Peyto Exploration And Development Sustainability Profile
Peyto Exploration and Development Corp., commonly referred to as Peyto, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 1998, the company has established itself as a leader in natural gas exploration and production, primarily focusing on the prolific Montney and Deep Basin regions of Western Canada. Peyto is renowned for its commitment to sustainable practices and innovative extraction techniques, which set it apart in a competitive market. The company’s core offerings include natural gas and natural gas liquids, with a strong emphasis on operational efficiency and environmental stewardship. Over the years, Peyto has achieved significant milestones, including consistent production growth and a robust asset portfolio, solidifying its position as a key contributor to Canada’s energy landscape.
DitchCarbon Score
How does Peyto Exploration And Development'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
Peyto Exploration And Development's score of 1 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Peyto Exploration And Development's reported carbon emissions
In 2021, Peyto Exploration and Development reported total carbon emissions of approximately 624,812,000 kg CO2e from Scope 1 and 27,827,000 kg CO2e from Scope 2, resulting in a combined total of about 652,639,000 kg CO2e. This marked an increase from 2020, where emissions were approximately 570,738,000 kg CO2e for Scope 1 and 32,929,000 kg CO2e for Scope 2, leading to a total of about 603,667,000 kg CO2e. Peyto's emissions data does not include Scope 3 emissions for 2021, but in 2020, they reported approximately 32,572,000 kg CO2e in Scope 3 emissions in Canada. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. Peyto's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from Peyto Exploration and Development Corp. The company continues to monitor its emissions and is committed to improving its environmental performance in the oil and gas sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | 116,312,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | - |
How Carbon Intensive is Peyto Exploration And Development's Industry?
How Carbon Intensive is Peyto Exploration And Development's Location?
Peyto Exploration And Development'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.
Peyto Exploration And Development 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.
