Royal Bank of Canada (RBC) is a leading financial institution headquartered in Toronto, Ontario, Canada. As one of the largest banks in the country, RBC provides a comprehensive range of financial intermediation services, excluding insurance and pension funding, to clients across Canada and internationally. Founded in 1864, RBC has a long-standing history of stability and innovation within the financial sector.
Specialising in retail banking, wealth management, and corporate banking, RBC is recognised for its customer-centric approach and advanced digital banking solutions. Its market position is reinforced by a strong presence across North America and key global markets, making it a notable player in the financial services industry. With a focus on delivering tailored financial products, RBC continues to uphold its reputation for reliability and industry leadership.
+37 vs industry average
Rbc’s score of 74 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Rbc?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Rbc's reported carbon emissions
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.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Rbc’s Climate Goals (2030 & 2050)
6 goals2030
54% reduction in Scope 2
We aim to reduce our Scope 2 emissions by 54% by 2030 from a 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 6 climate goals
Already have an account? Sign in now
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Emissions comparison with industry peers
View similar organisations
Rbc
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project