Public Profile

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.

38

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.

26

Industry Benchmark

Rbc's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.

89%

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, which are direct emissions from owned or controlled sources, and 63,713,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, primarily from business travel, accounted for about 32,216,000 kg CO2e. Over the years, RBC has made significant strides in reducing its carbon footprint. From 2021 to 2023, total emissions decreased from approximately 69,989,000 kg CO2e to 56,089,000 kg CO2e, reflecting a commitment to sustainability. The bank has also reported a reduction in emissions intensity from energy use, with figures showing a decrease from 57.0 kg CO2e per unit of electricity in 2023. Despite these achievements, RBC has not publicly committed to specific science-based targets or reduction initiatives. The absence of documented reduction targets suggests a need for further clarity on their long-term climate commitments. Overall, RBC's emissions data indicates a positive trend towards lower carbon emissions, aligning with broader industry efforts to combat climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20182020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Rbc's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Rbc is headquartered in CA, which has a rank of low, indicating low grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Similar Organizations

Bank Of America

US
Financial intermediation services, except insurance and pension funding services (65)
Updated about 5 hours ago

Lloyds Banking Group

GB
Financial intermediation services, except insurance and pension funding services (65)
Updated about 5 hours ago

DNB ASA

NO
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Danske Bank A Slash S

DK
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Power Financial Corporation

CA
Insurance and pension funding services, except compulsory social security services (66)
Updated 5 days ago

Ubs

CH
Financial intermediation services, except insurance and pension funding services (65)
Updated about 5 hours ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers