Ecopetrol S.A., a leading player in the non-specified petroleum products industry, is headquartered in Bogotá, Colombia. Founded in 1951, the company has established itself as a cornerstone of Colombia's energy sector, with significant operations across the country and in various international markets.
Ecopetrol's core business areas include exploration, production, refining, and distribution of oil and gas, alongside the development of renewable energy initiatives. The company is renowned for its commitment to sustainability and innovation, setting it apart in a competitive landscape.
With a strong market position, Ecopetrol has achieved notable milestones, including becoming one of the largest companies in Latin America by revenue. Its diverse portfolio of products and services, combined with a focus on environmental responsibility, underscores its role as a key player in the global energy transition.
+30 vs industry average
Ecopetrol’s score of 41 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Petroleum Products is among the most carbon-intensive industries
Industry performance
The Petroleum Products industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ecopetrol's reported carbon emissions
Ecopetrol, a Non-specified Petroleum Products company headquartered in Colombia (CO), has established significant climate commitments and reported its carbon emissions.
Emissions Data:
For 2025, Ecopetrol reported Scope 3 emissions totalling approximately 146 billion kg CO2e, with the use of sold products accounting for about 137.24 billion kg CO2e and purchased goods and services contributing approximately 7.3 billion kg CO2e. Scope 1 and 2 emissions for 2025 were approximately 12.2 billion kg CO2e.
In 2024, total Scope 3 emissions were approximately 152 billion kg CO2e, while Scope 1 and 2 emissions were approximately 13.2 billion kg CO2e.
Previous years show the following:
- 2023: Scope 3 emissions were approximately 155 billion kg CO2e, with Scope 1 and 2 emissions at approximately 13.2 billion kg CO2e.
- 2022: Scope 3 emissions were approximately 152 billion kg CO2e, and Scope 1 and 2 emissions were approximately 12.7 billion kg CO2e.
- 2021: Scope 1 emissions were approximately 12.5 billion kg CO2e, Scope 2 emissions were about 583.4 million kg CO2e, and Scope 3 emissions were approximately 138.5 billion kg CO2e.
- 2020: Scope 1 emissions were approximately 12.7 billion kg CO2e, Scope 2 emissions were about 866 million kg CO2e, and Scope 3 emissions were approximately 140.8 billion kg CO2e.
- 2019: Scope 3 emissions were approximately 144 billion kg CO2e, with Scope 1 and 2 emissions at approximately 14 billion kg CO2e.
- 2018: Scope 1 emissions were approximately 11.17 billion kg CO2e, and Scope 2 emissions were about 429 million kg CO2e.
- 2017: Scope 1 emissions were approximately 10.8 billion kg CO2e, and Scope 2 emissions were about 408 million kg CO2e.
- 2016: Scope 1 emissions were approximately 8.7 billion kg CO2e, and Scope 2 emissions were about 379 million kg CO2e.
- 2015: Scope 1 emissions were approximately 7.83 billion kg CO2e, and Scope 2 emissions were about 245 million kg CO2e.
- 2014: Scope 1 emissions were approximately 7.4 billion kg CO2e, and Scope 2 emissions were about 227 million kg CO2e.
- 2013: Scope 1 emissions were approximately 7.75 billion kg CO2e, and Scope 2 emissions were about 244 million kg CO2e.
- 2012: Scope 1 emissions were approximately 7.27 billion kg CO2e, and Scope 2 emissions were about 261 million kg CO2e.
- 2011: Scope 1 emissions were approximately 7.07 billion kg CO2e, and Scope 2 emissions were about 210 million kg CO2e.
- 2010: Scope 1 emissions were approximately 5.54 billion kg CO2e, and Scope 2 emissions were about 188 million kg CO2e.
- 2009: Scope 1 emissions were approximately 5.71 billion kg CO2e, and Scope 2 emissions were about 167 million kg CO2e.
Climate Commitments and Reduction Targets:
Ecopetrol has set ambitious targets to reduce its greenhouse gas emissions. Key commitments include:
- Achieving net-zero carbon emissions by 2050 for Scopes 1 and 2.
- Reducing Scope 1 and 2 CO2e emissions by 25% by 2030, compared to a 2019 baseline.
- Reducing total emissions (Scopes 1, 2, and 3) by 50% by 2050.
- Additionally, there is a commitment to reduce the carbon intensity (CII) of energy sold to the final customer by 15% to 20% by 2030, relative to 2019.
- Another target aims to reduce Scope 1 and 2 CO2e emissions by 55% by 2030, compared to 2019, focusing on industrial operations.
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Ecopetrol’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Ecopetrol
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