July 26th, 2022

To our stakeholders:

I am pleased to confirm that Jaguar E&P reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption. In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to sharing this information with our stakeholders using our primary channels of communication.

Sincerely yours,

Warren Levy
CEO

We have a Code of Conduct in which we state the respect for the human rights of all our collaborators and employees, and we are now working on our Human Rights Policy to guarantee the correct implementation of Human Rights standards as stated in International Conventions.

• We guarantee our employees' safety and integrity while working in our operations areas. Each of them counts with complete responsibility and authority to report a situation of danger and stop operations whenever there are imminent risks or unsafety conditions to work.
• We prioritize the health of our employees by implementing COVID-19 protocols in all our operative bases and offices. We have personnel in charge of monitoring symptoms and potential COVID-19 cases.
• We have installed institutional channels of grievances. We have also started to apply new initiatives to address risk factors or practices against our principles and values. We have carried out follow-up sessions and walk-throughs with our CEO and the Human Capital Department in particular cases and those that concern an entire department.
• We enhance our collaborators to use the communication channels to denounce illegal practices or unacceptable conduct.
• We implement the annual Program of Organizational Environment to evaluate leadership, practices, labour conditions, development and organizational culture to improve satisfaction levels.
• We conduct periodical sessions to create awareness among our collaborators regarding equality and non-discrimination.

• There is an ESG Task Force in charge of monitoring the progress of measures and projects related to Human Rights implementation.
• The ESG Task Force collects periodic indicators and required information on Human Rights related topics.
• The ESG Task Force is now working on an annual report to disclose this information to relevant stakeholders.

Jaguar E&P operates under absolute respect for Mexican labor laws. Moreover, we care for our employees' well-being and we have implemented our benefits system, which seeks to provide the best rewards and benefits for our employees.

• We guarantee competitive salaries. All salaries are beyond the minimum salary standard of Mexican law. Each year, we make sure we comply with updated requirements of the National Commission for Minimum Salaries.
• We seek to motivate the professional growth of our collaborators by conducting performance evaluations. The annual performance process allows us to evaluate the outcomes of collaborators working for the company.

• There is an ESG Task Force in charge of monitoring the progress of measures and projects related to labour implementation.
• The ESG Task Force collects periodic indicators and required information on labour-related topics.
• The ESG Task Force is now working on an annual report to disclose this information to relevant stakeholders.

We have a risk monitoring system that allows us to identify potential damages to the environment and opportunities to improve our operations procedures. The health and safety department oversees that we comply with all national laws regarding environmental protection. They periodically report relevant indicators to the National Agency of Energy, Safety and Environment (ASEA, by its acronym in Spanish).

• Guarantee the integral management of our waste, prioritizing its reduction and reusing a significant percentage.
• We comply with all legal requirements regarding storage, transporting and disposition.
• Identfy our main sources of GHG emissions to reduce its spreading and damegs. We are exploring reduction programs and the possibility of investing in new technologies.
• Avoid pollution emissions to the environment through inspection programs and preventive and corrective management.
• Minimize the impact on ecosystems by developing activities in impacted areas, avoiding damaging flora and fauna.
• Guarantee that all emergency procedures integrate actions to avoid environmental impact in an unexpected event.
• Create awareness among our employees and contractors through programs, training and workshops that reinforce Jaguar E&P’s commitment to the environment.

• There is an ESG Task Force in charge of monitoring the progress of measures and projects related to environmental progress and project implementation.
• The ESG Task Force collects periodic indicators and required information on environmental related topics.
• The ESG Task Force is working on an annual report to disclose this information to relevant stakeholders.
• We measure our environmental indicators in terms of energy, water, waste and biodiversity
• The Health and Safety department has a methodology to revise all environmental procedures and measure our carbon footprint to maintain our levels under national and international regulations.

Jaguar E&P has its own anticorruption and antibribery policy and a Compliance Department that oversees its correct implementation. We also have a Code of Conduct regarding antibribery and corruption for all our collaborators and top management.

• We create our compliance department, independent of the legal department to guarantee its complete autonomy.
• We have a Compliance Officer in charge of leading and preventing corruption cases.
• We have implemented our Antibribery Management System.
• We have a Code of ethics that guides our collaborators’ activities.
• We are working on the dissemination of the code of ethics.
• We have created our anti-bribery and corruption risk portfolio.
• We have implemented an onboarding process that minimizes the risk of bribery.
• Mapping of collaborators in risk positions regarding anti-bribery and corruption.
• Protocol of action for bribery cases
• Audit programs to monitor the compliance of our Antibribery Management System.
• Training program in anti-bribery and corruption.
• We have an anticorruption code signed by Jaguar’s top management.
• Conduct evaluations on all our contractors before hiring them.
• We have a team of certified auditors in ISO 37001.
• Implement a payment system that allows us to mitigate potential corruption risks.

We have a Compliance Committee in charge of analyzing particular cases related to bribery and corruption. The committee members are selected carefully to make decisions following the code of conduct.