T Rowe Price

T Rowe Price's reported carbon emissions

T. Rowe Price, a US-based financial intermediation services provider, has set ambitious climate targets. For 2024, their total emissions were approximately 140,057,000 kg CO2e. This figure is comprised of Scope 1 emissions totalling about 1,845,000 kg CO2e and Scope 2 emissions amounting to approximately 17,219,000 kg CO2e (market-based). Scope 3 emissions, specifically purchased goods and services, were reported at about 113,323,000 kg CO2e for the same year. Looking back, in 2023, T. Rowe Price reported Scope 1 emissions of roughly 681,000 kg CO2e and Scope 2 emissions of approximately 18,340,000 kg CO2e. In 2022, Scope 1 emissions were about 941,000 kg CO2e, with Scope 2 emissions at approximately 19,210,000 kg CO2e. The company is committed to a significant reduction in its carbon footprint. They aim to cut Scope 1 and 2 emissions by 75% by the end of 2030, using 2021 as their baseline year. This aligns with a broader commitment to achieve net zero greenhouse gas emissions by 2040, covering both Scope 1 and Scope 2 emissions. Previously, a target was set to cut carbon emissions by 50-52% below 2005 levels by 2030, encompassing both Scope 1 and Scope 2. T. Rowe Price has also launched its first Net Zero Transition strategy.