Our Responsibility

Madec Energy Incorporated acknowledges the long-term impact of Environmental, Social, and Governance (“ESG”) issues on investment performance as well as environment and social sustainability. 

We are also a social-impact investment company aiming to directly and indirectly create sustainable socio-economic benefits to the people, especially in under-served communities. We will, to the best of our ability, align our investment objectives to standard ESG principles, including commitment to the following key initiatives:  

Environmental

Reducing operational emissions through:

  • Compliance with applicable international, national, state and local environment laws in our country of operation.
  • Reducing / eliminating gas flaring and methane emissions through potential monetization of flare gas and replacement of any existing diesel generators with more efficient and cleaner gas powered generators for field operations 
  • Implementing appropriate Carbon Capture Storage Utilization (CCSU) solutions such as using idle wells and depleted reservoirs for gas storage and increase utilization of stranded gas for reservoir maintenance and production optimization
  • Operational efficiencies, including increasing water injection efficiency and recycling
  • Transitioning to lower-carbon energy sources, including natural gas and renewables

Diverse and inclusive workplace and socially responsible operations:

  • Recognize, respect and maintain the rights, freedom and dignity for all.
  • Paying competitive wages and benefits and providing an equal, safe and healthy workplace to our employees.
  • Commitment to capacity building and local content.
  • Respect for human rights as well as local cultures and traditions.
  • Investing responsibly to foster sustainable development for the communities within which we operate. A key social impact initiative we are focused on is small scale renewable energy generation for our host communities.

Social

Governance

Establishing strong internal Governance:

  • Comply with applicable international, national, state and local laws.
  • Maintain effective governance structures with appropriate anti-corruption,. compliance, risks management and Board oversight and code of conduct.
  • Ensure all employees maintain a high standard of ethical behavior founded on professionalism and transparency..
  • Manage and control risk, prevent harm and comply with all legal requirements.
  • To the extent possible, ensure the same policies are applied by, or to, third parties acting on our behalf or with whom we do business with.