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 69 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Rbc's reported carbon emissions
In 2024, RBC reported total carbon emissions of approximately 60,368,000 kg CO2e, a decrease from about 70,931,000 kg CO2e in 2023. The emissions breakdown for 2024 includes 23,090,000 kg CO2e from Scope 1, 6,718,000 kg CO2e from Scope 2 (market-based), and 30,560,000 kg CO2e from Scope 3, specifically from business travel. RBC has set ambitious climate commitments, aiming to reduce global emissions from its operations by 70% by 2025, using 2018 as the baseline year. This target encompasses both Scope 1 and Scope 2 emissions. Additionally, RBC plans to source 100% of its electricity from renewable and non-emitting sources by 2025. For the longer term, the bank aims to achieve net-zero emissions in its lending activities by 2050. In terms of specific reduction targets, RBC is also focused on reducing its Scope 2 emissions by 54% by 2030 from a 2019 baseline and aims for a 35% reduction in Scope 1 emissions by the same year. Furthermore, the bank has set a goal for a physical emissions intensity of 5.0 g CO2e/MJ by 2030. Overall, RBC's commitment to sustainability reflects a proactive approach to addressing climate change, with significant targets aimed at reducing its carbon footprint across various scopes of emissions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 24,821,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 93,961,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 45,629,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 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 participating in any of the initiatives that 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.
