Canadian Natural Resources Sustainability Profile
Canadian Natural Resources Limited (CNRL), headquartered in Calgary, Alberta, is a leading independent oil and natural gas exploration and production company. Founded in 1973, CNRL has established a strong presence in key operational regions, including Western Canada, the North Sea, and offshore Africa. Specialising in the exploration, development, and production of crude oil, natural gas, and natural gas liquids, CNRL is recognised for its commitment to sustainable practices and innovative technologies. The company’s diverse portfolio includes heavy oil, light crude oil, and natural gas, setting it apart in a competitive market. With a robust market position, CNRL has achieved significant milestones, including consistent production growth and a strong focus on environmental stewardship, making it a notable player in the energy sector.
DitchCarbon Score
How does Canadian Natural Resources'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 Salt and Mineral Mining 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
Canadian Natural Resources's score of 42 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canadian Natural Resources's reported carbon emissions
In 2023, Canadian Natural Resources Limited (CNRL) reported significant carbon emissions data, although specific figures for Scope 1 and Scope 2 emissions were not disclosed. However, the company has set ambitious climate commitments, aiming for a 40% reduction in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2035, using a 2020 baseline. This target reflects CNRL's commitment to align with broader climate goals, including Canada's federal commitment to reduce GHG emissions by 40-45% from 2005 levels by 2030. In 2022, CNRL's reported Scope 1 emissions were approximately 27,769,700 kg CO2e, while Scope 2 emissions were about 3,092,646 kg CO2e. The company also reported Scope 3 emissions related to the use of sold products, amounting to approximately 131,000,000 kg CO2e. These figures highlight the significant impact of CNRL's operations on the environment and underscore the importance of their reduction initiatives. CNRL's emissions data is not cascaded from any parent organization, indicating that the company independently reports its emissions and climate commitments. The company's ongoing efforts to enhance sustainability and reduce its carbon footprint are crucial in the context of the global push for climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 21,030,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 2,690,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Canadian Natural Resources's Industry?
How Carbon Intensive is Canadian Natural Resources's Location?
Canadian Natural Resources's Scope 3 Categories Breakdown
Canadian Natural Resources's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 6% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Canadian Natural Resources'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.
Canadian Natural Resources has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
