Rbc
Royal Bank of Canada (RBC), headquartered in Toronto, Ontario, is a leading financial institution in Canada and a prominent player in the global banking industry. Founded in 1864, RBC has evolved into one of the largest banks in North America, offering a diverse range of services including personal and commercial banking, wealth management, insurance, and capital markets. With a strong presence across Canada and significant operations in the United States and internationally, RBC is renowned for its innovative financial solutions and customer-centric approach. The bank's core products, such as its comprehensive investment services and tailored banking solutions, set it apart in a competitive market. RBC's commitment to sustainability and community engagement further enhances its reputation, making it a trusted choice for millions of clients worldwide.
DitchCarbon Score
How does Rbc'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 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
Rbc's score of 29 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Rbc's reported carbon emissions
In 2023, RBC reported total carbon emissions of approximately 56,089,000 kg CO2e. This figure includes 23,873,000 kg CO2e from Scope 1 emissions and 63,713,000 kg CO2e from Scope 2 emissions, with Scope 3 emissions from business travel contributing 32,216,000 kg CO2e. Over the previous years, RBC has demonstrated a significant reduction in emissions. In 2022, total emissions were about 70,457,000 kg CO2e, indicating a reduction of approximately 14,368,000 kg CO2e in just one year. The trend continues from 2021, where emissions were around 69,989,000 kg CO2e, and from 2020, which saw emissions of about 98,826,000 kg CO2e. RBC's emissions data shows a consistent decrease from 2018, when total emissions were approximately 167,741,000 kg CO2e. This reduction reflects the bank's commitment to addressing climate change, although specific reduction targets or initiatives have not been disclosed. RBC's climate commitments align with industry standards, focusing on reducing their carbon footprint and enhancing sustainability practices. The bank's headquarters is located in Canada, and it continues to work towards improving its environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 24,821,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 97,291,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | 45,629,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Rbc is committed to some 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.
