Prairiesky Royalty
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 14 is lower than 61% 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 reported total carbon emissions of approximately 55500 kg CO2e. The breakdown of emissions includes Scope 1 emissions at about 120900 kg CO2e, Scope 2 emissions (location-based) at approximately 149700 kg CO2e, and Scope 3 emissions comprising business travel at about 7800 kg CO2e, employee commute at approximately 47300 kg CO2e, and waste generated in operations at 400 kg CO2e. Comparatively, in 2021, the company recorded total emissions of approximately 287600 kg CO2e, with Scope 2 emissions (location-based) at about 166100 kg CO2e and Scope 3 emissions from business travel at 500 kg CO2e and employee commute at approximately 29500 kg CO2e. This indicates a significant reduction in total emissions from 2021 to 2022. Despite these figures, PrairieSky Royalty has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The emissions data is not cascaded from any parent organization, indicating that PrairieSky Royalty Ltd. independently reports its emissions and climate commitments. Overall, while PrairieSky Royalty has demonstrated a reduction in emissions, the absence of formal reduction targets suggests an opportunity for further commitment to climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 127,500 | 000,000 | - | - | - | 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 |
Industry emissions intensity
Location emissions intensity
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.
Prairiesky Royalty 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.
