Ecopetrol SA
Ecopetrol's GHG Emissions Data Preview
In 2023, Ecopetrol completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Ecopetrol has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Ecopetrol's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Ecopetrol amounted to 12,927,441 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Ecopetrol increased by 0.68%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Ecopetrol's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ecopetrol's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Ecopetrol were 12,458,520 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Ecopetrol reduced its Scope 1 emissions over time?
Since 2018, Ecopetrol's Scope 1 emissions have increased by 11.53%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Ecopetrol's Scope 1 emissions remained relatively stable, indicating that Ecopetrol's emissions have plateaued with no significant change in its operational footprint.
What are Ecopetrol's Scope 2 emissions?
In 2023, Ecopetrol reported Scope 2 greenhouse gas (GHG) emissions of 468,921 tCOâ‚‚e using the location-based method.
Has Ecopetrol reduced its Scope 2 emissions over time?
Since 2018, Ecopetrol's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 69.05%, reflecting a rising long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Ecopetrol's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Ecopetrol 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Ecopetrol use for Scope 2 reporting?
In 2023, Ecopetrol reported its Scope 2 emissions using the location-based method.
Ecopetrol's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Ecopetrol's Value Chain Emissions
In 2023, Ecopetrol reported 152,963,989 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Ecopetrol includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Ecopetrol's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ecopetrol's Scope 3 emissions?
In 2023, Ecopetrol reported total Scope 3 emissions of 152,963,989 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 55.78% of these emissions originated from upstream activities such as purchased goods and capital goods, while 44.22% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), Ecopetrol's Scope 3 emissions remained relatively stable, indicating that Ecopetrol 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Ecopetrol disclose?
In 2023, Ecopetrol reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Ecopetrol's Scope 3 emissions?
In 2023, the largest contributors to Ecopetrol's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 6,422,421 tCOâ‚‚e (47.72%)
- Processing of Sold Products (Cat. 10): 5,951,993 tCOâ‚‚e (44.22%)
- Downstream Transportation and Distribution (Cat. 9): 757,534 tCOâ‚‚e (5.63%)
Ecopetrol's Scope 3 Emissions by Categories
Insights into Ecopetrol's Total Carbon Footprint
In 2023, Ecopetrol reported a total carbon footprint of 165,891,430 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Ecopetrol's total carbon footprint was Scope 3 emissions, accounting for 92.21% of the company's total carbon footprint, followed by Scope 1 emissions at 7.51%.