Compania De Petroleos De Chile Copec S A Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Compania De Petroleos De Chile Copec S A's score of 54 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Compania De Petroleos De Chile Copec S A's reported carbon emissions
In 2024, Compania De Petroleos De Chile Copec S.A. reported total carbon emissions of approximately 11.8 billion kg CO2e. This figure includes Scope 1 emissions of about 1.8 billion kg CO2e, Scope 2 emissions of approximately 341.5 million kg CO2e, and Scope 3 emissions amounting to about 9.6 billion kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, with a target to achieve carbon neutrality in its Scope 1 and 2 emissions by 2030, while also aiming to reduce Scope 3 emissions by 21% by 2026. In 2023, Copec's total emissions were approximately 5.0 billion kg CO2e, with Scope 1 at about 1.7 billion kg CO2e, Scope 2 at approximately 346.1 million kg CO2e, and Scope 3 at around 2.9 billion kg CO2e. This indicates a significant increase in emissions from 2023 to 2024, highlighting the challenges the company faces in its climate commitments. Copec is part of a corporate family under Empresas Copec S.A., which influences its sustainability initiatives. The company is implementing a Carbon Footprint Management Plan aimed at reducing Scope 1 and 2 emissions by 40% compared to a business-as-usual scenario by 2030. Additionally, Copec has set a long-term goal to achieve net-zero greenhouse gas emissions by 2050, incorporating natural climate solutions into its strategy. Overall, Copec's emissions data and climate commitments reflect a proactive approach to addressing climate change, although the increase in emissions raises questions about the effectiveness of current strategies.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 627,491,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 53,543,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Compania De Petroleos De Chile Copec S A's Industry?
How Carbon Intensive is Compania De Petroleos De Chile Copec S A's Location?
Compania De Petroleos De Chile Copec S A's Scope 3 Categories Breakdown
Compania De Petroleos De Chile Copec S A's Scope 3 emissions, which increased by 223% last year and increased by approximately 240% since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 20% of Scope 3 emissions.
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Compania De Petroleos De Chile Copec S A's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Compania De Petroleos De Chile Copec S A has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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