Rbc
Royal Bank of Canada (RBC), headquartered in Toronto, Ontario, is a leading financial institution in Canada and a prominent player in the global banking industry. Founded in 1864, RBC has evolved into one of the largest banks in North America, offering a diverse range of services including personal and commercial banking, wealth management, insurance, and capital markets. With a strong presence across Canada and significant operations in the United States and internationally, RBC is renowned for its innovative financial solutions and customer-centric approach. The bank's core products, such as its comprehensive investment services and tailored banking solutions, set it apart in a competitive market. RBC's commitment to sustainability and community engagement further enhances its reputation, making it a trusted choice for millions of clients worldwide.
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 90% 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, RBC reported total carbon emissions of approximately 56,089,000 kg CO2e. This figure includes 23,873,000 kg CO2e from Scope 1 emissions and 63,713,000 kg CO2e from Scope 2 emissions, with Scope 3 emissions from business travel accounting for 32,216,000 kg CO2e. Over the years, RBC has demonstrated a commitment to reducing its carbon footprint. From 2016 to 2023, the bank's total emissions decreased from about 132,663,000 kg CO2e to 56,089,000 kg CO2e, reflecting a significant reduction in emissions. Notably, the bank's Scope 1 and 2 emissions combined fell from 86,648,000 kg CO2e in 2020 to 23,873,000 kg CO2e in 2023, showcasing a strong focus on improving energy efficiency and reducing direct emissions. RBC has disclosed emissions data across all three scopes (1, 2, and 3) and continues to engage in various sustainability initiatives. However, there are currently no specific reduction targets or climate pledges outlined in their commitments. The bank's ongoing efforts align with industry standards for climate action, contributing to a broader movement towards sustainability in the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | 27,218,000 | 00,000,000 | 00,000,000 | 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 not committed to any 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.
