Royal Bank Holding Inc. Sustainability Profile
Royal Bank Holding Inc., commonly referred to as RBH, is a prominent financial institution headquartered in California. Established in the early 2000s, RBH has rapidly evolved within the banking industry, focusing on retail banking, investment services, and wealth management. With a strong presence in major operational regions across the West Coast, Royal Bank Holding Inc. offers a diverse range of core products, including personal and business banking solutions, investment portfolios, and tailored financial advisory services. What sets RBH apart is its commitment to customer-centric innovation and sustainable banking practices. Recognised for its robust market position, Royal Bank Holding Inc. has achieved significant milestones, including awards for excellence in customer service and financial technology integration. As a trusted partner in financial growth, RBH continues to shape the future of banking in California and beyond.
DitchCarbon Score
How does Royal Bank Holding 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
Royal Bank Holding Inc.'s score of 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Royal Bank Holding Inc.'s reported carbon emissions
In 2022, Royal Bank Holding Inc. reported total carbon emissions of approximately 68,000,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 269,100 kg CO2e, while Scope 2 emissions accounted for approximately 65,577,000 kg CO2e (with a market-based total of about 64,958,000 kg CO2e). Additionally, Scope 3 emissions from business travel were reported at approximately 11,920,000 kg CO2e. As a current subsidiary of Royal Bank of Canada, emissions data for Royal Bank Holding Inc. is cascaded from its parent company, which is responsible for the reported figures. However, there are currently no specific reduction targets or climate pledges outlined in their initiatives. Royal Bank Holding Inc. is committed to addressing climate change and reducing its carbon footprint, although specific reduction initiatives or targets have not been disclosed. The organisation's emissions data reflects its operational impact and highlights the need for ongoing efforts in sustainability and climate responsibility.
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| 2022 | |
|---|---|
| Scope 1 | 269,100 |
| Scope 2 | 64,958,000 |
| Scope 3 | 11,920,000 |
How Carbon Intensive is Royal Bank Holding Inc.'s Industry?
How Carbon Intensive is Royal Bank Holding Inc.'s Location?
Royal Bank Holding Inc.'s Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 15% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Royal Bank Holding 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.
Royal Bank Holding 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.
