Ecopetrol Group presents its third specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)
Ecopetrol S.A., the largest company in Colombia and one of the leading integrated energy companies in the Americas, has recently published its third TCFD (Task Force on Climate-Related Financial Disclosures) report. This report highlights the significant progress made by Ecopetrol in strengthening its climate-related risk and opportunity management processes. By adopting the recommendations of the TCFD, Ecopetrol demonstrates its commitment to international best practices in disclosure policies.
The full report, which can be accessed on Ecopetrol’s website, provides comprehensive insights into the company’s discussions on Governance, Strategy, Risks, Metrics, and Targets. This transparent disclosure showcases Ecopetrol’s dedication to addressing climate-related challenges and seizing opportunities in a responsible and sustainable manner.
With over 18,000 employees, Ecopetrol plays a vital role in Colombia, responsible for more than 60% of the country’s hydrocarbon production. The company operates key transportation, logistics, and hydrocarbon refining systems, and holds leading positions in the petrochemicals and gas distribution segments. Additionally, Ecopetrol’s recent acquisition of 51.4% of ISA’s shares has expanded its involvement in energy transmission, real-time systems management (XM), and the Barranquilla – Cartagena coastal highway concession.
Internationally, Ecopetrol has established a presence in strategic basins across the Americas, with drilling and exploration operations in the United States (including the Permian basin and the Gulf of Mexico), Brazil, and Mexico. Through its subsidiaries, Ecopetrol is also a key player in the power transmission business in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and the telecommunications sector.
Ecopetrol’s commitment to sustainability and responsible business practices is evident in its efforts to manage climate-related risks and capitalize on opportunities. By aligning its disclosure policies with the TCFD recommendations, the company aims to ensure transparency and accountability in its operations. This approach not only benefits Ecopetrol but also contributes to the overall well-being of the communities it serves and the environment.
It is important to note that the statements made in this press release are forward-looking and subject to various factors that may cause actual results to differ from projections. Ecopetrol acknowledges the influence of market conditions, regulations, competition, and the performance of the Colombian economy and the industry on the realization of these estimates.
For further information, interested parties can reach out to Ecopetrol’s Head of Capital Markets, Daniel Hurtado Mendoza, or the Head of Corporate Communications, Marcela Ulloa. Their contact details are provided at the end of the press release.
Ecopetrol’s commitment to sustainable practices, its significant presence in Colombia’s energy sector, and its expanding international operations position the company as a key player in the global energy landscape. With its focus on climate-related risk management and responsible growth, Ecopetrol continues to demonstrate its dedication to a sustainable and prosperous future.