Rbc

RBC, a financial intermediation services firm based in CA, has demonstrated significant progress in reducing its carbon emissions. In 2025, the company reported a total of approximately 93.1 billion kg CO2e in emissions, comprising Scope 1, Scope 2, and Scope 3. Specifically for 2025, Scope 1 emissions were approximately 25.9 million kg CO2e, Scope 2 (market-based) emissions were around 3.6 million kg CO2e, and Scope 3 emissions totalled approximately 59.5 million kg CO2e. The previous year, 2024, saw total emissions of approximately 91.1 billion kg CO2e, with Scope 1 at about 23.1 million kg CO2e, Scope 2 (market-based) at approximately 6.7 million kg CO2e, and Scope 3 at about 60.4 million kg CO2e.

RBC has established ambitious climate commitments, including a near-term goal to reduce global emissions from its own operations by 70% by 2025, using a 2018 baseline. This target covers Scope 1 and Scope 2 emissions. Furthermore, the company aims to increase its sourcing of electricity from renewable and non-emitting sources to 100% by 2025. Looking ahead, RBC has set a target to reduce its Scope 1 emissions by 35% by 2030 from a 2019 baseline and its Scope 2 emissions by 54% by the same year. The organisation is also committed to achieving net-zero emissions in its lending by 2050.