As of 2025, Royal Bank of Canada has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Royal Bank of Canada's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | -70%a | 2025 |
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As of 2025, Royal Bank of Canada has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories.a
As of 2025, Royal Bank of Canada has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Royal Bank of Canada's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 140,114 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018, by 70% by 2025.a
As of 2025, Royal Bank of Canada is lagging behind on its total carbon footprint reduction target, having achieved 82.17% of the planned reduction.a