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Parex Resources Inc., commonly referred to as Parex Resources, is a prominent player in the gas and diesel oil industry, with its headquarters based in Calgary, Canada. Since its founding in 2009, the company has established a strong presence in Latin America, particularly in Colombia, where it operates numerous upstream oil and gas assets.
Specialising in exploration, development, and production of hydrocarbons, Parex Resources is recognised for its focus on high-quality, low-cost assets that deliver reliable energy supplies. Its strategic approach and operational expertise have earned it a notable market position within the industry, making it a key contributor to North and South American energy markets.
48
DitchCarbon score
+30 vs industry average
Parex Resources’s score of 48 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
0.698
20182025
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Parex Resources's reported carbon emissions
Parex Resources: Carbon Emissions and Climate Commitments
Parex Resources, an oil and gas company headquartered in Canada, is actively reporting on its carbon emissions and climate commitments.
Latest Emissions Data:
2025:
- Total Emissions: Approximately 13.89 billion kg CO2e
- Scope 1: Approximately 210.14 million kg CO2e
- Scope 2: Approximately 4.56 million kg CO2e
- Scope 3: Approximately 12.52 billion kg CO2e
2024:
- Total Emissions: Approximately 24.11 billion kg CO2e
- Scope 1: Approximately 220.65 million kg CO2e
- Scope 2: Approximately 12.13 million kg CO2e
- Scope 3: Approximately 22.10 billion kg CO2e
2023:
- Total Emissions: Approximately 23.87 billion kg CO2e
- Scope 1: Approximately 202.30 million kg CO2e
- Scope 2: Approximately 3.18 million kg CO2e
- Scope 3: Approximately 23.67 billion kg CO2e
2022:
- Scope 1: Approximately 232.65 million kg CO2e
- Scope 2: Approximately 0.63 million kg CO2e
- Scope 3: Approximately 3.66 billion kg CO2e
2021:
- Scope 1: Approximately 158.32 million kg CO2e
- Scope 2: Approximately 0.18 million kg CO2e
- Scope 3: Approximately 29.57 million kg CO2e
2020:
- Scope 1 & 2: Approximately 140.87 million kg CO2e
2019:
- Scope 1 & 2: Approximately 190.49 million kg CO2e
2018:
- Scope 1: Approximately 125.35 million kg CO2e
- Scope 2: Approximately 0.10 million kg CO2e
- Scope 3: Approximately 37.08 million kg CO2e
2017:
- Scope 1: Approximately 80.78 million kg CO2e
- Scope 2: Approximately 0.10 million kg CO2e
- Scope 3: Approximately 35.06 million kg CO2e
Climate Commitments and Reduction Initiatives:
In 2023, Parex Resources signed a Memorandum of Understanding (MOU) with the Colombian government, a significant step for a mining and energy company, aimed at mitigating the impacts of climate change. This agreement encompasses a long-term commitment towards climate action, with the objective of achieving net-zero emissions by 2050, covering both Scope 1 and Scope 2 emissions.
Parex Resources is committed to reducing its environmental footprint and actively engages in reporting its emissions data across all scopes. The company's sustainability reports, accessible via its website, provide further details on its climate strategy and performance.
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Parex Resources’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Parex Resources9 days ago
48
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