Chile: Copec achieves carbon neutrality at fuel network

The company neutralised the emissions from its 678 stations located throughout the country to advance in its commitment with its Climate Change Declaration.

© Copec

Copec has achieved carbon neutrality in its network of 678 service stations across Chile. The company announced the news as part of its commitments established in its Climate Change Declaration to become a Net Zero company before 2030.

"Climate change is undoubtedly one of the main strategic challenges we face globally and we, as companies, have the responsibility to use our creativity and capacity for innovation to solve these challenges and push for the necessary changes. At Copec we have updated our vision of the future and are in a process of transformation with a sustainable and long-term outlook," said Arturo Natho, Chief Executive Officer of Copec.

The company implemented a strategy that combined the measurement and certification of its carbon footprint based on ISO 14,064/2018 standards. It involves the active use of non-conventional renewable energies as well as the purchase of carbon credits.

Currently, 63 service stations are being supplied by the Cerro Dominador solar thermal plant while others are implementing other sustainable methods. 21 facilities are equipped with wind turbines, 10 with photovoltaic panels, 4 with solar thermal panels, and 2 with geothermal energy. The remaining emissions are offset through green bonds.