Paramount Resources

Sustainability Report and Carbon Intensity Rankings

Is Paramount Resources doing their part?

Their DitchCarbon score is 5

Paramount Resources has a DitchCarbon Score of 5 out of 100, indicating a low level of sustainability in their operations. This score suggests a high carbon intensity compared to other companies. The company needs significant improvement in reducing emissions to enhance its sustainability profile.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Paramount Resources is part of the energy generation and distribution industry, which has a carbon intensity ranking of very high. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Paramount Resources operates in Canada, a region with a very low carbon intensity rating. This favorable environmental context supports the company’s sustainability efforts by reducing its overall carbon footprint.
25.44%

...this company is doing 25.44% worse in emissions than the industry average.

Paramount Resources Ltd., founded in 1998, is an intermediate energy company based in Calgary, Canada, operating within the energy generation and distribution industry. The company specializes in the exploration, development, production, and marketing of natural gas, crude oil, and natural gas liquids across Alberta, British Columbia, Saskatchewan, and the Northwest Territories. In addition to its core operations, Paramount Resources holds securities in various entities and established Cavalier Resources Inc. to manage its heavy oil assets.

Good news, Paramount Resources has embraced SBTi commitments

Paramount Resources has pledged to set science-based targets through the Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions in line with climate science. This commitment means the company will develop and implement strategies to significantly cut its carbon footprint to prevent the worst impacts of climate change.

There’s always room for improvement,

DitchCarbon recommends...

Paramount Resources should undertake a thorough inventory of all Scope 1 emissions sources to identify and quantify their direct greenhouse gas outputs, which could potentially reduce their emissions by 15%.
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✓ Comprehensive database of calculators, life cycle analysis, carbon footprints of companies

✓ Peer group, recommended actions, historical reports, data sources

✓ Complete Scope 1-2-3 data, emission factors, yearly breakdown

✓ Complete SBTi and CDP status with sources

✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.