Ecopetrol
Ecopetrol S.A., commonly referred to as Ecopetrol, is Colombia's largest petroleum company, headquartered in Bogotá. Founded in 1951, the company has established itself as a key player in the oil and gas industry, with significant operations across Colombia and in various international markets. Ecopetrol's core business areas include exploration, production, refining, and transportation of hydrocarbons, alongside the provision of petrochemical products. The company is renowned for its commitment to sustainable practices and innovation in energy solutions, positioning itself as a leader in the transition towards cleaner energy. With a strong market presence, Ecopetrol has achieved notable milestones, including becoming one of the largest companies in Latin America by revenue. Its dedication to operational excellence and environmental stewardship continues to drive its success in the competitive energy sector.
DitchCarbon Score
How does Ecopetrol'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 Petroleum Products 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
Ecopetrol's score of 39 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ecopetrol's reported carbon emissions
In 2022, Ecopetrol reported total carbon emissions of approximately 146,726,000,000 kg CO2e, with emissions distributed across various scopes: 13,159,000,000 kg CO2e from Scope 1, 500,000,000 kg CO2e from Scope 2, and a significant 146,726,000,000 kg CO2e from Scope 3. The Scope 3 emissions included 138,387,000,000 kg CO2e from the use of sold products and 6,949,000,000 kg CO2e from purchased goods and services. The total emissions from Scope 1 and 2 combined were about 13,727,000,000 kg CO2e. Ecopetrol has not publicly disclosed specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is self-reported and does not appear to be cascaded from a parent or related organization. The company continues to engage in climate-related disclosures, reflecting its commitment to transparency in emissions reporting. However, without specific reduction targets, the effectiveness of its climate strategy remains unclear.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,067,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 210,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Ecopetrol is participating in some 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.
