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Rcbc
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 25 is lower than 60% 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 2023, Rizal Commercial Banking Corporation (RCBC), headquartered in the Philippines, reported total carbon emissions of approximately 5,665,970,000 kg CO2e. This figure includes 0 kg CO2e from Scope 1 emissions, 9,574,000 kg CO2e from Scope 2 emissions, and a significant 5,665,970,000 kg CO2e from Scope 3 emissions. The total emissions from Scope 1 and 2 combined amount to about 4,975,634,000 kg CO2e. Comparatively, in 2022, RCBC's Scope 2 emissions were slightly lower at 9,463,580 kg CO2e, while Scope 3 emissions were not disclosed. The bank has shown a commitment to transparency in its emissions reporting, with data disclosed for all relevant scopes in 2023. Despite the substantial emissions figures, RCBC has not set specific reduction targets or initiatives as part of its climate commitments. The absence of Science-Based Targets Initiative (SBTi) reduction targets indicates a potential area for future development in their sustainability strategy. Overall, RCBC's emissions data reflects its operational impact, particularly in Scope 3, which often encompasses indirect emissions from the value chain. The bank's ongoing efforts in sustainability reporting will be crucial as it navigates the evolving landscape of climate commitments and regulatory expectations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 11,652,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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.
Rcbc 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.
