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Canadian Natural Resources Limited (CNRL), a leading player in the crude petroleum extraction industry, is headquartered in Calgary, Alberta. Founded in 1989, the company has established itself as a significant force in the Canadian energy sector, with major operations spanning across Western Canada and international ventures.
CNRL focuses on the exploration, development, and production of crude oil and natural gas, offering a diverse portfolio that includes heavy oil, light oil, and natural gas liquids. The company is recognised for its commitment to sustainable practices and innovative technologies, which enhance operational efficiency and reduce environmental impact.
With a strong market position, Canadian Natural Resources has achieved notable milestones, including significant production growth and strategic acquisitions. Its dedication to responsible resource development and community engagement sets CNRL apart in the competitive landscape of the energy industry.
+7 vs industry average
Canadian Natural Resources’s score of 22 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Crude Petroleum Extraction is among the most carbon-intensive industries
The Crude Petroleum Extraction industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
Canadian Natural Resources (CA) has reported its carbon emissions for several years within the Crude Petroleum Extraction industry. In 2022, the company reported Scope 1 emissions of approximately 23.25 billion kg CO2e and Scope 2 emissions of approximately 3.09 billion kg CO2e. Scope 3 emissions for the same year were approximately 124 billion kg CO2e, specifically from the use of sold products.
For 2021, Scope 1 emissions were approximately 23.15 billion kg CO2e, and Scope 2 emissions were around 3.26 billion kg CO2e. Scope 3 emissions, attributed to the use of sold products, were approximately 132 billion kg CO2e. In 2020, Scope 1 emissions were approximately 23.81 billion kg CO2e, with Scope 2 emissions at about 3.22 billion kg CO2e. Scope 3 emissions data for 2020 was not disclosed.
Canadian Natural Resources has set ambitious climate commitments. The company has committed to a 40% reduction in corporate absolute Scope 1 and 2 GHG emissions by 2035, using a 2020 baseline. This target is a long-term objective. Additionally, in alignment with Canada's national commitment to the Paris Agreement, there is a broader objective to reduce GHG emissions by 40-45% from 2005 levels by 2030.
The company's climate reporting and reduction targets are sourced directly from Canadian Natural Resources Limited and are not cascaded from a parent organisation.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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