Public Profile

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.

27

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.

12

Industry Benchmark

Parex Resources's score of 27 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.

89%

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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 address climate change impacts. This agreement positions Parex as a proactive player in the mining and energy sectors, with long-term reduction targets set for both Scope 1 and Scope 2 emissions, aiming for net-zero emissions by 2050. In 2022, Parex's emissions were recorded at 180,136,440 kg CO2e for Scope 1, 634,570 kg CO2e for Scope 2, and 44,821,000 kg CO2e for Scope 3. The company has consistently disclosed emissions across all three scopes, demonstrating transparency in its environmental impact. Overall, Parex Resources is committed to reducing its carbon footprint and enhancing sustainability practices, aligning with industry standards and climate action goals.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Parex Resources's primary industry is Gas/Diesel Oil, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Parex Resources is in CA, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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