Overall impact
B (64)

Commentary

Ecopetrol is a strong overall performer. With a 'B' rating of 64.3 for overall impact (72nd percentile compared to all companies), Ecopetrol ranks 1st out of 50 industry peers, ahead of Blueknight Energy Partners, Archrock, Holly Energy Partners and 46 others. On top material causes for Ecopetrol's industry (Oil & Gas), Ecopetrol performs well in Accountable Institutions (81.8 score), No Poverty (95.7), Fair Labor Practices (95.6) and 6 other causes where it received an 'A' score and performs poorly in Renewable Energy Growth (25.3 score), Reduced Green House Gas Emissions (27.5) and Sustainable Use of Natural Resources (15.7).
Impact
Cause EC
Peer rank
Overall impact

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Company
Founded
1951
Employees
19,659
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Sub-industry
Integrated Oil & Gas
SASB industry
Biofuels
Headquarters
Colombia
Share classes
EC
Description
Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Electric Power Transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels. The Refining and Petrochemicals segment refines and processes crude oil at the Barrancabermeja and Cartagena refineries; and distributes natural gas and LPG. The Electric Power Transmission and Toll Roads Concessions segment supplies electric power transmission and information technology and telecommunications services, as well as designs, develops, constructs, operates, and maintains road and energy infrastructure projects. The company operates in Colombia, the rest of South America and others, Asia, the United States, Central America and the Caribbean, and Europe. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.
Material causes
Ethos considers the following causes material for Ecopetrol, based on its industry sub-industry Integrated Oil & Gas. Learn more about material causes in our methodology overview.

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