Climate Change Data

Empresas GASCO S.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:8,383.16 tCO2e/year
Scope 1 Emissions:4,715.91 tCO2e/year
Scope 2 Emissions:79.73 tCO2e/year
Scope 3 Emissions:260.87 tCO2e/year
Waste Generated:1,531,843 kg/year (avoided landfill)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced carbon footprint by 1.6% compared to 2022.
  • Inaugurated the world's first carbon-neutral liquefied gas (e-GL) production with HIF Global in Magallanes.
  • Displaced more than 171,588 tons of polluting fuels between 2015 and 2023.

Social Achievements

  • Obtained Great Place to Work certification.
  • Launched the "Energy of Women" program to increase female participation in operational roles.
  • Concluded the "Apprentices" program, resulting in the first all-female truck driving crew.

Governance Achievements

  • Maintained a strong commitment to ethics and compliance, with zero corruption cases.
  • Implemented a robust compliance program aligned with Law No. 20,393 on the Criminal Liability of Legal Persons.
  • Updated its Human Rights Policy and implemented a risk matrix for modern slavery.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (target year not specified).
Medium-term Goals:
  • 60% of revenue from new businesses by 2030.
Short-term Goals:
  • New businesses to represent 10% of revenue in 2024, 25% in the next two years.

Environmental Challenges

  • Supply chain disruptions due to global events and economic uncertainty.
  • Climate change impacts, such as extreme weather events.
  • Regulatory changes in the liquefied gas market.
Mitigation Strategies
  • Diversified supply sources for liquefied gas.
  • Implemented a risk management policy aligned with international standards.
  • Developed hedging strategies to mitigate price volatility.
  • Actively participated in policy dialogues to influence regulatory changes.

Supply Chain Management

Supplier Audits: 100% of new suppliers underwent due diligence.

Responsible Procurement
  • Code of Conduct
  • Supplier Sustainability Requirements
  • Due diligence process for new suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of renewable energy projects
  • Carbon-neutral fuel production

Reporting Standards

Frameworks Used: SASB (Sustainability Accounting Standards Board), NCG 461 (Comisión para el Mercado Financiero)

Certifications: ISO 9001-2015 (GASCO Magallanes), ISO 14001:2015 (GASCO Colombia), ISO 45000:2018 (GASCO Colombia)

Third-party Assurance: Price Waterhouse Coopers Consultores Auditores SpA

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 17 (Partnerships for the Goals)

Initiatives contribute to these goals through renewable energy projects, job creation, sustainable supply chains, community engagement, and emissions reduction.

Sustainable Products & Innovation

  • Carbon-neutral liquefied gas (e-GL)

Awards & Recognition

  • Procalidad Award (Gas Meter Sector)
  • Mejores Empresas Chilenas Award
  • Recognition from Fundación Generación Empresarial for commitment to integrity.