Ecopetrol S.A.

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Ecopetrol (formerly Empresa Colombiana de Petróleos) performs crude oil and natural gas exploration, production, refining, and transportation. The largest company in Colombia and one of the largest integrated oil firms in Latin America, Ecopetrol has two large refineries (Barrancabermeja and Cartagena) strategically located to supply the domestic market and to export oil and oil products to the southern US. Ecopetrol explores for oil and gas across Colombia, and is expanding internationally through exploration partnerships in Brazil, Peru, and the US Gulf of Mexico. In 2010 the company reported proved reserves of more than 1.6 billion barrels of oil equivalent.

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3.08

Overall Excellence Rating

Industry

Gas & Mining, Oil

Category

Manufacturing

ESG/Ethical Impact

5 major drivers of biodiversity loss. Land use change refers to the transformation of natural ecosystems by agriculture, deforestation, and urbanization. It is important to acknowledge that 40% of the country’s surface has undergone a severe transformation. Direct overexploitation of species: it is the depletion of wild fauna and flora that is used as a natural resource, in fisheries, forest use, and collection of wild products. Biological invasions: are produced by the introduction of wild or domesticated species in spaces outside their original distribution. They produce devastating effects on islands, and fragile ecosystems, and threaten to homogenize the flora and fauna around the world. Water and soil pollution: occurs through the dumping of polluting substances or those that alter the natural conditions of ecosystems; they can generate local and regional impacts on biodiversity that would contribute to the global collapse of populations and species. Climate change: Climate stresses on ecological systems are already observed, with regards to changes in the distribution or integrity of populations of fauna and flora. If it continues, climate change could become the main driver of biodiversity loss, as it triggers other direct drivers.

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Awards Received

2023

Revenues

1.71828E+11

Website Traffic

Employee Rating

4.1

Customer Rating

4.3

Company Size

5000-10000

ESG Risk Rating

2

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