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 76% 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's reported carbon emissions
In 2023, T. Rowe Price reported total carbon emissions of approximately 149,454,000 kg CO2e. This figure includes Scope 1 emissions of about 681,000 kg CO2e, Scope 2 emissions of approximately 18,649,000 kg CO2e, and significant Scope 3 emissions totalling around 130,124,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, pledging to cut Scope 1 and 2 emissions by 75% by the end of 2030 compared to a 2021 baseline. Additionally, T. Rowe Price aims for net zero emissions for Scope 1 and 2 by 2040. Looking at previous years, in 2022, the total emissions were about 34,976,000 kg CO2e, with Scope 1 at 941,000 kg CO2e, Scope 2 at approximately 19,210,000 kg CO2e, and Scope 3 at around 14,826,000 kg CO2e. The trend shows a commitment to reducing emissions across all scopes, with a notable focus on Scope 3, which encompasses indirect emissions from the value chain. T. Rowe Price's long-term climate commitment includes a net zero target for Scope 3 emissions by 2060, reflecting a comprehensive approach to sustainability. The company is actively working towards these goals, demonstrating a strong commitment to addressing climate change and reducing its overall environmental impact.
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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 participating in any of the initiatives that 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.
