Prairiesky Royalty Ltd

Common Name
Prairiesky Royalty
Country
Canada
Sector
Energy
Industry
Oil & Gas E&P
Employees
75
Ticker
PSK
Exchange
TORONTO STOCK EXCHANGE
Description
PrairieSky Royalty Ltd. is a unique financial asset structured as a royalty company within the energy sector. Its primary function is to manage and develop its existing royalty portfolio, focusing on ...

Prairiesky Royalty's GHG Emissions Data Preview

In 2023, Prairiesky Royalty completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Prairiesky Royalty has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Prairiesky Royalty's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Prairiesky Royalty amounted to 225.3 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Prairiesky Royalty decreased by 16.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Prairiesky Royalty's Scope 1 Emissions Over Time

20182019202020212022202304080120160tCO2e-5%+4%-36%+32%-22%
  • Total Scope 1
  • Year-over-Year Change

What are Prairiesky Royalty's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Prairiesky Royalty were 94.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Prairiesky Royalty reduced its Scope 1 emissions over time?

Since 2018, Prairiesky Royalty's Scope 1 emissions have decreased by 34.58%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Prairiesky Royalty's Scope 1 emissions decreased by 22.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Prairiesky Royalty's Scope 2 emissions?

In 2023, Prairiesky Royalty reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method, and 131.1 tCOâ‚‚e using the location-based method.

Has Prairiesky Royalty reduced its Scope 2 emissions over time?

Since 2018, Prairiesky Royalty's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 66.06%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Prairiesky Royalty's Scope 2 emissions (Location-Based) fell by 12.42% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Prairiesky Royalty use for Scope 2 reporting?

In 2023, Prairiesky Royalty reported its Scope 2 emissions using the market-based method and using the location-based method.

Prairiesky Royalty's Scope 2 Emissions Over Time

2018201920202021202220230100200300400tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Prairiesky Royalty's Value Chain Emissions

In 2023, Prairiesky Royalty reported 76.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Prairiesky Royalty includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Prairiesky Royalty's Scope 3 Emissions Over Time

2018201920202021202220230255075100tCO2e-2%-62%-14%+94%+24%
  • Total Scope 3
  • Year-over-Year Change

What are Prairiesky Royalty's Scope 3 emissions?

In 2023, Prairiesky Royalty reported total Scope 3 emissions of 76.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Prairiesky Royalty reduced its Scope 3 emissions over time?

Since 2018, Prairiesky Royalty's Scope 3 emissions have decreased by 21.82%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Prairiesky Royalty's Scope 3 emissions increased by 24.27%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Prairiesky Royalty disclose?

In 2023, Prairiesky Royalty reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Prairiesky Royalty's Scope 3 emissions?

In 2023, the largest contributors to Prairiesky Royalty's Scope 3 emissions were:

  • Employee Commuting (Cat. 7): 47.7 tCOâ‚‚e (62.52%)
  • Business Travel (Cat. 6): 28.1 tCOâ‚‚e (36.83%)
  • Waste Generated in Operations (Cat. 5): 0.5 tCOâ‚‚e (0.66%)

Prairiesky Royalty's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(36.8%)Employee Commuting(Cat. 7)(62.5%)

Insights into Prairiesky Royalty's Total Carbon Footprint

In 2023, Prairiesky Royalty reported a total carbon footprint of 301.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.16% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Prairiesky Royalty's total carbon footprint was Scope 2 emissions, accounting for 43.47% of the company's total carbon footprint, followed by Scope 1 emissions at 31.23%.

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