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 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 681,000 kg CO2e from Scope 1 emissions, 18,649,000 kg CO2e from Scope 2 emissions, and a significant 130,124,000 kg CO2e from Scope 3 emissions. The company's emissions from Scope 1 and 2 combined totalled about 77,434,000 kg CO2e. Over the years, T Rowe Price has demonstrated a commitment to reducing its carbon footprint. Notably, from 2020 to 2023, the company has made strides in decreasing its total emissions, which were approximately 23,834,000 kg CO2e in 2020, down to 149,454,000 kg CO2e in 2023. However, specific reduction targets or initiatives have not been disclosed, indicating a potential area for improvement in their climate strategy. T Rowe Price's emissions data reflects a broader industry context where financial institutions are increasingly scrutinised for their environmental impact, particularly regarding Scope 3 emissions, which often constitute the majority of a company's carbon footprint. The firm has yet to establish formal reduction targets under the Science Based Targets initiative (SBTi) or similar frameworks, which could enhance its climate commitments moving forward.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to any reduction initiatives 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.
