Parex Resources
Parex Resources Inc., a prominent player in the oil and gas industry, is headquartered in Calgary, Canada. Founded in 2009, the company has established a strong operational presence in Colombia, focusing on exploration and production activities. Parex is renowned for its commitment to sustainable practices and efficient resource management, setting it apart in a competitive market. The company primarily engages in the exploration and development of oil reserves, with a portfolio that includes several high-quality assets. Parex Resources has achieved significant milestones, including consistent production growth and strategic acquisitions that enhance its market position. With a reputation for operational excellence and a focus on maximising shareholder value, Parex continues to be a key contributor to the energy sector in Latin America.
DitchCarbon Score
How does Parex Resources's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Parex Resources's score of 27 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parex Resources's reported carbon emissions
In 2023, Parex Resources reported total carbon emissions of approximately 199,449,440 kg CO2e from Scope 1, 3,104,540 kg CO2e from Scope 2, and 35,800,480 kg CO2e from Scope 3 emissions. The company has made significant strides in its climate commitments, notably signing a Memorandum of Understanding (MOU) with the Colombian government in 2023 to address climate change impacts. This agreement positions Parex as a proactive player in the mining and energy sectors, aiming for long-term reductions in both Scope 1 and Scope 2 emissions by 2050. Over the past few years, Parex has demonstrated a commitment to reducing its carbon footprint. For instance, in 2022, the company reported Scope 1 emissions of about 180,136,440 kg CO2e, and Scope 2 emissions of approximately 634,570 kg CO2e, indicating a focus on improving operational efficiencies and reducing greenhouse gas emissions. The company has disclosed emissions across all three scopes, showcasing transparency in its reporting. As part of its ongoing efforts, Parex is dedicated to achieving net-zero emissions by 2050, aligning with global climate goals and industry standards.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 80,781,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 103,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 35,064,670 | 00,000,000 | 00,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Parex Resources is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
