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 75% 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 significant contributions from Scope 3 emissions, which accounted for about 146,726,000,000 kg CO2e. Scope 1 emissions were approximately 13,159,000,000 kg CO2e, while Scope 2 emissions totalled around 500,000,000 kg CO2e. The combined Scope 1 and 2 emissions reached 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 operate within the context of the oil and gas industry, which is under increasing pressure to reduce greenhouse gas emissions and transition towards more sustainable practices. As such, Ecopetrol's commitment to addressing climate change remains critical in the face of global climate goals.
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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.
