T Rowe Price
T. Rowe Price Group, Inc., commonly known as T. Rowe Price, is a prominent investment management firm headquartered in the United States. Founded in 1937, the company has established itself as a leader in the financial services industry, specialising in mutual funds, retirement plans, and investment advisory services. With a strong presence in major operational regions including North America, Europe, and Asia, T. Rowe Price is renowned for its disciplined investment approach and commitment to long-term performance. The firm offers a diverse range of core products, including equity, fixed income, and multi-asset strategies, distinguished by its rigorous research and risk management processes. T. Rowe Price has consistently achieved notable milestones, such as being recognised for its innovative investment solutions and strong client service, solidifying its position as a trusted partner for investors worldwide.
DitchCarbon Score
How does T Rowe Price'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 Services Auxiliary to 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
T Rowe Price's score of 46 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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T Rowe Price's reported carbon emissions
In 2023, T. Rowe Price reported total carbon emissions of approximately 149,454,000 kg CO2e. This figure includes Scope 1 emissions of about 681,000 kg CO2e, which consist of stationary combustion and fugitive emissions, and Scope 2 emissions of approximately 18,649,000 kg CO2e, primarily from purchased electricity. Additionally, Scope 3 emissions were significant, totalling around 130,124,000 kg CO2e. The company has set ambitious reduction targets, pledging to cut Scope 1 and 2 emissions by 75% by the year 2030, using 2021 as a baseline. Furthermore, T. Rowe Price aims for net zero emissions for Scope 1 and 2 by 2040. They have also committed to a long-term net zero target for Scope 3 emissions by 2060, aligning with global climate initiatives. Overall, T. Rowe Price's climate commitments reflect a proactive approach to reducing their carbon footprint and addressing climate change, with a focus on significant reductions in both direct and indirect emissions.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 928,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 36,650,000 | 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 3 | 5,941,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000,000 |
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.
T Rowe Price 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.
