Rcbc Sustainability Profile
RCBC, or Rizal Commercial Banking Corporation, is a prominent financial institution headquartered in the Philippines. Established in 1960, RCBC has grown to become a key player in the banking industry, offering a diverse range of services including retail banking, corporate banking, and investment banking. With a strong presence in major operational regions across the Philippines, the bank has consistently demonstrated its commitment to innovation and customer service. RCBC is renowned for its unique digital banking solutions, which enhance customer experience and accessibility. The bank has achieved significant milestones, including recognition for its sustainable banking practices and robust financial performance. As a trusted name in the industry, RCBC continues to solidify its market position through strategic initiatives and a focus on community development.
DitchCarbon Score
How does Rcbc'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
Rcbc's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Rcbc's reported carbon emissions
In 2024, Rizal Commercial Banking Corporation (RCBC) reported carbon emissions of approximately 9,629,000 kg CO2e, all from Scope 2 emissions, indicating their indirect emissions from purchased electricity. In 2023, RCBC's emissions were about 9,574,000 kg CO2e for Scope 2 and a significant 5,665,970,000 kg CO2e for Scope 3 emissions, which include investments. The total emissions for Scope 1 and 2 combined in 2023 were approximately 4,975,634,000 kg CO2e. RCBC has not set specific reduction targets or initiatives as per the latest data, and there are no climate pledges reported. The emissions data is not cascaded from a parent company, indicating that RCBC's reporting is independent. The bank's commitment to sustainability is reflected in its transparency regarding emissions, although further initiatives or targets would enhance its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 11,652,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | - |
How Carbon Intensive is Rcbc's Industry?
How Carbon Intensive is Rcbc's Location?
Rcbc's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Rcbc'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.
Rcbc 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.
