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 carbon emissions of approximately 4,042,558,000 kg CO2e for Scope 1 and about 33,013,000 kg CO2e for Scope 2. This reflects a commitment to reducing greenhouse gas emissions, particularly in their operations in Argentina and Colombia, which account for over 80% of emissions in Exploration & Production (E&P). The company has established a near-term strategy targeting reductions in both Scope 1 and Scope 2 emissions, with initiatives led by their Energy Transition Department. This department is focused on identifying decarbonisation opportunities and executing relevant projects, aiming to lower the carbon footprint across various companies within the Techint Group. These efforts are set to take place from 2023 to 2025. In previous years, Tecpetrol's emissions have shown a decreasing trend, with Scope 1 emissions of approximately 3,485,793,000 kg CO2e in 2021 and 3,626,000,000 kg CO2e in 2020. The company continues to work towards its climate commitments, emphasising the importance of GHG management initiatives to achieve significant reductions in their overall emissions profile.
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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.
