Gran Tierra Energy Sustainability Profile
Gran Tierra Energy Inc., a prominent player in the oil and gas industry, is headquartered in Calgary, Alberta (CA). Founded in 2003, the company has established a strong operational presence in Colombia and Ecuador, focusing on exploration and production activities. Gran Tierra is renowned for its commitment to sustainable practices and efficient resource management, setting it apart in a competitive market. The company’s core services include oil exploration, production, and development, with a particular emphasis on enhancing recovery techniques. Gran Tierra Energy has achieved significant milestones, including successful drilling campaigns and strategic acquisitions that have bolstered its market position. With a dedication to innovation and environmental stewardship, Gran Tierra continues to make strides in the energy sector, positioning itself as a leader in responsible oil production.
DitchCarbon Score
How does Gran Tierra Energy'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 Electricity from Other Sources 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
Gran Tierra Energy's score of 22 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gran Tierra Energy's reported carbon emissions
In 2023, Gran Tierra Energy reported total carbon emissions of approximately 450,519,000 kg CO2e. This figure includes 273,975,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 176,544,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The combined Scope 1 and 2 emissions totalled 450,519,000 kg CO2e, resulting in an emissions intensity of about 32,020 kg CO2e per barrel of oil equivalent (BOE). Comparatively, in 2022, the company reported total emissions of approximately 392,374,000 kg CO2e, with Scope 1 emissions at 258,406,000 kg CO2e and Scope 2 emissions at 133,968,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Gran Tierra Energy has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not report Scope 3 emissions, which would include indirect emissions from the value chain. Additionally, there are no climate pledges or SBTi (Science Based Targets initiative) commitments noted in their disclosures. Overall, Gran Tierra Energy's emissions data reflects a growing trend in carbon output, highlighting the need for enhanced climate strategies and commitments in the future.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 590,240,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Gran Tierra Energy's Industry?
How Carbon Intensive is Gran Tierra Energy's Location?
Gran Tierra Energy'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.
Gran Tierra Energy 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.
