RBC Wealth Management, Inc. Sustainability Profile
RBC Wealth Management, Inc., a prominent player in the financial services industry, is headquartered in the United States and operates extensively across North America. Founded in 1901, the firm has established itself as a leader in wealth management, offering a comprehensive suite of services that includes investment management, financial planning, and estate planning. RBC Wealth Management distinguishes itself through its client-centric approach, leveraging deep industry expertise to tailor solutions that meet individual client needs. With a strong market position, the firm has received numerous accolades for its commitment to excellence and innovation in wealth management. As part of the Royal Bank of Canada group, RBC Wealth Management continues to build on its legacy, providing clients with the resources and insights necessary to achieve their financial goals.
DitchCarbon Score
How does RBC Wealth Management, Inc.'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 Wealth Management, Inc.'s score of 61 is higher than 78% 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 Wealth Management, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The organisation is a current subsidiary of the Royal Bank of Canada, which cascades emissions data and climate commitments from its parent company. As of now, RBC Wealth Management has not outlined any specific reduction targets or initiatives. The absence of documented reduction targets suggests that the firm may be in the early stages of developing a comprehensive climate strategy. The emissions data and climate commitments are inherited from the Royal Bank of Canada, which operates at a cascade level of 4. This means that any climate-related initiatives or performance metrics would be reflective of the broader corporate family’s commitments rather than specific to RBC Wealth Management itself. In summary, while RBC Wealth Management, Inc. does not currently report specific emissions figures or reduction targets, it is part of a larger corporate structure that may influence its future climate commitments and performance.
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Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 35,905,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 86,816,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is RBC Wealth Management, Inc.'s Industry?
How Carbon Intensive is RBC Wealth Management, Inc.'s Location?
RBC Wealth Management, Inc.'s Scope 3 Categories Breakdown
RBC Wealth Management, Inc.'s Scope 3 emissions, which decreased by 5% last year and increased by approximately 4% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 51% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
RBC Wealth Management, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
RBC Wealth Management, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
