Geopark Sustainability Profile
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 29 is higher than 60% 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 2024, Geopark reported total carbon emissions of approximately 4,358,009,000 kg CO2e, with emissions distributed across all three scopes: 182,618 kg CO2e (Scope 1), 81,008,000 kg CO2e (Scope 2), and 4,357,800,000 kg CO2e (Scope 3). This data reflects a significant reliance on Scope 3 emissions, which constitute the majority of their carbon footprint. For 2023, Geopark's emissions in Colombia were approximately 4,856,949,000 kg CO2e, with Scope 1 emissions at 157,187,000 kg CO2e and Scope 2 emissions at 46,581,000 kg CO2e. The company has set ambitious reduction targets, aiming to decrease Scope 1 and 2 emissions intensity by 35% to 40% by 2025, using 2020 as a baseline. Additionally, they plan to achieve a 40% to 60% reduction in emissions intensity by 2030 and aim for net zero Scope 1 and 2 emissions by 2050. Geopark's commitment to decarbonisation is central to their operations, as outlined in their sustainability reports. They are actively working towards these targets, which were publicly announced in November 2021. The emissions data and reduction initiatives are sourced directly from Geopark Limited, with no cascaded data from parent organisations.
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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 |
How Carbon Intensive is Geopark's Industry?
How Carbon Intensive is Geopark's Location?
Geopark's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Geopark has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
