RTTNews | Mar 25, 2021 07:55AM EDT

07:54 Thursday, March 25, 2021 (RTTNews.com) - Ecopetrol S.A. (EC) announced Thursday a plan to achieve net zero carbon emissions by 2050, in line with its commitment to mitigate climate change and further the energy transition and its "TESG" agenda.

By 2030, Ecopetrol seeks to reduce its CO2e emissions by 25% as compared to the 2019 baseline for Scopes 1 and 2, which correspond to direct and indirect emissions associated with the purchase of energy.

In addition, Ecopetrol will seek to reduce 50% of its total emissions (scopes 1, 2 and 3) associated with the company's value chain, which includes the use of its products, by 2050.

The development of the goals proposed is a part of the Ecopetrol Group's Corporate Strategy and energy transition roadmap.

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