Ecopetrol SA

Common Name
Ecopetrol
Country
Colombia
Sector
Energy
Industry
Oil & Gas Integrated
Employees
N/A
Ticker
ECOPETROL
Exchange
BOLSA DE VALORES DE COLOMBIA

Ecopetrol's GHG Emissions Data Preview

In 2024, 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 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
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Verified Sources Behind Ecopetrol’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ecopetrol’s data sources below and access millions more through our Disclosure Search.

a. Ecopetrol's GHG Emissions Inventory 2024
a. Ecopetrol's GHG Emissions Inventory 2024
b. Ecopetrol's CDP Climate sourced from company’s website 2022
b. Ecopetrol's CDP Climate sourced from company’s website 2022

Insights into Ecopetrol's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Ecopetrol amounted to 12,365,614 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). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ecopetrol decreased by 0.3%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Ecopetrol's Scope 1 Emissions Over Time

201820192020202120222023202403.5 M7 M10.5 M14 MtCO2e+16%-2%-7%+1%-1%0%
  • Total Scope 1
  • Year-over-Year Change

What are Ecopetrol's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Ecopetrol were 11,817,213 metric tons of CO₂ equivalent (tCO₂e). a

Has Ecopetrol reduced its Scope 1 emissions over time?

Since 2018, Ecopetrol's Scope 1 emissions have increased by 5.79%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Ecopetrol's Scope 1 emissions remained relatively stable, indicating that Ecopetrol's emissions have plateaued with no significant change in its operational footprint. a

What are Ecopetrol's Scope 2 emissions?

In 2024, Ecopetrol reported Scope 2 greenhouse gas (GHG) emissions of 859,892 tCO₂e using the market-based method and 548,401 tCO₂e using the location-based method. a

Has Ecopetrol reduced its Scope 2 emissions over time?

Since 2018, Ecopetrol's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 97.71%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), 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. a

What methodology does Ecopetrol use for Scope 2 reporting?

In 2024, Ecopetrol reported its Scope 2 emissions using the market-based method and using the location-based method. a

Ecopetrol's Scope 2 Emissions Over Time

20182019202020212022202320240250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Ecopetrol's Value Chain Emissions

In 2024, Ecopetrol reported 151,117,258 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Ecopetrol includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Ecopetrol's Scope 3 Emissions Over Time

201920202021202220232024040 M80 M120 M160 MtCO2e-2%0%+7%+3%-3%
  • Total Scope 3
  • Year-over-Year Change

What are Ecopetrol's Scope 3 emissions?

In 2024, Ecopetrol reported total Scope 3 emissions of 151,117,258 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 5.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.68% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Ecopetrol's Scope 3 emissions remained relatively stable, indicating that Ecopetrol 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Ecopetrol disclose?

In 2024, Ecopetrol reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Ecopetrol's Scope 3 emissions?

In 2024, the largest contributors to Ecopetrol's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 142,056,821 tCO₂e (94%)
  • Purchased Goods and Services (Cat. 1): 7,984,322 tCO₂e (5.28%)
  • Other/Unspecified Sources: 1,076,114 tCO₂e (0.71%)

Ecopetrol's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(94.0%)Purchased Goods andServices (Cat. 1)(5.3%)

Insights into Ecopetrol's Total Carbon Footprint

In 2024, Ecopetrol reported a total carbon footprint of 163,482,872 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.38% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Ecopetrol's total carbon footprint was Scope 3 emissions, accounting for 92.44% of the company's total carbon footprint, followed by Scope 1 emissions at 7.23%. a

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