T Rowe Price

T. Rowe Price, a US-based financial services company, reported Scope 1 emissions of approximately 1,845,000 kg CO2e for 2024. Scope 2 (market-based) emissions for the same year were about 17,219,000 kg CO2e, and Scope 3 emissions totalled approximately 211,839,000 kg CO2e. This includes investments at 76,000 kg CO2e, capital goods at 58,448,000 kg CO2e, business travel at 21,742,000 kg CO2e, employee commute at 13,514,000 kg CO2e, purchased goods and services at 113,323,000 kg CO2e, waste generated in operations at 70,000 kg CO2e, and fuel and energy-related activities at 4,614,000 kg CO2e.

Looking back, in 2023, the company's Scope 1 emissions were approximately 681,000 kg CO2e, and Scope 2 (location-based) emissions were around 18,340,000 kg CO2e. Scope 3 emissions for 2023 included investments of about 93,000 kg CO2e, though data for purchased goods and services was not available.

T. Rowe Price has committed to several climate targets. They aim to reduce Scope 1 and Scope 2 emissions by 75% by the end of 2030, using a 2021 baseline. Additionally, they have a long-term net-zero target for Scope 1 and Scope 2 GHG emissions by 2040, established in 2023. The company also states a 2040 net-zero target for all scopes. They previously pledged to cut carbon emissions (Scope 1 and Scope 2) by 50-52% below 2005 levels by 2030.