVE MANAGEMENT OF SURPLUS RESOURCES AND WASTE
In 2021 we introduced a new procedure to avoid and minimize the generation of waste, promoting the efficient use of all resources, the reduction at source and the valorization of surplus resources.
LOMA CAMPANA GREEN LUNG
Located in Añelo, Vaca Muerta, the Green Lung is a sustainable solution for the management of liquid effluents from the Loma Campana Complex. The lung is part of the productive process of electricity generation, in which 100,000 trees use 100% of the liquid effluents as irrigation.
SOCIAL INVESTMENT
24.500
beneficiaries
USD 31.038,75
donations
USD 40.957,76
investment in
social activities
USD 134.252,58
environmental investment
ACTIVITIES
WE PLANT FOR THE FUTURE
TRAINING AND TECHNICAL ASSISTANCE PROGRAMME FOR 15 MUNICIPALITIES
13 ENERGY SEMINARS AND WEBINARS
9 SURVEYS AND ADAPTATION OF ELECTRICAL INSTALLATIONS
IDEAS FOR OUR COMMUNITIES
IMPLEMENTATION OF 4 PROJECTS PROPOSED BY EMPLOYEES
CORPORATE VOLUNTEERING
74
volunteers
331
hours of
volunteering
21%
participating
employees
PLANT FOR THE FUTURE
We implemented a training and technical assistance program to 15 municipalities in different provinces of the country, with focus on the ecosystem, the importance of native trees and strategies for correct planting, care and conservation.
IDEAS FOR OUR COMMUNITIES
It is a program in which we implement the projects presented by our collaborators. In 2021 we implemented 5 projects.
“These activities make us feel that our contribution helps those who need it most," said Andrea Cardoso, a volunteer with YPF Luz, during the painting day at the Mil Grullas Kindergarten in La Plata.
Social performance
EMPLOYEES
353
collaborators
16
new hires
DIVERSITY
22%
employed women
25%
In leadership positions
TRAINING
38.400
total hours training
109
training hours per employee
10 GOLDEN RULES TO SAVE LIVES
HEALTH AND SAFETY
0
occupational deaths
1,00
handling index
0,38
accident frequency index