T Rowe Price
T. Rowe Price Group, Inc., commonly known as T. Rowe Price, is a prominent investment management firm headquartered in the United States. Founded in 1937, the company has established itself as a leader in the financial services industry, specialising in mutual funds, retirement plans, and investment advisory services. With a strong presence in major operational regions including North America, Europe, and Asia, T. Rowe Price is renowned for its disciplined investment approach and commitment to long-term performance. The firm offers a diverse range of core products, including equity, fixed income, and multi-asset strategies, distinguished by its rigorous research and risk management processes. T. Rowe Price has consistently achieved notable milestones, such as being recognised for its innovative investment solutions and strong client service, solidifying its position as a trusted partner for investors worldwide.
DitchCarbon Score
How does T Rowe Price'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 Services Auxiliary to 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
T Rowe Price's score of 59 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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T Rowe Price's reported carbon emissions
In 2023, T Rowe Price reported total carbon emissions of approximately 149,454,000 kg CO2e. This figure includes 681,000 kg CO2e from Scope 1 emissions, 18,649,000 kg CO2e from Scope 2 emissions, and a significant 130,124,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, committing to a 75% reduction in Scope 1 and 2 emissions by the end of 2030, using 2021 as the baseline year. Over the years, T Rowe Price has demonstrated a commitment to sustainability, with total emissions fluctuating from 43,172,000 kg CO2e in 2010 to 26,381,000 kg CO2e in 2021. The company has disclosed emissions data across all three scopes since 2015, reflecting a growing transparency in its environmental impact reporting. T Rowe Price's climate commitments align with industry standards, focusing on significant reductions in operational emissions while addressing the broader impacts of its investment activities. The firm continues to engage in initiatives aimed at achieving net-zero emissions, reinforcing its dedication to environmental stewardship.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 928,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 36,650,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,941,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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.
T Rowe Price 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.
