Rbc
Royal Bank of Canada (RBC), one of the largest financial institutions in Canada, is headquartered in Toronto. Established in 1864, RBC has grown to become a leading player in the banking industry, with significant operations across North America and select international markets. The bank offers a diverse range of services, including personal and commercial banking, wealth management, insurance, and capital markets. RBC is renowned for its innovative digital banking solutions and commitment to customer service, setting it apart in a competitive landscape. With a strong market position, RBC consistently ranks among the top banks globally, recognised for its financial strength and stability. Key milestones in its history include the expansion into international markets and the adoption of cutting-edge technology to enhance customer experience.
DitchCarbon Score
How does Rbc'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
Rbc's score of 38 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Rbc's reported carbon emissions
In 2023, the Royal Bank of Canada (RBC) reported total carbon emissions of approximately 56,089 tonnes CO2e. This figure includes 23,873 tonnes CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 63,713 tonnes CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity. Additionally, RBC's Scope 3 emissions from business travel amounted to about 32,216 tonnes CO2e. RBC has demonstrated a significant reduction in its total emissions over recent years, decreasing from approximately 98,826 tonnes CO2e in 2020 to the latest figure in 2023. This represents a reduction of about 42% in total emissions over this period. The bank's Scope 1 and 2 emissions have also seen a decline, with Scope 1 emissions decreasing from 23,720 tonnes CO2e in 2020 to 23,873 tonnes CO2e in 2023, and Scope 2 emissions dropping from 77,668 tonnes CO2e in 2020 to 63,713 tonnes CO2e in 2023. RBC has engaged in various climate commitments, including participation in the Carbon Disclosure Project (CDP), where it has received scores ranging from C to B over the years, indicating a progressive approach to climate-related disclosures and actions. The bank has not specified any formal reduction targets under the Science Based Targets initiative (SBTi) but continues to report on its emissions and sustainability efforts. Overall, RBC's commitment to reducing its carbon footprint is evident through its decreasing emissions and active participation in climate-related initiatives, positioning itself as a responsible financial institution in the context of climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 24,821,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 97,291,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | 45,629,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Rbc is committed to some reduction initiatives 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.
