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 87% 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 13,159,000,000 kg CO2e for Scope 1 and 500,000,000 kg CO2e for Scope 2, resulting in a combined total of about 13,727,000,000 kg CO2e for these two scopes. The company also disclosed Scope 3 emissions, which amounted to approximately 146,726,000,000 kg CO2e, primarily from the use of sold products (about 138,387,000,000 kg CO2e) and purchased goods and services (approximately 6,949,000,000 kg CO2e). In comparison, in 2021, Ecopetrol's emissions were approximately 13,256,000,000 kg CO2e for Scope 1 and 583,000,000 kg CO2e for Scope 2, leading to a total of about 14,011,000,000 kg CO2e for these scopes. The Scope 3 emissions for that year were around 137,794,000,000 kg CO2e. Ecopetrol has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The company is actively engaged in climate-related disclosures through CDP and CA100 initiatives, but no specific climate pledges have been noted. Overall, Ecopetrol's emissions data reflects its significant carbon footprint, particularly in Scope 3 emissions, which highlights the challenges faced by the oil and gas sector in addressing climate change.
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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.
