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 62% 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. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, the company has committed to long-term climate initiatives, having signed a Memorandum of Understanding (MOU) with the Colombian government in 2023 to mitigate climate change impacts, targeting reductions in both Scope 1 and Scope 2 emissions by 2050. In 2022, Parex Resources' emissions were approximately 180,136,440 kg CO2e for Scope 1, 634,570 kg CO2e for Scope 2, and 44,821,000 kg CO2e for Scope 3. The trend indicates a proactive stance towards managing and reducing emissions over the years, with a focus on sustainable practices in the mining and energy sectors. The company has not yet established Science-Based Targets Initiative (SBTi) reduction targets but is actively engaging in climate commitments that align with industry standards. The emissions data is not cascaded from any parent organization, ensuring that the figures reflect Parex Resources' own operational impact.
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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.
