Geopark
Geopark Holdings Limited, commonly referred to as Geopark, is a prominent player in the oil and gas industry, headquartered in Colorado. Founded in 2002, the company has established a strong operational presence across Latin America, particularly in Colombia and Chile, where it focuses on exploration and production activities. Geopark is renowned for its commitment to sustainable practices and innovative exploration techniques, setting it apart in a competitive market. The company’s core services include oil and gas exploration, production, and development, with a notable emphasis on maximising resource potential while minimising environmental impact. With a reputation for operational excellence, Geopark has achieved significant milestones, including successful drilling campaigns and strategic acquisitions, solidifying its position as a leading independent oil and gas operator in the region.
DitchCarbon Score
How does Geopark'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 Crude Oil Extraction 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
Geopark's score of 32 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Geopark's reported carbon emissions
In 2023, Geopark reported total carbon emissions of approximately 4,856,949,000 kg CO2e in Colombia, with emissions distributed across various scopes: 157,187,000 kg CO2e (Scope 1), 46,581,000 kg CO2e (Scope 2), and a significant 4,653,181,000 kg CO2e (Scope 3). This reflects a comprehensive approach to emissions reporting, covering all relevant scopes. Geopark has set ambitious reduction targets, aiming to decrease its Scope 1 and 2 emissions intensity by 35% to 40% by 2025, using 2020 as a baseline. Additionally, the company plans to achieve a further reduction of 40% to 60% in emissions intensity by 2030. Long-term commitments include reaching net zero emissions for Scope 1 and 2 by 2050, underscoring their dedication to decarbonisation across all operations. These initiatives align with industry standards for climate action, demonstrating Geopark's proactive stance in addressing climate change and reducing its carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 355,153,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 125,000 | 000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,781,313,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Geopark is not participating in any 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.
