Precision Drilling Sustainability Profile
Precision Drilling Corporation, a leading provider in the oil and gas industry, is headquartered in Calgary, Alberta, Canada. Founded in 1951, the company has established itself as a key player in drilling services and technology, primarily operating across North America and select international markets. Specialising in contract drilling and completions, Precision Drilling offers a range of innovative solutions, including advanced drilling rigs and integrated services that enhance operational efficiency. The company is recognised for its commitment to safety and sustainability, setting industry standards with its state-of-the-art equipment and skilled workforce. With a strong market position, Precision Drilling has achieved numerous milestones, including significant technological advancements and strategic partnerships, solidifying its reputation as a trusted partner in the energy sector.
DitchCarbon Score
How does Precision Drilling'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
Precision Drilling's score of 24 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Precision Drilling's reported carbon emissions
In 2024, Precision Drilling reported total carbon emissions of approximately 19,600,000 kg CO2e, comprising about 15,000,000 kg CO2e from Scope 1 and about 4,600,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2023, where total emissions were about 18,300,000 kg CO2e, with Scope 1 at approximately 12,500,000 kg CO2e and Scope 2 at around 5,800,000 kg CO2e. The company has consistently disclosed its emissions data for Scope 1 and Scope 2 over the past several years, with 2022 emissions recorded at about 17,800,000 kg CO2e, and 2021 emissions at approximately 16,800,000 kg CO2e. Notably, the emissions intensity for drilling activities has been reported, with a Scope 1 and 2 GHG emissions intensity of about 1,000 kg CO2e per tonne for 2024. Despite the lack of specific reduction targets or initiatives outlined in their recent disclosures, Precision Drilling remains committed to transparency in its emissions reporting. The data is sourced directly from Precision Drilling Corporation, with no cascaded emissions data from a parent or related organization. The absence of Scope 3 emissions data indicates a potential area for future focus as the company continues to enhance its climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 13,400,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Precision Drilling's Industry?
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Precision Drilling'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.
Precision Drilling has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
