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)2023202220212020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Prairiesky Royalty’s Greenhouse Gas (GHG) Emissions Data

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a. Prairiesky Royalty's Sustainability Report 2023
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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). a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a

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. a

What are Prairiesky Royalty's Scope 2 emissions?

In 2023, Prairiesky Royalty reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 131.1 tCO₂e using the location-based method. a

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. a

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. a

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. a

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a

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. a

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. a

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. a

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: a

  • Employee Commuting (Cat. 7): 47.7 tCO₂e (62.52%)
  • Business Travel (Cat. 6): 28.1 tCO₂e (36.83%)
  • Waste Generated in Operations (Cat. 5): 0.5 tCO₂e (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 GHG Emissions Intensity Compared to Industry Peers

In 2023, Prairiesky Royalty reported Scope 1 greenhouse gas (GHG) emissions of 94.2 tCO₂e and total revenues of USD 388 millions. This translates into an emissions intensity of 0.24 tCO₂e per millions USD. a

Prairiesky Royalty's Scope 1 Emissions Intensity Compared to Peers

1050020,0002,000,000100,000,000Scope 1 Emissions (tCO2e)505002,00020,000100,000Revenues (Millions of USD)OAOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MAAAmplitude EnergyYear: 2024Scope 1: 126,604 tCO2eRevenue: $M 146Scope 1 Intensity: 866.53 tCO2e/$MParamount ResourcesYear: 2023Scope 1: 460,416 tCO2eRevenue: $M 1,551Scope 1 Intensity: 296.81 tCO2e/$MNuvista EnergyYear: 2023Scope 1: 319,098 tCO2eRevenue: $M 1,056Scope 1 Intensity: 302.16 tCO2e/$MMEG EnergyYear: 2022Scope 1: 2,368,081 tCO2eRevenue: $M 4,687Scope 1 Intensity: 505.30 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MJapan Petroleum ExplorationYear: 2023Scope 1: 217,000 tCO2eRevenue: $M 2,526Scope 1 Intensity: 85.90 tCO2e/$MCanadian Natural ResourcesYear: 2022Scope 1: 23,243,129 tCO2eRevenue: $M 36,595Scope 1 Intensity: 635.14 tCO2e/$MSM EnergyYear: 2023Scope 1: 484,493 tCO2eRevenue: $M 2,364Scope 1 Intensity: 204.96 tCO2e/$MTourmaline OilYear: 2022Scope 1: 2,933,544 tCO2eRevenue: $M 6,411Scope 1 Intensity: 457.55 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MCNX ResourcesYear: 2023Scope 1: 559,769 tCO2eRevenue: $M 1,506Scope 1 Intensity: 371.62 tCO2e/$MNorthern Oil and GasYear: 2023Scope 1: 14 tCO2eRevenue: $M 1,917Scope 1 Intensity: 0.01 tCO2e/$MMurphy OilYear: 2023Scope 1: 1,083,362 tCO2eRevenue: $M 3,449Scope 1 Intensity: 314.12 tCO2e/$MAPA Corp (US)Year: 2023Scope 1: 5,962,000 tCO2eRevenue: $M 8,279Scope 1 Intensity: 720.14 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MRange ResourcesYear: 2023Scope 1: 202,525 tCO2eRevenue: $M 2,553Scope 1 Intensity: 79.32 tCO2e/$MMatador ResourcesYear: 2023Scope 1: 1,051,432 tCO2eRevenue: $M 2,818Scope 1 Intensity: 373.16 tCO2e/$MExpand EnergyYear: 2023Scope 1: 799,373 tCO2eRevenue: $M 7,775Scope 1 Intensity: 102.81 tCO2e/$MPrairiesky RoyaltyYear: 2023Scope 1: 94 tCO2eRevenue: $M 388Scope 1 Intensity: 0.24 tCO2e/$M

How does Prairiesky Royalty's GHG emissions intensity compare to its peers?

In 2023, Prairiesky Royalty reported a Scope 1 emissions intensity of 0.24 tCO₂e per millions USD. Compared to the peer group median of 308.14, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Prairiesky Royalty rank on GHG emissions intensity within its industry?

In 2023, Prairiesky Royalty ranked 2 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Prairiesky Royalty among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Prairiesky Royalty's Total Carbon Footprint

In 2023, Prairiesky Royalty reported a total carbon footprint of 301.6 metric tons of CO₂ equivalent (tCO₂e) 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. a

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%. a

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