Public Profile

Touchstone Exploration

Touchstone Exploration Inc., commonly referred to as Touchstone, is a dynamic oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Founded in 2001, the company has established a strong presence in the energy sector, primarily focusing on the exploration and development of oil and natural gas resources in Trinidad and Tobago. With a commitment to sustainable practices, Touchstone offers a range of services that include drilling, production, and reservoir management. The company is recognised for its innovative approach to resource extraction, which sets it apart in a competitive market. Touchstone's strategic initiatives have led to significant milestones, enhancing its market position and operational efficiency. As a key player in the industry, Touchstone Exploration continues to drive growth while prioritising environmental stewardship and community engagement.

DitchCarbon Score

How does Touchstone Exploration'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.

25

Industry Average

Mean score of companies in the Business Services 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.

25

Industry Benchmark

Touchstone Exploration's score of 25 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.

47%

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Touchstone Exploration's reported carbon emissions

In 2022, Touchstone Exploration reported total carbon emissions of approximately 152,240,000 kg CO2e, comprising about 151,801,000 kg CO2e from Scope 1 emissions and around 439,000 kg CO2e from Scope 2 emissions. This represents a decrease from 2021, when the company emitted about 163,637,000 kg CO2e, with Scope 1 emissions at approximately 163,249,000 kg CO2e and Scope 2 emissions at about 388,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. Touchstone Exploration has not set specific reduction targets or climate pledges, which may limit their commitment to long-term sustainability goals. Overall, while the company has made strides in reducing its emissions from 2021 to 2022, the absence of formal reduction initiatives or targets suggests an opportunity for further commitment to climate action within the industry context.

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202020212022
Scope 1
162,219,000
000,000,000
000,000,000
Scope 2
374,000
000,000
000,000
Scope 3
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Touchstone Exploration's primary industry is Other business services (74), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Touchstone Exploration is in CA, which has a low grid carbon intensity relative to other regions.

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.

Touchstone Exploration 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers