Rights of Our Stakeholders
Respect, Transparency and Shared Responsibility
In fulfilling our ambition to be a trusted energy provider, employer, investment platform, and long-term partner, *GNL Guatemala S.A. (“the Company”) is committed to respecting and protecting the legitimate rights and interests of the stakeholders who contribute to, participate in, or may be affected by our activities.
We recognize that the long-term success of our LNG-to-Power business depends not only on financial and operational performance, but also on the trust, confidence, and constructive participation of our stakeholders. Their welfare and legitimate interests are therefore an important component of our Corporate Governance and Management System.
The Company will seek to identify and understand the expectations of its stakeholders, communicate transparently, manage potential impacts responsibly, and provide appropriate mechanisms through which concerns can be raised and addressed.
Who Are Our Stakeholders?
Given the integrated nature of our LNG-to-Power activities, GNL Guatemala S.A. interacts with a broad and diverse group of stakeholders.
Our principal stakeholders include:
* Shareholders and investors;
* Lenders and financial institutions;
* Employees and their families;
* Contractors, consultants, and suppliers;
* LNG suppliers and shipping partners;
* EPC/EPCM contractors and technology providers;
* Electricity customers, utilities, and offtakers;
* Port and maritime authorities;
* National and local government institutions and regulators;
* Municipalities and public authorities;
* Host and neighboring communities;
* Local businesses and entrepreneurs;
* Educational and technical institutions;
* Environmental and civil-society organizations; and
* Other individuals or organizations that may be directly or indirectly affected by our activities.
We recognize that each stakeholder group has different interests, responsibilities, expectations, and levels of interaction with the Project. Our engagement approach will therefore be proportionate to the nature of each relationship and the potential impacts of our activities.
Respect for Stakeholder Rights:
GNL Guatemala S.A. will respect the rights of stakeholders established under applicable laws, regulations, contractual agreements, permits, and recognized corporate-governance principles.
We will seek to ensure that stakeholders are treated fairly, professionally, ethically, and without improper discrimination.
Where our activities may create significant impacts, the Company will seek to identify those impacts early, implement appropriate mitigation measures, and maintain communication with the affected stakeholders throughout the relevant phases of the Project.
Shareholders and Investors
The Company recognizes the rights of its shareholders and investors to receive appropriate and reliable information regarding the Company’s performance, governance, material risks, and strategic direction, subject to applicable confidentiality obligations and legal requirements.
Shareholders will be treated in accordance with their legal and contractual rights, the Company’s constitutional documents, shareholder agreements, and applicable corporate legislation.
The Company will seek to maintain high standards of financial discipline, transparency, accountability, internal control, and responsible decision-making, with the objective of protecting and creating sustainable long-term shareholder value.
Lenders and Financial Institutions
Given the capital-intensive nature of LNG and power infrastructure, lenders and financial institutions are expected to represent important stakeholders in the development of the Project.
GNL Guatemala S.A. will seek to maintain transparent and professional relationships with its financing partners and provide information required under applicable financing agreements.
The Company will manage its activities with appropriate consideration for financial covenants, project risks, environmental and social requirements, insurance obligations, reporting requirements, and other commitments associated with project financing.
Employees
Our employees are fundamental to the Company’s long-term success.
GNL Guatemala S.A. will seek to provide a professional working environment based on respect, equal opportunity, merit, safety, integrity, professional development, and fair treatment.
Employees will have the right to raise legitimate concerns regarding safety, ethics, compliance, workplace conduct, or other matters without fear of inappropriate retaliation.
The Company will promote professional development and training to ensure that employees have the competencies required to perform their responsibilities safely and effectively.
Health and Safety
Every employee, contractor, supplier, visitor, and individual participating in our operations has the right to expect that reasonable and appropriate measures are taken to protect their health and safety.
The Company will establish management systems designed to identify hazards, assess risks, prevent accidents, and continuously improve safety performance.
Personnel working on the Project will have the responsibility and authority to stop work when they reasonably believe that an activity presents an unacceptable risk to people, the environment, or Project assets.
Contractors, Suppliers and Business Partners
The Company will seek to maintain professional and transparent relationships with contractors, suppliers, consultants, and other business partners.
Procurement and contracting processes will be based on appropriate criteria including technical capability, commercial competitiveness, quality, safety performance, environmental performance, compliance, experience, and financial capacity.
Business partners will be expected to comply with applicable laws, contractual obligations, Company policies, ethical requirements, and relevant QESH standards.
The Company will not tolerate bribery, corruption, fraud, conflicts of interest, or other improper business practices.
Customers and Offtakers
Electricity customers, utilities, and other potential offtakers are essential stakeholders in the Company’s business model.
GNL Guatemala S.A. will seek to develop long-term commercial relationships based on reliability, transparency, contractual performance, competitive energy supply, and security of service.
The Company recognizes that its LNG-to-Power infrastructure may become an important component of Guatemala’s electricity system. Consequently, operational reliability, availability, and responsible management of our energy infrastructure will remain fundamental business priorities.
Host Communities
GNL Guatemala S.A. recognizes that communities located within the Project’s area of influence are among its most important stakeholders.
Community members have a legitimate interest in understanding how Project activities may affect their environment, livelihoods, infrastructure, safety, employment opportunities, and quality of life.
The Company will therefore seek to maintain open, respectful, and continuous dialogue with host and neighboring communities, particularly throughout project development, construction, commissioning, and operations.
Community engagement will seek to provide appropriate information, understand local concerns, identify opportunities for collaboration, and develop sustainable community initiatives.
Local Employment and Economic Participation
Where technically and commercially feasible, GNL Guatemala S.A. will seek to create opportunities for qualified local workers and businesses to participate in the economic benefits generated by the Project.
The Company will support initiatives related to technical training, workforce development, local employment, local procurement, and participation of qualified small and medium-sized enterprises.
Our objective is to ensure that the Project’s contribution extends beyond energy generation and creates broader economic opportunities within its area of influence.
Government, Regulators and Public Institutions
The Company recognizes the essential role of Guatemalan national and local authorities, regulators, municipalities, port authorities, and other public institutions.
GNL Guatemala S.A. will maintain relationships with public institutions based on legality, transparency, professionalism, institutional respect, and cooperation.
The Company will seek to comply with applicable licenses, permits, environmental requirements, energy regulations, tax obligations, port and maritime requirements, and other legal and regulatory obligations applicable to its activities.
Environmental Rights and Responsibilities
The Company recognizes that protection of the environment is directly connected to the interests and well-being of many of its stakeholders.
GNL Guatemala S.A. will seek to prevent, minimize, mitigate, and appropriately manage environmental impacts associated with its activities, including impacts related to marine and coastal environments, biodiversity, emissions, water resources, waste, noise, land use, and construction activities.
Environmental performance will be monitored throughout the Project lifecycle in accordance with applicable regulations, permits, and the Company’s environmental-management requirements.
Access to Information and Transparency
GNL Guatemala S.A. believes that informed stakeholders are better positioned to participate constructively in the development of the Project.
Subject to legitimate requirements regarding commercial confidentiality, personal information, cybersecurity, contractual restrictions, and legally protected information, the Company will seek to provide relevant stakeholders with timely, accurate, understandable, and appropriate information regarding matters that materially affect them.
Transparency will form an important element of the Company’s approach to building and maintaining stakeholder confidence.
Stakeholder Engagement
Stakeholder engagement will be treated as a continuous management process rather than a one-time consultation exercise.
The Company will identify key stakeholders, assess their interests and potential concerns, determine appropriate methods of engagement, and maintain records of material commitments and issues requiring follow-up.
For significant Project activities, stakeholder engagement may be incorporated into a formal Stakeholder Engagement Plan, establishing responsibilities, communication channels, engagement frequency, and monitoring mechanisms.
Right to Raise Concerns and Grievances
Stakeholders should have appropriate channels through which they can raise legitimate concerns regarding the Company’s activities.
GNL Guatemala S.A. will establish accessible mechanisms for receiving and addressing grievances, complaints, ethical concerns, and other stakeholder issues.
Submissions will be documented, evaluated, referred to the appropriate responsible party, and followed through to resolution where reasonably possible.
The Company will seek to ensure that concerns raised in good faith are handled fairly, confidentially where appropriate, and without improper retaliation.
Human Rights
GNL Guatemala S.A. will conduct its activities with respect for internationally recognized principles concerning human dignity and fundamental rights, consistent with applicable Guatemalan legislation and the Company’s corporate policies.
The Company expects employees, contractors, suppliers, and business partners to maintain appropriate standards of conduct and will not knowingly tolerate practices such as forced labor, child labor, harassment, abuse, exploitation, or other serious violations of fundamental rights within activities under its control.
Ethics and Integrity
The rights of stakeholders cannot be effectively protected without a strong culture of integrity.
The Company’s business relationships and decisions will therefore be guided by principles of honesty, accountability, fairness, transparency, and compliance with applicable law.
Appropriate policies will address anti-bribery and corruption, conflicts of interest, gifts and hospitality, confidentiality, procurement integrity, and reporting of unethical conduct.
Data Protection and Confidentiality
Stakeholders who provide personal, commercial, technical, or confidential information to GNL Guatemala S.A. have a legitimate expectation that such information will be appropriately protected.
The Company will implement reasonable measures to safeguard confidential and personal information and will manage access according to applicable legal, contractual, and business requirements.
Stakeholders and Enterprise Risk Management
Stakeholder considerations will also form part of the Company’s Enterprise Risk Management (ERM) Framework.
Material stakeholder risks—including community relations, regulatory matters, contractor performance, workforce issues, environmental and social impacts, counterparty relationships, and reputational matters—will be identified, assessed, monitored, and managed through the Company’s established risk-management processes.
This integration ensures that stakeholder considerations become part of corporate decision-making rather than being managed independently from the Company’s broader business strategy.
Our Commitment
At GNL Guatemala S.A., protecting stakeholder rights means more than meeting minimum legal requirements. It means developing relationships based on trust, dialogue, accountability, mutual respect, and responsible performance.
Our objective is to create sustainable value for all stakeholders while developing infrastructure that contributes to Guatemala’s energy security, economic competitiveness, employment, and long-term development.
By integrating stakeholder rights into our Corporate Governance, Enterprise Risk Management, QESH, Corporate Social Responsibility, and operational-management systems, GNL Guatemala S.A. seeks to build a responsible and resilient LNG-to-Power business capable of creating lasting value for our shareholders, employees, customers, business partners, host communities, and Guatemala as a whole.