Ecopetrol presents its fourth report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

Ecopetrol (NYSE: EC) has released its fourth TCFD report detailing climate change management developments from 2023 through H1 2024.

Rhea-AI Summary

Ecopetrol (NYSE: EC) has released its fourth TCFD report detailing climate change management developments from 2023 through H1 2024. The report follows Financial Stability Board's Task Force recommendations, focusing on Governance, Strategy, Risks, and Metrics and Targets.

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. The company has expanded its presence through a 51.4% stake in ISA, gaining positions in energy transmission across Brazil, Chile, Peru, and Bolivia. Ecopetrol also maintains strategic operations in the US Permian basin and Gulf of Mexico, and Brazil.

Argus Session date unavailable

+0.37% session move Open Argus

Details

News Market Reaction – EC

The recorded move for EC in the trading session of this news was +0.37%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BOGOTA, Colombia, Nov. 20, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") reports that it has published its fourth TCFD report covering developments from 2023 and the first half of 2024. The report highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets.

Consistent with international best practices, Ecopetrol has published this fourth report following the recommendations issued by the Financial Stability Board's Task Force on Climate-Related Financial Disclosures (TCFD) and its market disclosure policies. The full report can be viewed at the following link:

https://www.ecopetrol.com.co/wps/portal/Home/tesg/reports-standards/reports

-----------------------------------------

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, 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.

For more information, please contact:

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

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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-presents-its-fourth-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd-302311616.html

SOURCE Ecopetrol S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is included in Ecopetrol's (EC) 2024 TCFD climate report?

Ecopetrol's fourth TCFD report covers climate change management developments from 2023 and first half of 2024, focusing on Governance, Strategy, Risks, and Metrics and Targets.

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

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

What is Ecopetrol's (EC) ownership stake in ISA?

Ecopetrol owns 51.4% of ISA's shares, which gives the company positions in energy transmission across Brazil, Chile, Peru, and Bolivia.

Where are Ecopetrol's (EC) international operations located?

Ecopetrol operates internationally in the United States (Permian basin and Gulf of Mexico), Brazil, and through ISA in Brazil, Chile, Peru, and Bolivia.