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.
+38 vs industry average
Rbc’s score of 73 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Rbc's reported carbon emissions
In 2025, RBC reported total carbon emissions of approximately 94.9 million kg CO2e, comprising Scope 1 emissions of about 25.9 million kg CO2e, Scope 2 emissions of approximately 3.6 million kg CO2e (market-based), and Scope 3 emissions of about 59.5 million kg CO2e. This data reflects a commitment to transparency in their environmental impact. RBC has set ambitious climate targets, aiming to reduce global emissions from their operations by 70% by 2025, using 2018 as the baseline year. This includes a commitment to source 100% of their electricity from renewable and non-emitting sources by the same year. Additionally, they aim to achieve a 35% reduction in Scope 1 emissions and a 54% reduction in Scope 2 emissions by 2030, both from a 2019 baseline. RBC is also committed to achieving net-zero emissions in their lending activities by 2050, demonstrating a long-term vision for sustainability. These initiatives are part of their broader strategy to address climate change and reduce their overall carbon footprint.
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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.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Rbc
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