Touchstone Exploration Sustainability Profile
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.
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.
Industry Benchmark
Touchstone Exploration's score of 42 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Touchstone Exploration's reported carbon emissions
In 2023, Touchstone Exploration reported total carbon emissions of approximately 18,498,590 kg CO2e for Scope 1, 5,671,290 kg CO2e for Scope 2, and 72,760 kg CO2e for Scope 3. This marks a significant reduction from 2022, where emissions were about 22,120,290 kg CO2e for Scope 1 and 4,651,440 kg CO2e for Scope 2, indicating a proactive approach to managing their carbon footprint. Touchstone Exploration has set ambitious climate commitments, aiming for carbon neutrality across The NGC Group by 2050. Additionally, they have established a near-term target to reduce overall methane emissions from operated assets by 25% by 2025, using 2021 as the baseline year. This commitment reflects their dedication to addressing climate change and reducing greenhouse gas emissions. The company has consistently disclosed emissions data across all relevant scopes, demonstrating transparency in their environmental impact. Their efforts align with industry standards for climate action, showcasing a commitment to sustainability and responsible resource management.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 8,720,010 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,300,600 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000 | 00,000 |
How Carbon Intensive is Touchstone Exploration's Industry?
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Touchstone Exploration'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.
Touchstone Exploration 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.
