Sitio Royalties
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 5 is lower than 77% 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, with all emissions classified under Scope 2. This marked an increase from 2021, when emissions were about 33,000 kg CO2e. Notably, the company has not disclosed any Scope 1 emissions, indicating no direct emissions from owned or controlled sources. Despite the increase in emissions, Sitio Royalties has not set specific reduction targets or initiatives, nor have they made any formal climate pledges. The absence of a structured climate commitment or reduction strategy suggests that the company may be in the early stages of addressing its carbon footprint. Overall, while Sitio Royalties has made strides in reporting its emissions, the lack of reduction targets highlights an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 33,000 | 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.
Sitio Royalties 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.
