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CALGARY, Alberta, Jan. 04, 2021 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (TSX: PSK) (“PrairieSky” or the “Firm”), Canada’s main vitality royalty enterprise, is happy to announce that in 2020 it obtained excessive scores from a number of globally acknowledged ranking businesses, together with CDP and Sustainalytics, for demonstrating excellent efficiency in environmental stewardship, social accountability, and governance (ESG).
“As a number one Canadian royalty enterprise, we perceive the vital position we play in taking motion to help finest practices in governance, social accountability and environmental stewardship,” stated PrairieSky CEO Andrew Phillips. “The popularity by CDP and Sustainalytics, amongst others, is a testomony to our management on this space and the significance our Board and the broader group place on ESG as we execute our broader enterprise technique.”
ESG Rankings 2020:
The next desk highlights PrairieSky’s key rankings and rankings achieved in 2020.
| Ranking Company | PrairieSky Rating/Rating | Description of Rating |
| CDP – Local weather Change | A- | High Quartile Globally inside {industry} group |
| Sustainalytics ESG Threat (All Industries) | 800 out of 12,826 | High 7% Globally |
| Sustainalytics ESG Threat (Oil and Gasoline Producers) | 1 out of 274 | High Total Globally |
| MSCI ESG Threat Rankings | A | Measurement of resilience to long-term, {industry} materials environmental, social and governance dangers on a relative rating from AAA to CCC. |
| ISS Environmental High quality Rating | 1 | Denotes highest potential rating |
| ISS Social High quality Rating | 2 | Denotes second highest potential rating |
| Globe and Mail Governance Rankings | #41 | High Quartile, rating 41 out of 211 corporations within the S&P/TSX Composite Index assessing high quality of governance practices. |
CDP Highlights:
PrairieSky was awarded an A- ranking within the 2020 CDP Local weather Change survey outcomes. An in depth and unbiased methodology is utilized by CDP, a acknowledged world chief in environmental reporting, with a full record of firm scores obtainable on the CDP web site at https://www.cdp.net/en/companies/companies-scores.
An A- ranking denotes world management and prime quartile efficiency in our {industry} group as measured by CDP. Throughout the CDP rankings, PrairieSky obtained prime “A” rankings for Governance, Threat Disclosure and Scope 1, 2 and three emissions, an enchancment 12 months over 12 months as PrairieSky achieved “web zero” carbon emissions. Detailed data concerning PrairieSky’s environmental report, together with an unbiased verification of carbon neutrality, will be considered on PrairieSky’s web site at https://www.prairiesky.com/responsibility/our-approach/.
CDP’s scoring methodology assesses corporations on the comprehensiveness of their disclosure, consciousness and administration of environmental dangers and demonstration of finest practices related to environmental management. In 2020, over 515 buyers holding over US$106 trillion in belongings and 150+ main purchasers with US$4 trillion in procurement spend, requested corporations to reveal by way of CDP’s platform. Over 9,600 corporations responded to CDP’s survey, being the very best ever.
Sustainalytics Highlights:
PrairieSky was additionally acknowledged as a pacesetter throughout all industries by Sustainalytics Firm ESG Threat Rankings, rating 800 out of 12,826 in Sustainalytics’ World protection universe, inside the prime 7% of rated corporations. On an {industry} particular foundation, PrairieSky ranked #1 amongst oil and gasoline producers. The Sustainalytics ESG Threat Rankings measure an organization’s publicity to industry-specific materials ESG dangers and the way nicely an organization is managing these dangers. Firm particular data and rankings by Sustainalytics, together with data concerning PrairieSky, can be found at https://www.sustainalytics.com/.
ISS Environmental and Social Rankings:
All through 2020, PrairieSky engaged with ISS (Institutional Shareholder Providers) and made complete submissions in step with ISS’ ESG analysis questionnaire. Following this engagement and overview by ISS PrairieSky obtained a 1 ranking on Environmental and a 2 ranking on Social, being the very best and second highest ranking, respectively, beneath ISS’ High quality Rating rankings framework. ISS’ ESG rankings platform is designed to supply company and nation ESG analysis and rankings to allow its shoppers to determine materials social and environmental dangers and alternatives.
Ongoing Sustainability Reporting and Range Initiatives:
PrairieSky contains complete ESG disclosures in its annual Accountability Report and different data contained on its web site at https://www.prairiesky.com/responsibility/our-approach/. This contains our World Reporting Initiative (GRI) and Sustainability Accounting Requirements Board (SASB) Reference Index, our Process Pressure on Local weather-Associated Monetary Disclosures (TCFD) Report, our progress report on ideas set forth within the UN World Compact, and unbiased assurance statements verifying key environmental information, greenhouse gasoline emissions and different key efficiency indicators, all of which is accessible on PrairieSky’s web site. PrairieSky intends to repeatedly replace its web site and reporting paperwork to supply new and extra data to stakeholders, together with a 2020 Accountability Report by mid-year 2021, and extra TCFD and SASB Disclosures in 2021.
PrairieSky continues to be a pacesetter in range and inclusion and is proud to have ladies in management roles on the Board, Government and Senior Administration degree with over 75% of all workers throughout the group comprised of girls. In 2020, PrairieSky was honored as a 2020 Report on Enterprise – Girls Lead Right here Recipient, being one in all 73 corporations recognized on the forefront of girls in management positions and a offering a benchmark for gender range in company Canada. For extra data see https://www.theglobeandmail.com/business/rob-magazine/article-introducing-the-2020-women-lead-here-honourees/.
FORWARD-LOOKING STATEMENTS
This press launch accommodates sure forward-looking statements. Using any of the phrases “anticipate”, “anticipate”, “could”, “will”, “ought to”, “imagine”, “intends”, and related expressions are meant to determine forward-looking statements. Ahead-looking statements contained on this press launch embody PrairieSky offering new and extra data to stakeholders in 2021.
With respect to forward-looking statements contained on this press launch, we’ve made a number of assumptions together with that new and extra data shall be offered and the timing thereof. Readers and buyers are cautioned that the assumptions used within the preparation of such forward-looking data and statements, though thought-about cheap on the time of preparation, could show to be imprecise and, as such, undue reliance shouldn’t be positioned on forward-looking statements. Our precise outcomes, efficiency, or achievements may differ materially from these expressed in, or implied by, these forward-looking statements. We can provide no assurance that any of the occasions anticipated will transpire or happen, or if any of them do, what advantages we’ll derive from them.
By their nature, forward-looking statements are topic to quite a few dangers and uncertainties, a few of that are past our management. The foregoing and different dangers are described in additional element in PrairieSky’s MD&A, and the Annual Data Type for the 12 months ended December 31, 2019 beneath the headings “Threat Administration” and “Threat Elements”, respectively, every of which is accessible at www.sedar.com.
Additional, any forward-looking assertion is made solely as of the date of this press launch, and PrairieSky undertakes no obligation to replace or revise any forward-looking assertion or statements to replicate occasions or circumstances after the date on which such assertion is made or to replicate the incidence of unanticipated occasions, besides as required by relevant securities legal guidelines. New elements emerge occasionally, and it isn’t potential for PrairieSky to foretell all of those elements or to evaluate prematurely the impression of every such issue on PrairieSky’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary materially from these contained in any forward-looking statements.
The forward-looking statements contained on this doc are expressly certified by this cautionary assertion.
About PrairieSky Royalty Ltd.
PrairieSky is a royalty-focused firm, producing royalty revenues as petroleum and pure gasoline are produced from its properties. PrairieSky has a various portfolio of properties which have an extended historical past of producing funds from operations and that characterize the most important and most concentrated independently-owned payment easy mineral title place in Canada. PrairieSky’s frequent shares commerce on the Toronto Inventory Change beneath the image PSK.
FOR FURTHER INFORMATION PLEASE CONTACT:
PrairieSky Royalty Ltd.
Investor Relations (587) 293-4000 www.prairiesky.com
PDF obtainable: http://ml.globenewswire.com/Resource/Download/4d38724c-dd93-4e12-b958-047a65111789
Supply: PrairieSky Royalty Ltd.
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