Ecopetrol publishes draft chapter on social and environmental issues, including climate, for the year 2024

Rhea-AI Summary

Ecopetrol (NYSE: EC) has published a draft chapter detailing its social and environmental practices, policies, processes, and indicators, including climate-related matters, in compliance with External Circular 031 of 2021 from Colombia's Superintendency of Finance. The document is available in Spanish on Ecopetrol's website.

As Colombia's largest company and a major integrated energy player in the Americas, Ecopetrol controls over 60% of Colombia's hydrocarbon production and logistics systems. The company maintains significant positions in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management. Internationally, the company operates in strategic basins across the Americas, including the Permian basin and Gulf of Mexico in the US, Brazil, and Mexico.

Positive

• Controls 60%+ of Colombia's hydrocarbon production and logistics
• Strategic presence in multiple American markets through drilling operations
• Diversified portfolio including energy transmission through 51.4% ISA stake

Negative

• None.

BOGOTA, Colombia, March 7, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with External Circular 031 of 2021 issued by the Superintendency of Finance of Colombia, it has published the draft chapter on practices, policies, processes and indicators related to social and environmental issues, including climate, which can be consulted in Spanish on Ecopetrol's website.

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. 

For more information, please contact:

Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co 

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 

 

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SOURCE Ecopetrol S.A.

FAQ

What environmental disclosure has Ecopetrol (EC) published for 2024?

Ecopetrol has published a draft chapter on social and environmental practices, policies, processes, and indicators, including climate-related matters, available in Spanish on their website.

What percentage of Colombia's hydrocarbon production does Ecopetrol control?

Ecopetrol controls more than 60% of Colombia's hydrocarbon production, transportation, logistics, and refining systems.

What is Ecopetrol's ownership stake in ISA?

Ecopetrol owns 51.4% of ISA's shares, giving it control over energy transmission and infrastructure management operations.

In which international markets does Ecopetrol (EC) operate?

Ecopetrol operates in strategic basins across the Americas, including the Permian basin and Gulf of Mexico (US), Brazil, and Mexico, with additional presence through ISA in Chile, Peru, and Bolivia.