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 48 is higher than 69% 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, primarily from stationary combustion (402,000 kg CO2e) and fugitive emissions (244,000 kg CO2e). Scope 2 emissions totalled approximately 18,340,000 kg CO2e, with purchased electricity accounting for the majority at about 18,203,000 kg CO2e. The company also disclosed significant Scope 3 emissions, amounting to approximately 130,124,000 kg CO2e, with the largest contributions from purchased goods and services (78,553,000 kg CO2e) and capital goods (21,328,000 kg CO2e). T. Rowe Price has set ambitious climate commitments, aiming to reduce Scope 1 and 2 emissions by 75% by 2030 compared to a 2021 baseline. Additionally, the firm has established a net zero target for Scope 1 and 2 emissions by 2040. For Scope 3 emissions, T. Rowe Price has pledged to achieve net zero by 2060, aligning with broader industry trends towards sustainability and carbon neutrality. The emissions data is sourced from T. Rowe Price Group, Inc., and reflects the company's ongoing commitment to addressing climate change through measurable targets and strategic initiatives.
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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 | 000,000 |
| Scope 2 | 36,650,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 5,941,000 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 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.
