Terpel

Terpel's Climate Commitments and Carbon Emissions

Terpel, a company operating in the Gasoline Type Jet Fuel industry with headquarters in Colombia, has outlined significant climate commitments, aiming for carbon neutrality by 2050 across all scopes.

Emissions Overview

In 2023, Terpel reported approximately 92.6 million kg CO2e in total greenhouse gas emissions. This figure comprises:

• Scope 1: Approximately 55.6 million kg CO2e
• Scope 2: Approximately 8.0 million kg CO2e
• Scope 3: Approximately 29.0 million kg CO2e

Earlier data shows a reduction in total emissions from 2021 to 2023. In 2022, total emissions were approximately 106.5 million kg CO2e, with Scope 1 at 3.1 million kg CO2e, Scope 2 at 9.8 million kg CO2e, and Scope 3 at 93.6 million kg CO2e. In 2021, total emissions were approximately 174.3 million kg CO2e, with Scope 1 at 2.6 million kg CO2e, Scope 2 at 14.6 million kg CO2e, and Scope 3 at 157.1 million kg CO2e.

Climate Targets and Initiatives

Terpel's overarching climate strategy includes the following key targets:

• Carbon Neutrality by 2050: The company aims to achieve carbon neutrality across Scope 1 and Scope 2 emissions by 2050.
• Absolute Emissions Reduction by 2030: Terpel has committed to reducing its greenhouse gas emissions by 50% by 2030, using a 2019 baseline. This target applies to Scope 1 emissions.
• Absolute Emissions Reduction by 2030 (Scope 2): A 50% reduction in Scope 2 emissions is also targeted by 2030, based on the 2019 baseline.
• Greenhouse Gas (GHG) Emissions Reduction: Terpel aims for a 10% reduction in GHG emissions by 2025.

These emissions data and reduction targets are inherited from its corporate family, specifically from Organización Terpel S.A., where Terpel is a current subsidiary (cascade level 3).