SierraCol Energy
Enviroment
We protect the environment and promote the sustainable use of natural resources in our business operations. We are committed to achieving our carbon-neutral goals and adapting to climate change.
SierraCol Energy operations are developed in harmonic coexistence with the social and natural environment
Our environmental and energy transition efforts are based on rigorous work, monitoring, compliance with regulations, and close work with authorities to support a lower carbon business. Responsible water usage and waste management, biodiversity protection, and maximising resources’ value through a circular economy plan, while identifying and managing business risks and opportunities, have been our environmental approach.
OUR ENVIRONMENTAL PILLARS:
- Climate change
- Water management
- Circular economy
- Biodiversity
Climate
change
Climate
change
Taking action towards carbon neutrality
In SierraCol Energy, there is genuine concern about the effects of climate change.
- We strive to quantify, reduce and mitigate our emissions, and are committed to aligning our actions with the Paris Agreement and National Climate Change Policy by articulating efforts to address and manage climate change associated risks.
- We evaluate the climate risk and define plans to adapt our operations, seeking to reduce the vulnerability of our infrastructure and, to the extent possible, to our neighbouring communities.
- We are developing an organisational culture committed to climate change mitigation and adaptation.
Our carbon footprint performance
GHG Emissions
Thousand metric tons CO2e
GHG: greenhouse gases
COG GHG emissions were included from 2020
Scope 2 emissions were calculated and updated using the latest emission factor published in Resolution 320 2022 issued by the Colombian government’s Mining and Energy Planning Unit (UPME) and the latest version of the API Compendium
Carbon Intensity Trend
kg CO2e / boe
Net emissions and net carbon intensity include 387,920 MWh I-REC certificates redemption for 2022 and La Cira Infantas carbon credits transfers (70,298 tCO2e) for 2021.
Sustainability Frameworks
We align our operations and policies to
national
and
international frameworks.
Achieving excellence is not only about complying with legal requirements; it is essential to implement the highest standards and guidelines to enhance the processes and conduct our business ethically, transparently and efficiently.
On January 26, 2024, SierraCol received a low-risk rating from Sustainalytics, positioning it at rank 5 among over 300 companies in the oil and gas sector. This recognition underscores SierraCol's commitment to sustainable practices and highlights its ability to effectively manage environmental, social, and governance factors within its operations.
