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Ecopetrol 

Ecopetrol is a publicly listed integrated oil and gas company headquartered in Colombia, with majority state ownership. In 2020, it had USD 14.61 billion in revenue and a reported 9,770 employees*. Ecopetrol has developed a decarbonisation plan with ambitious targets but continues to invest in oil and gas production and exploration, including in unconventional shale gas.

Ranking position
#23/100
Total score
17.4/100
Performance score
2.3/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

11.9 /100 #22

Intangible Investment

1.4 /100 #15

Sold products

0.0 /100 #55

Management

48.8 /100 #19

Supplier Engagement

26.3 /100 #18

Client Engagement

0.0 /100 #53

Policy Engagement

50.0 /100 #10

Business Model

10.0 /100 #27

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Ecopetrol receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company’s new emissions reduction targets may reverse its increasing emissions intensity trend between 2014 and 2019, provided the company reduces its reliance on nature-based offsets in the long term. However, there is no indication that the company is transitioning away from oil and gas extraction and, at present, the company does not demonstrate plans to incorporate low-carbon business activities into its product offerings.

Progress towards the Paris Agreement

More about the company

Headquarters
Bogota, Colombia
Group revenue
COP 50,026,561,000,000 (USD 14.61 billion)
Ownership structure
Publicly listed
Number of employees
9,770
Scope of activity
Integrated
Website
https://www.ecopetrol.com.co/wps/portal/Home/en