- Physical risks (acute: extreme weather events; chronic: sea-level rise, warming, droughts).
- Transition risks (regulatory changes, market shifts, stranded assets, reputational risk, technological risk).
- Achieving competitiveness and resilience of Oil & Gas business in the face of energy transition.
ECOPETROL S.A.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, ECOPETROL S.A. disclosed greenhouse gas emissions of 172.5K ktCO2e (2022 Ecopetrol S.A. and subsidiaries). By scope: Scope 1: 13.2K ktCO2e (2022 Ecopetrol S.A.); Scope 2: 500 ktCO2e (2022, Ecopetrol S.A.); Scope 3: 146.7K ktCO2e (2022 Ecopetrol S.A.). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
172.5K ktCO2e (2022 Ecopetrol S.A. and subsidiaries)
2022
Renewable Energy
208 MW (end of 2022)
of total energy
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 13.2K ktCO2e (2022 Ecopetrol S.A.) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 500 ktCO2e (2022, Ecopetrol S.A.) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 146.7K ktCO2e (2022 Ecopetrol S.A.) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved a GHG emission reduction of 416,672 tCO2e in 2022 (exceeding the target by 59%).
- Cumulative reduction of 910,113 tons of CO2e between 2020 and 2022.
- Incorporated 208 MW of non-conventional renewable energy sources by the end of 2022.
- Cumulative energy demand optimization of 44.7 MW in electrical energy between 2018 and 2022, with savings of COP 158 billion and 138 thousand tons of CO2e avoided.
- Reduced routine flaring by more than 150 thousand tons of CO2e in 2022 through process optimization and gas use.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 407,040 tCO2e in 2023.
- Incorporate 900 MW of renewable energy by 2025.
- Reduce methane emissions by 45% by 2025 (direct operations).
📅 Medium-term
- Reduce scope 1 and 2 emissions by 25% by 2030 (2019 baseline).
- Reduce methane emissions by 55% by 2030 (direct operations).
- Reduce routine flaring to zero by 2030.
🔭 Long-term
- Achieve net-zero carbon emissions by 2050 (scopes 1 and 2).
- Generate at least 1 million tons of low-carbon hydrogen by 2040.
🌱 ESG Focus Areas
Climate ChangeEnergy TransitionDecarbonizationWater ManagementBiodiversityCircular EconomySocialGovernance