Rbc

RBC (Royal Bank of Canada) reported its 2025 Scope 1 emissions as 25,927,000 kg CO2e, Scope 2 (market-based) emissions as 3,562,000 kg CO2e, and Scope 3 emissions as 59,519,000 kg CO2e. In 2024, the company's Scope 1 emissions were 23,090,000 kg CO2e, Scope 2 (market-based) emissions were 6,718,000 kg CO2e, and Scope 3 emissions were 60,368,000 kg CO2e. For 2023, RBC reported Scope 1 emissions of 23,873,000 kg CO2e, Scope 2 (market-based) emissions of 14,842,000 kg CO2e, and Scope 3 emissions of 88,729,000 kg CO2e.

RBC has set several climate commitments, aiming to achieve net-zero emissions in its lending by 2050. Near-term targets include a 70% reduction in global Scope 1 and Scope 2 emissions from its own operations by 2025, compared to a 2018 baseline. Additionally, the company aims to source 100% of its electricity from renewable and non-emitting sources by 2025. By 2030, RBC plans to reduce its Scope 1 emissions by 35% from a 2019 baseline and its Scope 2 emissions by 54% from a 2019 baseline. The company also aims for a physical emissions intensity of 5.0 g CO2e/MJ by 2030 for its oil and gas portfolio.

Historically, RBC successfully achieved and exceeded its target to reduce GHG emissions from its Canadian logistics and delivery network by 20% by 2018 from a 2012 baseline, achieving a 50% reduction. It also met its 2018 target to reduce GHG emission intensity in its properties by 20% from a 2012 baseline, achieving a 28.4% reduction.