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, primarily from business travel, contributing 32,216,000 kg CO2e. Over the previous years, RBC's emissions have shown fluctuations: in 2022, total emissions were about 70,457,000 kg CO2e, while in 2021, they were approximately 69,989,000 kg CO2e. Notably, the bank's Scope 1 and 2 emissions combined reached about 66,684,000 kg CO2e in 2021 and 98,826,000 kg CO2e in 2020. Despite these figures, RBC has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the financial sector, particularly as global awareness of climate change intensifies. RBC's emissions intensity from energy use has varied, with reported values of 25.0 in 2021 and 32.0 in 2022, indicating a potential area for improvement in energy efficiency. As the bank continues to navigate its environmental impact, further transparency and commitment to reduction targets will be essential for aligning with industry standards and expectations.
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.
