Rcbc
RCBC, or Rizal Commercial Banking Corporation, is a prominent financial institution headquartered in the Philippines. Established in 1960, RCBC has grown to become a key player in the banking industry, offering a diverse range of services including retail banking, corporate banking, and investment banking. With a strong presence in major operational regions across the Philippines, the bank has consistently demonstrated its commitment to innovation and customer service. RCBC is renowned for its unique digital banking solutions, which enhance customer experience and accessibility. The bank has achieved significant milestones, including recognition for its sustainable banking practices and robust financial performance. As a trusted name in the industry, RCBC continues to solidify its market position through strategic initiatives and a focus on community development.
DitchCarbon Score
How does Rcbc'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 Financial Intermediation 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
Rcbc's score of 22 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Rcbc's reported carbon emissions
In 2023, RCBC reported carbon emissions of approximately 9,574,000 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. This marks a slight increase from 2022, where emissions were about 9,463,580 kg CO2e, also solely from Scope 2. Notably, RCBC has consistently reported zero Scope 1 emissions across the years. In 2021, RCBC's total emissions were significantly higher, with Scope 2 emissions at approximately 13,307,600 kg CO2e and Scope 3 emissions reaching about 431,866,920 kg CO2e, highlighting a substantial indirect impact from their value chain. The emissions from 2020 were reported at around 11,652,000 kg CO2e, again only from Scope 2. Despite these figures, RCBC has not established specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of documented reduction initiatives suggests that while the bank is aware of its emissions, it has yet to formalise a strategy for significant reductions. Overall, RCBC's emissions data reflects a focus on managing indirect emissions, particularly from electricity usage, while the lack of Scope 1 emissions demonstrates effective management of direct emissions sources.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 11,652,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | - | - |
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.
Rcbc 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.
