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T Rowe Price
Services Auxiliary to Financial IntermediationUnited States
Last verified 7 months agotroweprice.com
T. Rowe Price Group, Inc., commonly known as T. Rowe Price, is a prominent player in the services auxiliary to financial intermediation sector, headquartered in the United States. Founded in 1937, the firm has established itself as a leader in investment management, offering a diverse range of services including mutual funds, retirement plans, and advisory solutions tailored to meet the needs of individual and institutional investors.
With a strong presence in major operational regions across North America, Europe, and Asia, T. Rowe Price is renowned for its disciplined investment approach and commitment to long-term performance. The company’s unique investment strategies, underpinned by rigorous research and a collaborative culture, have garnered numerous accolades, solidifying its market position as a trusted partner in wealth management.
57
DitchCarbon score
+20 vs industry average
T Rowe Price’s score of 57 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
T Rowe Price's reported carbon emissions
T. Rowe Price, a US-based company in Services auxiliary to financial intermediation, reported its 2024 Scope 1 emissions as 1,845,000 kg CO2e, Scope 2 market-based emissions as 17,219,000 kg CO2e, and Scope 3 emissions from purchased goods and services as 113,323,000 kg CO2e.
Looking back, the company's Scope 1 and 2 location-based emissions have fluctuated, decreasing from 30,769,000 kg CO2e in 2018 to 19,021,000 kg CO2e in 2023.
T. Rowe Price has committed to ambitious climate targets. The company has pledged to reduce its Scope 1 and 2 emissions by 75% by the end of 2030, using a 2021 baseline. Furthermore, T. Rowe Price has established a net-zero target for 2040, covering Scope 1 and 2 GHG emissions. The company also has a long-term net-zero target for all scopes by 2040. Earlier commitments from 2005 aimed to cut Scope 1 and Scope 2 carbon emissions by 50-52% by 2030.
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T Rowe Price’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
T Rowe Price7 months ago
57
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