Termocandelaria Power S.A. Sustainability Profile
Termocandelaria Power S.A., commonly referred to as Termocandelaria, is a prominent player in the energy sector, headquartered in Colombia. Established in 1997, the company has made significant strides in the generation of thermal energy, primarily serving the Colombian market and contributing to the nation’s energy stability. Specialising in the production of electricity through efficient thermal power plants, Termocandelaria stands out for its commitment to sustainability and innovation. The company operates several key facilities, utilising advanced technology to optimise energy output while minimising environmental impact. With a strong market position, Termocandelaria Power S.A. has achieved notable milestones, including recognition for its operational excellence and contributions to Colombia's energy landscape. As a leader in the thermal energy industry, the company continues to play a vital role in meeting the growing energy demands of the region.
DitchCarbon Score
How does Termocandelaria Power S.A.'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 Electricity Transmission 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
Termocandelaria Power S.A.'s score of 29 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Termocandelaria Power S.A.'s reported carbon emissions
In 2023, Termocandelaria Power S.A. reported significant carbon emissions, totalling approximately 4,000,000,000 kg CO2e. This figure includes 162,982,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 14,428,000 kg CO2e from Scope 2 emissions. The company also reported a substantial 3,834,809,000 kg CO2e in Scope 3 emissions, indicating a considerable impact from its value chain activities. Comparatively, in 2022, the company’s emissions were slightly lower, with total emissions of about 4,000,000,000 kg CO2e, comprising 169,207,250 kg CO2e from Scope 1 and 12,927,000 kg CO2e from Scope 2, alongside 3,952,039,150 kg CO2e from Scope 3. This trend suggests a relatively stable emission profile over the two years. Despite these figures, Termocandelaria Power S.A. has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s climate strategy appears to be in the early stages, with no formal pledges or initiatives reported. Overall, while Termocandelaria Power S.A. has substantial emissions, the lack of defined reduction strategies highlights an area for potential improvement in their climate commitments.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 138,474,830 | 000,000,000 | 000,000,000 |
| Scope 2 | 8,804,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,702,529,970 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Termocandelaria Power S.A.'s Industry?
How Carbon Intensive is Termocandelaria Power S.A.'s Location?
Termocandelaria Power S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Termocandelaria Power S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
