Franco-Nevada Corporation, often referred to simply as Franco-Nevada, is a leading player in the crude petroleum industry, headquartered in California. Established in 2008, the company has carved a niche in providing essential services related to crude oil extraction, excluding surveying, across major operational regions in North America and beyond.
Specialising in royalty and streaming agreements, Franco-Nevada offers unique financial solutions that enable oil and gas companies to optimise their capital. This innovative approach has positioned the company as a trusted partner in the energy sector, contributing to its strong market presence. With a commitment to sustainable practices and a focus on high-quality assets, Franco-Nevada continues to achieve notable milestones, solidifying its reputation as a key contributor to the crude oil landscape.
-2 vs industry average
Franco Nevada’s score of 14 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Franco Nevada's reported carbon emissions
Franco Nevada, a company operating in crude petroleum and services related to crude oil extraction, headquartered in CA, has disclosed its carbon emissions across various scopes.
For the reporting year 2024, Franco Nevada reported approximately 236,900 kg CO2e in Scope 3 emissions. This includes about 188,900 kg CO2e from business travel, approximately 17,600 kg CO2e from employee commutes, and around 22,700 kg CO2e from purchased goods and services.
In the preceding year, 2023, Scope 3 emissions totalled approximately 150,700 kg CO2e, with business travel accounting for about 100,600 kg CO2e, employee commutes for around 18,200 kg CO2e, and purchased goods and services for approximately 26,300 kg CO2e.
For the reporting year 2023, Scope 2 emissions were approximately 57,600 kg CO2e and Scope 3 emissions were approximately 110,300 kg CO2e. Key contributors to Scope 3 in 2022 included business travel at about 68,300 kg CO2e, employee commutes at approximately 17,300 kg CO2e, and purchased goods and services at around 20,600 kg CO2e. Waste generated in operations contributed an additional 4,100 kg CO2e.
In 2021, Franco Nevada reported Scope 2 emissions of about 40,500 kg CO2e and Scope 3 emissions of approximately 31,900 kg CO2e. The breakdown for Scope 3 included business travel (approximately 11,300 kg CO2e), employee commute (around 7,100 kg CO2e), purchased goods and services (about 11,000 kg CO2e), and waste generated in operations (approximately 2,500 kg CO2e).
Earlier data for 2020 shows Scope 3 emissions at approximately 44,100 kg CO2e, with business travel representing about 28,900 kg CO2e, employee commute around 8,800 kg CO2e, purchased goods and services approximately 4,100 kg CO2e, and waste generated in operations about 2,300 kg CO2e.
In 2019, total Scope 3 emissions were approximately 91,200 kg CO2e, comprising business travel (about 57,100 kg CO2e), employee commute (around 15,800 kg CO2e), purchased goods and services (approximately 12,200 kg CO2e), and waste generated in operations (about 6,100 kg CO2e).
For 2018, Scope 2 emissions were approximately 55,900 kg CO2e, with purchased steam contributing about 31,900 kg CO2e and purchased electricity around 24,000 kg CO2e. Scope 3 emissions for 2018 totalled approximately 91,700 kg CO2e, with business travel at about 60,400 kg CO2e, employee commute at approximately 14,700 kg CO2e, purchased goods and services at around 3,300 kg CO2e, and waste generated in operations at about 5,900 kg CO2e.
In 2017, Scope 2 emissions were approximately 54,600 kg CO2e, consisting of purchased steam (about 28,800 kg CO2e) and purchased electricity (around 25,800 kg CO2e). Scope 3 emissions for 2017 totalled approximately 78,000 kg CO2e, including business travel (about 51,100 kg CO2e), employee commute (around 12,900 kg CO2e), purchased goods and services (approximately 3,100 kg CO2e), and waste generated in operations (about 5,000 kg CO2e).
Franco Nevada's data cascade indicates that it does not inherit emissions data from a parent or related organisation; its reporting is at the corporate family level. The company has not disclosed specific reduction targets or commitments through SBTi or other major climate initiatives based on the provided information.
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Franco Nevada’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Franco Nevada yet.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Franco Nevada
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