T. Rowe Price Associates, Inc. Sustainability Profile
T. Rowe Price Associates, Inc., commonly referred to 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 known for its disciplined investment approach and commitment to long-term growth. The firm offers a diverse range of core products and services, including equity, fixed income, and multi-asset strategies, distinguished by its rigorous research and risk management processes. T. Rowe Price has achieved notable recognition for its performance and client service, positioning itself as a trusted partner for individual and institutional investors alike.
DitchCarbon Score
How does T. Rowe Price Associates, Inc.'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 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 Associates, Inc.'s score of 44 is higher than 67% 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 Associates, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of T. Rowe Price Group, Inc., any emissions data would be inherited from this parent organisation. However, there are no documented reduction targets or climate pledges outlined for T. Rowe Price Associates, Inc. at this time. The absence of specific emissions figures and reduction initiatives suggests that T. Rowe Price Associates, Inc. may still be in the early stages of formalising its climate commitments. As part of the broader financial services industry, the company is likely to be influenced by increasing regulatory and stakeholder pressures to disclose emissions and set ambitious reduction targets in line with global climate goals. For organisations in this sector, aligning with frameworks such as the Science Based Targets initiative (SBTi) and participating in initiatives like the Carbon Disclosure Project (CDP) are becoming essential for demonstrating climate responsibility. As T. Rowe Price Associates, Inc. develops its climate strategy, it will be important to monitor any future commitments or emissions data that may emerge.
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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 |
How Carbon Intensive is T. Rowe Price Associates, Inc.'s Industry?
How Carbon Intensive is T. Rowe Price Associates, Inc.'s Location?
T. Rowe Price Associates, Inc.'s Scope 3 Categories Breakdown
T. Rowe Price Associates, Inc.'s Scope 3 emissions, which decreased by 98% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.
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T. Rowe Price Associates, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
T. Rowe Price Associates, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
