Prairiesky Royalty Sustainability Profile
Prairiesky Royalty Ltd., a prominent player in the Canadian energy sector, is headquartered in Calgary, Alberta. Founded in 2013, the company has quickly established itself as a leader in the oil and gas royalty industry, focusing on the acquisition and management of mineral rights across key operational regions in Western Canada. Specialising in royalty interests, Prairiesky offers a unique business model that allows it to benefit from the production of oil and natural gas without the associated operational costs. This innovative approach has positioned the company favourably within the market, enabling it to achieve significant growth and notable milestones since its inception. With a commitment to sustainable practices and a strong portfolio of high-quality assets, Prairiesky Royalty continues to be a vital contributor to the energy landscape in Canada.
DitchCarbon Score
How does Prairiesky Royalty'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
Prairiesky Royalty's score of 17 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Prairiesky Royalty's reported carbon emissions
In 2022, Prairiesky Royalty, headquartered in Canada, reported total carbon emissions of approximately 326,100 kg CO2e. This figure includes Scope 1 emissions of about 120,900 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 149,700 kg CO2e, calculated on a location-based method. Additionally, Scope 3 emissions accounted for about 78,500 kg CO2e, with significant contributions from employee commuting (about 47,300 kg CO2e) and business travel (approximately 7,800 kg CO2e). Despite the substantial emissions, Prairiesky Royalty has not set specific reduction targets or initiatives as part of their climate commitments. The company has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. This lack of defined targets may reflect the broader industry context, where many companies are still developing comprehensive strategies to address climate change. Overall, while Prairiesky Royalty has made strides in emissions reporting, the absence of reduction commitments highlights an area for potential growth in their sustainability efforts.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 127,500 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 415,700 | 000,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 3 | - | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
How Carbon Intensive is Prairiesky Royalty's Industry?
How Carbon Intensive is Prairiesky Royalty's Location?
Prairiesky Royalty's Scope 3 Categories Breakdown
Prairiesky Royalty's Scope 3 emissions, which increased by 85% last year and decreased by approximately 39% since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 31% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 85% of Scope 3 emissions.
Top Scope 3 Categories
Prairiesky Royalty'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.
Prairiesky Royalty 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.
