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T Rowe Price Group Inc
T Rowe Price Group's GHG Emissions Data Preview
In 2024, T Rowe Price Group 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).
T Rowe Price Group has also provided a category-level breakdown for 8 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.  b | Copy restricted. Please purchase to unlock this data.  | 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.  b | Copy restricted. Please purchase to unlock this data.  c | 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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bVerified Sources Behind T Rowe Price Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into T Rowe Price Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofT Rowe Price Group amounted to18,904metric 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 T Rowe Price Groupdecreased by 0.62%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
T Rowe Price Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are T Rowe Price Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of T Rowe Price Group were 1,845 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has T Rowe Price Group reduced its Scope 1 emissions over time?
Since 2019, T Rowe Price Group's Scope 1 emissions have increased by 29.56%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), T Rowe Price Group's Scope 1 emissions increased by 170.93%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are T Rowe Price Group's Scope 2 emissions?
In 2024, T Rowe Price Group reported Scope 2 greenhouse gas (GHG) emissions of 17,219 tCOâ‚‚e using the market-based method and 17,059 tCOâ‚‚e using the location-based method.a
Has T Rowe Price Group reduced its Scope 2 emissions over time?
Since 2019, T Rowe Price Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 31.19%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), T Rowe Price Group's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that T Rowe Price Group's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does T Rowe Price Group use for Scope 2 reporting?
In 2024, T Rowe Price Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
T Rowe Price Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into T Rowe Price Group's Value Chain Emissions
In 2024, T Rowe Price Group reported 349,927,823 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of T Rowe Price Group includes a breakdown across 8of 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
T Rowe Price Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are T Rowe Price Group's Scope 3 emissions?
In 2024, T Rowe Price Group reported total Scope 3 emissions of 349,927,823 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.06%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.94%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has T Rowe Price Group reduced its Scope 3 emissions over time?
Since 2019, T Rowe Price Group's Scope 3 emissionshave increased by 3,429,220.1%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), T Rowe Price Group's Scope 3 emissions decreased by 20.92%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
What categories of Scope 3 emissions does T Rowe Price Group disclose?
In 2024, T Rowe Price Group reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of T Rowe Price Group's Scope 3 emissions?
In 2024, the largest contributors to T Rowe Price Group's Scope 3 emissions were:a
- Investments (Cat. 15): 349,715,902 tCOâ‚‚e(99.94%)
- Purchased Goods and Services (Cat. 1): 113,323 tCOâ‚‚e(0.03%)
- Capital Goods (Cat. 2): 58,448 tCOâ‚‚e(0.02%)
T Rowe Price Group's Scope 3 Emissions by Categories
Insights into T Rowe Price Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, T Rowe Price Group reported Scope 1 greenhouse gas (GHG) emissions of 1,845 tCOâ‚‚e and total revenues of USD 7,093 millions. This translates into an emissions intensity of 0.26 tCOâ‚‚e per millions USD.a
T Rowe Price Group's Scope 1 Emissions Intensity Compared to Peers
How does T Rowe Price Group's GHG emissions intensity compare to its peers?
In 2024, T Rowe Price Group reported a Scope 1 emissions intensity of 0.26 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.16, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does T Rowe Price Group rank on GHG emissions intensity within its industry?
In 2024, T Rowe Price Group ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
T Rowe Price Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into T Rowe Price Group's Total Carbon Footprint
In 2024, T Rowe Price Group reported a total carbon footprint of 349,946,727 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.92% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to T Rowe Price Group's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0%.a