T Rowe Price Sustainability Profile
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 57 is higher than 74% 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 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. The firm has also committed to a long-term net zero target for Scope 3 emissions by 2060, reflecting its dedication to addressing the broader impacts of its operations. These commitments are part of T. Rowe Price's strategy to align with global climate goals and demonstrate leadership in sustainable investing. The emissions data is sourced from T. Rowe Price Group, Inc., ensuring accuracy and accountability in their reporting.
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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's Industry?
How Carbon Intensive is T Rowe Price's Location?
T Rowe Price's Scope 3 Categories Breakdown
T Rowe Price'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.
Top Scope 3 Categories
T Rowe Price'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 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.
