Sitio Royalties Sustainability Profile
Sitio Royalties, a prominent player in the energy sector, is headquartered in the United States and primarily operates across key regions in the Permian Basin and other prolific oil and gas areas. Founded in 2020, the company has quickly established itself as a leader in the acquisition and management of mineral and royalty interests, focusing on maximising value for its stakeholders. Specialising in the acquisition of high-quality royalty interests, Sitio Royalties distinguishes itself through its strategic approach and commitment to operational excellence. The company has achieved significant milestones, including rapid portfolio growth and a strong market presence, positioning itself as a trusted partner in the energy industry. With a focus on sustainable practices and innovative solutions, Sitio Royalties continues to enhance its reputation as a forward-thinking entity in the evolving landscape of energy resources.
DitchCarbon Score
How does Sitio Royalties'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 Gas/Diesel Oil 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
Sitio Royalties's score of 7 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sitio Royalties's reported carbon emissions
In 2022, Sitio Royalties reported total carbon emissions of approximately 128,000 kg CO2e, which encompasses both Scope 1 and Scope 2 emissions. This figure reflects a significant increase from 2021, when emissions were about 33,000 kg CO2e. The data indicates that Sitio Royalties has not disclosed specific Scope 3 emissions, nor has it provided detailed breakdowns for Scope 1 and Scope 2 emissions. Despite the increase in emissions, there are currently no documented reduction targets or climate pledges from Sitio Royalties. The emissions data is cascaded from its parent company, Sitio Royalties Corp., with additional performance data sourced from Viper Energy, Inc. as part of their corporate family relationship. As a current subsidiary, Sitio Royalties is positioned within an industry that is increasingly focused on sustainability and carbon reduction, yet it has not yet established specific initiatives or commitments to address its carbon footprint.
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How Carbon Intensive is Sitio Royalties's Industry?
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Sitio Royalties'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.
Sitio Royalties 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.
