Baytex Energy Sustainability Profile
Baytex Energy Corp., commonly referred to as Baytex, is a prominent Canadian oil and gas company headquartered in Calgary, Alberta. Founded in 1993, Baytex has established itself as a key player in the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas. The company operates mainly in the Western Canadian Sedimentary Basin and the Eagle Ford formation in Texas, showcasing its diverse operational footprint. Baytex is recognised for its commitment to sustainable practices and efficient resource management, offering a range of high-quality crude oil and natural gas products. With a strong emphasis on innovation and operational excellence, Baytex has achieved significant milestones, including strategic acquisitions that have bolstered its market position. As a result, the company continues to be a notable entity in the North American energy landscape, dedicated to delivering value to its stakeholders while prioritising environmental stewardship.
DitchCarbon Score
How does Baytex Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Baytex Energy's score of 11 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baytex Energy's reported carbon emissions
In 2022, Baytex Energy reported total carbon emissions of approximately 1,091,030,000 kg CO2e, comprising 1,001,008,000 kg CO2e from Scope 1 emissions and 90,022,000 kg CO2e from Scope 2 emissions. The company's GHG emissions intensity for this year was about 0.046 kg CO2e per barrel of oil equivalent (boe). For 2023, Baytex Energy's GHG emissions intensity remained consistent at approximately 43,000 kg CO2e per boe, reflecting their ongoing commitment to monitoring and managing emissions. However, no specific emissions data for Scope 3 has been disclosed. Baytex Energy has not set any formal reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. Overall, while Baytex Energy has made strides in tracking emissions, the lack of ambitious reduction targets may limit their effectiveness in addressing climate change comprehensively.
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| 2010 | 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 425,663,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 179,080,000 | 000,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Baytex Energy's Industry?
How Carbon Intensive is Baytex Energy's Location?
Baytex Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Baytex Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
