Slide 1: Ecopetrol's Emerging Risks Update 2024-2025
Ecopetrol´s Emerging Risks Update 2024-2025 Risk Management Corporate Compliance Department
Slide 2: Emerging Risks at Ecopetrol: General Concepts
EMERGING RISKS AT ECOPETROL Risks that could have a long-term impact (3-5 or more years) or, in some cases, may have already begun to have an impact on the company. The potential External risks, i.e., They have a high New risks, Known risks that material impact in they are generated potential impact
Slide 3: Emerging Risks Cycle 2024-2025
Emerging Risks Cycle 2024 - 2025 Through the application of the EMERGING RISK MANAGEMENT CYCLE, Ecopetrol performs understanding, analysis and recording of emerging trends and their derived risks. Emerging risks are evaluated based on criteria of (i) potential impact and (ii) speed of emergence* to
Slide 4: External environment trends influencing the company
Based on the analysis carried out in different joint construction scenarios, Ecopetrol identified the following external environment TRENDS that have the greatest influence on the company, from which the emerging risks are derived: EC ON OM AL C I Shifting labor force approach I SO C Impact of gener
Slide 5: Trends vs Emerging Risks
Trends vs Emerging Risks Trend Risk Investment reorientation Inefficient capital allocation in the context of the energy 2024 - 2025 transition Strategic misalignment against investment expectations and market opportunities Economic uncertainty Reduction of investment or financial support to O&G com
Slide 6: Emerging Risks Radar
Emerging Risks Radar 2024 - 2025 EN TAL Breach of TEC HN OL OG NM environmental ICA RO Sustainability due to Misalignment L energy assurance VI between EN governance and According to our methodology, and aiming to identify the Lack of readiness Speed of use of AI to deal with critical technologies.
Slide 7: Risk: Misalignment between governance and the pace of AI technology adoption
Risk: Misalignment between governance and the pace of AI technology adoption Category: Technological The risk that Ecopetrol may not be in a position to establish, maintain, ensure and guarantee the governance of the Artificial Intelligence (AI) it uses, specially as it evolves at a pace that outstr
Slide 8: Risk: Technology gap for business lines in energy transition
Risk: Technology gap for business lines in energy transition Category: Environmental The risk of an increasing digital and business technology gap for Ecopetrol compared to its competitors in industries related to its operations: the traditional hydrocarbon industry and the emerging energy transitio
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