Parex Resources
Parex Resources Inc., a prominent player in the oil and gas industry, is headquartered in Calgary, Canada. Founded in 2009, the company has established a strong operational presence in Colombia, focusing on exploration and production activities. Parex is renowned for its commitment to sustainable practices and efficient resource management, setting it apart in a competitive market. The company primarily engages in the exploration and development of oil reserves, with a portfolio that includes several high-quality assets. Parex Resources has achieved significant milestones, including consistent production growth and strategic acquisitions that enhance its market position. With a reputation for operational excellence and a focus on maximising shareholder value, Parex continues to be a key contributor to the energy sector in Latin America.
DitchCarbon Score
How does Parex Resources'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 Gas/Diesel Oil 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
Parex Resources's score of 27 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parex Resources's reported carbon emissions
In 2023, Parex Resources reported total carbon emissions of approximately 199,449,440 kg CO2e for Scope 1, 3,104,540 kg CO2e for Scope 2, and 35,800,480 kg CO2e for Scope 3 emissions. The company has made significant strides in its climate commitments, notably signing a Memorandum of Understanding (MOU) with the Colombian government in 2023 to mitigate climate change impacts, with a long-term goal of achieving net-zero emissions by 2050 for both Scope 1 and Scope 2 emissions. Over the past few years, Parex has demonstrated a commitment to reducing its carbon footprint. In 2022, the company reported Scope 1 emissions of about 180,136,440 kg CO2e, Scope 2 emissions of 634,570 kg CO2e, and Scope 3 emissions of approximately 44,821,000 kg CO2e. This indicates a proactive approach to managing and reducing emissions across all scopes. The emissions data reflects a comprehensive disclosure of emissions across all three scopes, with detailed reporting on categories such as business travel, use of sold products, and upstream transportation. Parex Resources is committed to transparency and accountability in its sustainability efforts, aligning with industry standards and best practices.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 80,781,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 103,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 35,064,670 | 00,000,000 | 00,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Parex Resources 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.
