Compania De Petroleos De Chile Copec S.A., commonly known as Copec, is a leading player in the energy sector, headquartered in Santiago, Chile. Founded in 1934, Copec has established itself as a prominent provider of fuel and energy solutions, primarily operating across Chile and extending its reach into Peru and Colombia. The company is renowned for its extensive network of service stations and its commitment to delivering high-quality petroleum products, including gasoline, diesel, and lubricants. Copec's innovative approach to sustainability and customer service has positioned it as a market leader, consistently achieving notable milestones in operational efficiency and environmental responsibility. With a strong focus on growth and diversification, Copec continues to shape the energy landscape in South America.
How does Compania De Petroleos De Chile Copec S A's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Compania De Petroleos De Chile Copec S A's score of 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Compania De Petroleos De Chile Copec S.A. reported total carbon emissions of approximately 4,000,000,000 kg CO2e, comprising 1,691,713,000 kg CO2e from Scope 1, 346,102,000 kg CO2e from Scope 2, and 2,977,824,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting across all scopes. Copec has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions by 2050. This long-term goal encompasses all scopes of emissions, including significant elements of Scope 3, and is supported by a science-based plan that incorporates natural climate solutions. In the near term, Copec has pledged to reduce Scope 1 and Scope 2 emissions by 1,000,000 tonnes CO2e each by 2030, compared to 2019 levels. Additionally, they aim to decrease their Scope 2 carbon footprint in Colombia by 10% relative to 2020 figures. These initiatives demonstrate Copec's proactive approach to addressing climate change and reducing their carbon footprint, aligning with industry standards and global climate goals.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Compania De Petroleos De Chile Copec S A is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.