{"id":688557,"date":"2022-09-23T17:56:15","date_gmt":"2022-09-23T21:56:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/"},"modified":"2022-09-23T17:56:15","modified_gmt":"2022-09-23T21:56:15","slug":"ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/","title":{"rendered":"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">BOGOT\u00c1, <span class=\"xn-location\">Colombia<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 23, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1528\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg\" title=\"Ecopetrol Logo. (PRNewsFoto\/Ecopetrol S.A.)\" alt=\"Ecopetrol Logo. (PRNewsFoto\/Ecopetrol S.A.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The disclosure of this second report is in line with international best practices, in which the recommendations issued by the Financial Stability Board&#8217;s <a href=\"https:\/\/www.fsb-tcfd.org\/\" target=\"_blank\" rel=\"nofollow noopener\">Task Force on Climate-Related Financial Disclosures<\/a> (<a href=\"https:\/\/www.fsb-tcfd.org\/\" target=\"_blank\" rel=\"nofollow noopener\">TCFD<\/a><a href=\"https:\/\/www.fsb-tcfd.org\/\" target=\"_blank\" rel=\"nofollow noopener\">)<\/a> are adopted as part of its disclosure policies.<\/p>\n<p>The full report can be viewed at the following link: <a href=\"https:\/\/www.ecopetrol.com.co\/wps\/portal\/Home\/en\/investors\/sustainability-reports\/sustainability-reports\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.ecopetrol.com.co\/wps\/portal\/Home\/en\/investors\/sustainability-reports\/sustainability-reports<\/a><\/p>\n<p>\n        <i>Ecopetrol is the largest company in <span class=\"xn-location\">Colombia<\/span> and one of the main integrated energy companies in the American continent, with more than 18,000 employees. In <span class=\"xn-location\">Colombia<\/span>, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA&#8217;s shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla &#8211; <span class=\"xn-location\">Cartagena<\/span> coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in <span class=\"xn-location\">the United States<\/span> (Permian basin and the <span class=\"xn-location\">Gulf of Mexico<\/span>), <span class=\"xn-location\">Brazil<\/span>, and <span class=\"xn-location\">Mexico<\/span>, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in <span class=\"xn-location\">Brazil<\/span>, <span class=\"xn-location\">Chile<\/span>, <span class=\"xn-location\">Peru<\/span>, and Bolivia, road concessions in <span class=\"xn-location\">Chile<\/span>, and the telecommunications sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol&#8217;s growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding the future of the company and their continued access to capital to finance the company&#8217;s business plan. The realization of said estimates in the future depends on the behavior of market conditions, regulations, competition, and the performance of the Colombian economy and the industry, among other factors, and are consequently subject to change without prior notice.<\/i>\n      <\/p>\n<p>\n        <i>This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company&#8217;s prospects for growth and its ongoing access to capital to fund the Company&#8217;s business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil &amp; gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company&#8217;s competitiveness and the performance of <span class=\"xn-location\">Colombia&#8217;s<\/span> economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.<\/i>\n      <\/p>\n<p>\n        <b>For more information, please contact: <\/b>\n      <\/p>\n<p>\n        <b>Head of Capital Markets <br \/><\/b><br \/>\n        <span class=\"xn-person\">Tatiana Uribe Benninghoff<\/span><br \/>\n        <br \/>Email: <a href=\"mailto:investors@ecopetrol.com.co\" target=\"_blank\" rel=\"nofollow noopener\">investors@ecopetrol.com.co<\/a><\/p>\n<p>\n        <b>Head of Corporate Communications<br \/><\/b>Mauricio T\u00e9llez<br \/>Email: <a href=\"mailto:mauricio.tellez@ecopetrol.com.co\" target=\"_blank\" rel=\"nofollow noopener\">mauricio.tellez@ecopetrol.com.co<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IN83159&amp;sd=2022-09-23\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd-301632479.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd-301632479.html<\/a><\/p>\n<p>SOURCE  Ecopetrol S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IN83159&amp;Transmission_Id=202209231752PR_NEWS_USPR_____IN83159&amp;DateId=20220923\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BOGOT\u00c1, Colombia, Sept. 23, 2022 \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. The disclosure of this second report is in line with international best practices, in which the recommendations issued by the Financial Stability Board&#8217;s Task Force on Climate-Related Financial Disclosures (TCFD) are adopted as part of its disclosure policies. The full report can be viewed at the following link: https:\/\/www.ecopetrol.com.co\/wps\/portal\/Home\/en\/investors\/sustainability-reports\/sustainability-reports Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688557","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BOGOT\u00c1, Colombia, Sept. 23, 2022 \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. The disclosure of this second report is in line with international best practices, in which the recommendations issued by the Financial Stability Board&#8217;s Task Force on Climate-Related Financial Disclosures (TCFD) are adopted as part of its disclosure policies. The full report can be viewed at the following link: https:\/\/www.ecopetrol.com.co\/wps\/portal\/Home\/en\/investors\/sustainability-reports\/sustainability-reports Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 &hellip; Continue reading &quot;Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-23T21:56:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)\",\"datePublished\":\"2022-09-23T21:56:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\\\/\"},\"wordCount\":568,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95646\\\/ecopetrol_s_a__logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\\\/\",\"name\":\"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/","og_locale":"en_US","og_type":"article","og_title":"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) - Market Newsdesk","og_description":"PR Newswire BOGOT\u00c1, Colombia, Sept. 23, 2022 \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. The disclosure of this second report is in line with international best practices, in which the recommendations issued by the Financial Stability Board&#8217;s Task Force on Climate-Related Financial Disclosures (TCFD) are adopted as part of its disclosure policies. The full report can be viewed at the following link: https:\/\/www.ecopetrol.com.co\/wps\/portal\/Home\/en\/investors\/sustainability-reports\/sustainability-reports Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 &hellip; Continue reading \"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-23T21:56:15+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)","datePublished":"2022-09-23T21:56:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/"},"wordCount":568,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd\/","name":"Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) - 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