Tecpetrol Sociedad Anónima
Tecpetrol Sociedad Anónima, commonly referred to as Tecpetrol, is a prominent player in the oil and gas industry, headquartered in Argentina. Established in 1997, the company has made significant strides in exploration and production, primarily operating in key regions such as Argentina, Bolivia, and Mexico. Specialising in the development of hydrocarbon resources, Tecpetrol is known for its innovative approaches to upstream activities, including oil and gas extraction and production optimisation. The company has achieved notable milestones, enhancing its market position through strategic partnerships and sustainable practices. With a commitment to operational excellence and environmental responsibility, Tecpetrol stands out for its advanced technologies and efficient resource management. This dedication has solidified its reputation as a reliable energy provider in the Latin American market.
DitchCarbon Score
How does Tecpetrol Sociedad Anónima'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 Edible Oils and Fats 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
Tecpetrol Sociedad Anónima's score of 21 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tecpetrol Sociedad Anónima's reported carbon emissions
In 2023, Tecpetrol Sociedad Anónima reported significant carbon emissions, totalling approximately 4,042,558,000 kg CO2e for Scope 1 and about 33,013,000 kg CO2e for Scope 2. This reflects a notable increase in emissions compared to 2022, where Scope 1 emissions were around 3,326,804,000 kg CO2e and Scope 2 emissions were approximately 58,001,000 kg CO2e. The company has established a comprehensive strategy to reduce greenhouse gas (GHG) emissions, particularly focusing on its operations in Argentina and Colombia, which account for over 80% of emissions in Exploration & Production (E&P). The Energy Transition Department, initiated in 2023, is tasked with identifying decarbonisation opportunities and executing relevant projects, aiming for reductions in both Scope 1 and Scope 2 emissions by 2025. Tecpetrol's commitment to climate action is underscored by its near-term targets, which include workshops to pinpoint GHG management initiatives and a strategic focus on reducing its carbon footprint across its operations. The company is actively working towards achieving net-zero emissions, although specific percentage reduction targets have not been disclosed. Overall, Tecpetrol's emissions data and climate commitments reflect a proactive approach to addressing climate change within the energy sector, aligning with industry standards for sustainability and environmental responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,773,872,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,700,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Tecpetrol Sociedad Anónima 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.
