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 19 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Parex Resources's reported carbon emissions
In 2023, Parex Resources, headquartered in Canada, reported significant carbon emissions, totalling approximately 199,449,440 kg CO2e from Scope 1, 3,105,000 kg CO2e from Scope 2, and 4,347,406,190 kg CO2e from Scope 3 emissions. This reflects a continued trend in their emissions profile, with Scope 3 emissions being the most substantial contributor. Over the years, Parex has seen fluctuations in its emissions. For instance, in 2022, the company emitted about 180,136,440 kg CO2e from Scope 1, 634,570 kg CO2e from Scope 2, and 3,659,267,350 kg CO2e from Scope 3. The data indicates a growing trend in emissions, particularly in Scope 3, which includes emissions from the use of sold products. Despite the increasing emissions, there are currently no publicly disclosed reduction targets or initiatives from Parex Resources aimed at mitigating their carbon footprint. The absence of specific climate pledges or science-based targets suggests that the company may need to enhance its climate commitments to align with industry standards and expectations for sustainability. Overall, while Parex Resources continues to operate within the oil and gas sector, the lack of defined reduction strategies may pose challenges in addressing climate change effectively.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | 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.
Parex Resources is not committed to any reduction initiatives 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.
