Crescent Point Energy
Crescent Point Energy Corporation, commonly referred to as Crescent Point, is a prominent Canadian oil and gas exploration and production company headquartered in Calgary, Alberta. Founded in 2001, the company has established itself as a key player in the North American energy sector, primarily focusing on the development of light and medium oil resources across its major operational regions, including Saskatchewan and Alberta. Crescent Point is renowned for its innovative approach to resource extraction, employing advanced technologies to enhance production efficiency and sustainability. The company’s core offerings include oil and natural gas production, with a commitment to responsible environmental practices. Notably, Crescent Point has achieved significant milestones, including strategic acquisitions that have bolstered its market position, making it one of the leading independent oil producers in Canada.
DitchCarbon Score
How does Crescent Point 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 Natural Gas Liquids 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
Crescent Point Energy's score of 23 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crescent Point Energy's reported carbon emissions
Crescent Point Energy, headquartered in Canada, has made significant strides in reducing its carbon emissions over recent years. In 2022, the company reported total emissions of approximately 719,333,000 kg CO2e for Scope 1 and about 586,092,000 kg CO2e for Scope 2. This marks a continued reduction from 2021, where emissions were approximately 749,618,000 kg CO2e for Scope 1 and about 679,700,000 kg CO2e for Scope 2. The trend of decreasing emissions is evident from previous years as well. In 2020, emissions were about 906,320,000 kg CO2e for Scope 1 and approximately 603,445,000 kg CO2e for Scope 2. This indicates a commitment to improving operational efficiency and reducing the carbon footprint associated with their activities. Crescent Point Energy has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges. However, the company continues to focus on enhancing its sustainability practices, as reflected in its emissions intensity metrics, which have shown improvement over the years. Overall, Crescent Point Energy's ongoing efforts to lower its carbon emissions demonstrate a proactive approach to addressing climate change, aligning with industry standards for environmental responsibility.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,411,090,530 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 911,172,520 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Crescent Point Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
