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 97% 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, which encompass direct emissions from owned or controlled sources, and 130,124,000 kg CO2e from Scope 3 emissions, which cover indirect emissions from the value chain. The Scope 2 emissions, related to purchased electricity and steam, amounted to about 18,649,000 kg CO2e. Over the years, T. Rowe Price has demonstrated a commitment to reducing its carbon footprint. For instance, in 2020, the company recorded total emissions of approximately 23,834,000 kg CO2e, indicating a significant reduction from previous years. However, there are currently no specific reduction targets or initiatives disclosed, such as those aligned with the Science Based Targets initiative (SBTi). The company continues to focus on its climate commitments, although detailed reduction strategies have not been outlined. As a financial services firm headquartered in the US, T. Rowe Price is part of a growing trend among corporations to address climate change and enhance sustainability practices within their operations.
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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 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.
