Freehold Royalties Sustainability Profile
Freehold Royalties Ltd., commonly referred to as Freehold Royalties, is a prominent player in the Canadian oil and gas industry, headquartered in Calgary, Alberta. Founded in 1996, the company has established itself as a leader in the acquisition and management of oil and gas royalties, primarily focusing on the Western Canadian Sedimentary Basin. Freehold Royalties distinguishes itself through its unique business model, which centres on generating revenue from a diverse portfolio of royalty interests rather than direct production. This approach allows the company to mitigate operational risks while capitalising on the growth of its partners. With a strong market position, Freehold Royalties has achieved notable milestones, including consistent dividend payments and a robust asset base, making it a preferred choice for investors seeking exposure to the energy sector.
DitchCarbon Score
How does Freehold 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 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
Freehold Royalties's score of 13 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Freehold Royalties's reported carbon emissions
In 2021, Freehold Royalties reported total carbon emissions of approximately 435,000 kg CO2e, comprising 91,000 kg CO2e from Scope 1, 344,000 kg CO2e from Scope 2, and 5,390 kg CO2e from Scope 3 emissions. This data reflects a commitment to transparency in their environmental impact, with emissions disclosed across all three scopes. Comparatively, in 2020, the company recorded total emissions of approximately 547,000 kg CO2e, with Scope 1 emissions at 71,000 kg CO2e, Scope 2 at 476,000 kg CO2e, and Scope 3 at 3,930 kg CO2e. This indicates a reduction in total emissions from 2020 to 2021. Freehold Royalties has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in the Science Based Targets initiative (SBTi). The absence of formal reduction targets suggests a need for further development in their climate strategy. The emissions data is not cascaded from any parent organization, indicating that Freehold Royalties Ltd. independently reports its carbon footprint. The company continues to focus on sustainability and transparency in its operations, aligning with industry standards for climate accountability.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 21,300 | 000,000 | 00,000 | 00,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000 | 0,000 | 0,000 |
How Carbon Intensive is Freehold Royalties's Industry?
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Freehold Royalties's Scope 3 Categories Breakdown
Freehold Royalties's Scope 3 emissions, which increased by 37% last year and decreased by approximately 66% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Freehold 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.
Freehold 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.
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