Royal Bank of Canada
Royal Bank of Canada's GHG Emissions Data Preview
In 2024, Royal Bank of Canada completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Royal Bank of Canada has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Royal Bank of Canada’s Greenhouse Gas (GHG) Emissions Data
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Insights into Royal Bank of Canada's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Royal Bank of Canada amounted to 91,141 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Royal Bank of Canada increased by 4.06%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Royal Bank of Canada's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Royal Bank of Canada's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Royal Bank of Canada were 23,090 metric tons of CO₂ equivalent (tCO₂e). a
Has Royal Bank of Canada reduced its Scope 1 emissions over time?
Since 2018, Royal Bank of Canada's Scope 1 emissions have decreased by 6.97%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Royal Bank of Canada's Scope 1 emissions decreased by 3.28%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Royal Bank of Canada's Scope 2 emissions?
In 2024, Royal Bank of Canada reported Scope 2 greenhouse gas (GHG) emissions of 6,718 tCO₂e using the market-based method and 68,051 tCO₂e using the location-based method. a
Has Royal Bank of Canada reduced its Scope 2 emissions over time?
Since 2018, Royal Bank of Canada's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 33.29%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Royal Bank of Canada's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Royal Bank of Canada 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Royal Bank of Canada use for Scope 2 reporting?
In 2024, Royal Bank of Canada reported its Scope 2 emissions using the market-based method and using the location-based method. a
Royal Bank of Canada's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Royal Bank of Canada's Value Chain Emissions
In 2024, Royal Bank of Canada reported 43,940,560 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Royal Bank of Canada includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Royal Bank of Canada's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Royal Bank of Canada's Scope 3 emissions?
In 2024, Royal Bank of Canada reported total Scope 3 emissions of 43,940,560 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.07% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.93% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Royal Bank of Canada reduced its Scope 3 emissions over time?
Since 2018, Royal Bank of Canada's Scope 3 emissions have increased by 96,199.63%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Royal Bank of Canada's Scope 3 emissions remained relatively stable, indicating that Royal Bank of Canada 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Royal Bank of Canada disclose?
In 2024, Royal Bank of Canada reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Royal Bank of Canada's Scope 3 emissions?
In 2024, the largest contributors to Royal Bank of Canada's Scope 3 emissions were: a
- Investments (Cat. 15): 43,910,000 tCO₂e (99.93%)
- Business Travel (Cat. 6): 30,560 tCO₂e (0.07%)
Royal Bank of Canada's Scope 3 Emissions by Categories
Insights into Royal Bank of Canada's Total Carbon Footprint
In 2024, Royal Bank of Canada reported a total carbon footprint of 44,031,701 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.7% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Royal Bank of Canada's total carbon footprint was Scope 3 emissions, accounting for 99.79% of the company's total carbon footprint, followed by Scope 2 emissions at 0.15%. a