Better Health for All

Ecopetrol's core business, oil and gas, causes severe, widespread health damage through pollution. The company has polluted hundreds of sites with oil, including water sources and biodiverse wetlands.

, with hundreds of oil spills occurring annually since 2020. As of January 2019, 839 "unresolved environmental impacts" were listed. Pollution from oil production degrades the Magdalena river basin. , impacting communities with contaminated water and fish. The company was fined COP 3,667,409,150 in 2021 for environmental concerns, including building locations too close to water preservation areas. Leaked data indicates Ecopetrol failed to report about a fifth of its polluted sites between 1989 and 2018. For its employees and their families, Ecopetrol provides an individual psychosocial intervention strategy, covering 1,277 workers in 2022. , and an individual assistance strategy for 1,126 leaders. The company's wellness pulse question score improved from 68 to 73 points in 2022. The company's products do not have direct health implications or addiction potential, and it does not offer health-related products or services requiring accessibility or clinical trial ethics considerations.

Fair Money & Economic Opportunity

Ecopetrol S.A. is primarily an integrated oil and gas company, and its core business does not involve providing lending, insurance, or deposit services to consumers. While the company's foundation manages a micro-credit portfolio of $88.483 billion in 2024

, the provided articles do not contain specific financial metrics required by the rubric for assessing fair money and economic opportunity. There is no data on the company's total customer base for financial services, nor a total loan/insurance book to calculate a 'share' for inclusion initiatives. Consequently, there is no direct evidence to score KPIs such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth-building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for financial services, or product simplicity for financial products.

Fair Pay & Worker Respect

Ecopetrol S.A. reported a Total Recordable Incident Rate (TRIR) of 0.02 in 2023

, with no fatalities related to workplace accidents among its own employees or contracting company employees , nor any fatalities from occupational disease for its own employees in 2021 . In 2022, 77.7% of Ecopetrol S.A. workers were covered by a collective bargaining agreement . The lowest defined monthly salary at Ecopetrol in 2022 was 132% more than the legal minimum salary . The average wage difference between men and women was 2.1% in 2022 . Employee satisfaction, based on an employee rating, was 84%. No substantiated labor law or human rights violations were found. A fine imposed by the Ministry of Labor on Ecopetrol was revoked in August 2021 , and a labor complaint for harassment is awaiting a second hearing , but is not yet substantiated.

Fair Trade & Ethical Sourcing

Ecopetrol requires at least one annual audit for contracts exceeding six months and classified as Medium, High, or Very High HSE Risk.

The company reported no cases of forced or compulsory labor and no risks of child labor incidents in its own operations or supply chain in 2022, supported by extensive human rights assessments, due diligence, and labor verifications. For suppliers requiring corrective action plans, the maximum period for completing suggested actions is one month (30 days). More than 99% of suppliers completed compliance formats, which are an essential part of their contracts, covering ethics, transparency, and compliance. Additionally, 70% of goods and services were contracted locally by Ecopetrol and its suppliers.

Honest & Fair Business

Ecopetrol demonstrates strong performance in anti-corruption and transparency. Its anti-corruption policies and procedures received a 100% rating from the United Nations Global Compact initiative, signifying a globally recognized gold standard

. The company also achieved the highest possible score of 100 points in Business Ethics in the Dow Jones Sustainability Index (DJSI) , and was rated at the optimum level in Transparency for Colombia's Corporate Management of Corruption Risks . Ecopetrol has a formal whistleblower protection policy emphasizing anonymity, confidentiality, and no retaliation , with its ethics hotline receiving 1,033 concerns and inquiries in 2022 , though there is no explicit evidence of independent investigation processes for these concerns.

Kind to Animals

Ecopetrol is an oil and gas company. The provided articles do not contain any information regarding cruelty-free certifications, alternative testing methods, humane certifications for animal operations, ethical substitution of animal-derived ingredients, animal-related supplier audits, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare. Therefore, these KPIs are scored as N/A. While the company reports on various conservation initiatives, including planting 8,855,669 trees by 2024

and designating 20 Ecoreserves covering 15,583 hectares, the articles do not provide the percentage of revenue invested in these efforts, which is required by the rubric for scoring the wildlife conservation impact KPI, leading to its omission.

No War, No Weapons

Ecopetrol's core business is the exploration, development, production, transportation, refining, and marketing of crude oil and natural gas, with 88% of its 2022 EBITDA derived from hydrocarbons.

No evidence indicates any revenue from arms or defense contracts, exposure to controversial weapons, or defense-related assets requiring divestment.

Planet-Friendly Business

Ecopetrol's waste recovery rate was 36% in 2024.

The company has conserved 400,000 hectares, planted 12 million trees, and designated 30 ecoreserves, claiming 100% wild species conservation. It also has a policy to not operate in IUCN categories I-IV protected areas or UNESCO World Heritage areas. A formal policy strictly prohibits activities contributing to deforestation, and the company is working to involve its supply chain in a Net Zero Deforestation Goal, committed to the Intersectoral Pact for Legal Wood in Colombia. However, between 2010 and 2016, Ecopetrol caused over 600 major environmental damages, concealing about 20%. From 2016 to 2018, 328,779 environmental noncompliance cases were internally recorded, with 89% of damages not reported to shareholders. Over 2,000 oil spills were officially recorded between 2015 and 2022, and 23 cases of greenhouse gas releases were documented in March-April 2023. Ecopetrol's 2024 Financial Sustainability Report aligns with TCFD recommendations, with TCFD reports published annually from 2020 to 2023.

Respect for Cultures & Communities

Ecopetrol reported a high social license to operate in 2024, with 94.9% of production assets and 95.1% of development projects having documented social licenses.

The company implemented 35 Preventive Archeology Programs in various regions in 2024 , which led to the discovery of over 4000 ceramic fragments and 350 lithic artifacts. However, Ecopetrol faced two protection actions (Tutela) in 2024 , with one case resulting in a ruling requiring prior consultation , indicating reactive responses to cultural incidents.

Safe & Smart Tech

Ecopetrol faces significant regulatory scrutiny, including ongoing reviews by the National Electoral Council for alleged campaign financing violations

and by the Procurator General's Office regarding a legal contract reportedly signed without board approval . A Customs Adjustment Procedure was initiated in July 2025 , and the company received a sanction from ANLA in September 2021 . Despite these, Ecopetrol states its Integrated Risk Management System and Internal Control Management Systems comply with COBIT, SOX, and FCPA standards , and its Information Security Handbook references numerous Colombian data protection and intellectual property laws . The company demonstrates strong employee engagement in learning, with 90% of workers active on its Degreed platform and 45% monthly active users , completing 440,000 learning items in six months . This supports a plan to reskill 70% of the workforce by 2030 , and the information security model aims to raise awareness . Ecopetrol has an Artificial Intelligence Policy, published in October 2025 , committing to responsible AI adoption and ethical principles such as Transparency, Fairness, Risk Management, Privacy, and the Role of the Human . An Ecopetrol official publicly affirmed that the company has never authorized data interception or measures violating private communications . In May 2025, 29 cases of potential security protocol violations and leaks of confidential internal information were identified . The company utilizes Hard Drive Encryption, File encryption, Antivirus, Data Lost Prevention Tools, and Content Control .

Zero Waste & Sustainable Products

Ecopetrol has a history of significant waste disposal issues, reporting hundreds of oil spills annually since 2020

and over 800 records of polluted sites from 1989 to 2018, with a fifth reportedly unreported. In 2024, the company's overall waste recovery rate was 36%. For hazardous waste, 15% was recovered and 45% of oily sludges and hydrocarbon-contaminated soils were treated through bioremediation, alongside a 13% decrease in hazardous waste generation compared to 2023; however, 85% of hazardous waste was still sent to final disposal. Ecopetrol has company-wide waste reduction targets, including a progressive reduction of waste sent to final disposal by 2040, and specific goals to process over 8,000 tons of plastic waste by 2025 and 20,000 tons/year of pyrolysis oil by 2027. The company has implemented numerous waste reduction initiatives, such as transforming 100% of ferrous scrap, utilizing 142,291 metric tons (50%) of construction and demolition waste, recovering 27,101 metric tons of scrap metal (99% recovery rate), and 1,682 metric tons (94%) of organic waste in 2024. Ecopetrol also maintains comprehensive waste reduction and circularity requirements for its suppliers, including environmental clauses, evaluation of recycled content, and providing support through capacity building and corrective action plans for 100% of significant suppliers with identified impacts.