T Rowe Price Group Inc
T Rowe Price Group's GHG Emissions Data Preview
In 2023, 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into T Rowe Price Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of T Rowe Price Group amounted to 19,021 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of T Rowe Price Group decreased by 5.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
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 2023, the total Scope 1 emissions of T Rowe Price Group were 681 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has T Rowe Price Group reduced its Scope 1 emissions over time?
Since 2018, T Rowe Price Group's Scope 1 emissions have decreased by 68.5%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), T Rowe Price Group's Scope 1 emissions decreased by 27.63%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are T Rowe Price Group's Scope 2 emissions?
In 2023, T Rowe Price Group reported Scope 2 greenhouse gas (GHG) emissions of 18,649 tCOâ‚‚e using the market-based method, and 18,340 tCOâ‚‚e using the location-based method.
What methodology does T Rowe Price Group use for Scope 2 reporting?
In 2023, T Rowe Price Group reported its Scope 2 emissions using the market-based method and using the location-based method.
T Rowe Price Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into T Rowe Price Group's Value Chain Emissions
In 2023, T Rowe Price Group reported 442,476,165 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of T Rowe Price Group includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
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 2023, T Rowe Price Group reported total Scope 3 emissions of 442,476,165 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 0.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.97% came from downstream activities like product use, distribution, and end-of-life treatment.
Has T Rowe Price Group reduced its Scope 3 emissions over time?
Since 2018, T Rowe Price Group's Scope 3 emissions have increased by 5,294,577.1%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), T Rowe Price Group's Scope 3 emissions increased by 522.91%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does T Rowe Price Group disclose?
In 2023, T Rowe Price Group reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to T Rowe Price Group's Scope 3 emissions were:
- Investments (Cat. 15): 442,346,041 tCOâ‚‚e (99.97%)
- Purchased Goods and Services (Cat. 1): 78,553 tCOâ‚‚e (0.02%)
- Capital Goods (Cat. 2): 21,328 tCOâ‚‚e (0%)
T Rowe Price Group's Scope 3 Emissions by Categories
Insights into T Rowe Price Group's Total Carbon Footprint
In 2023, T Rowe Price Group reported a total carbon footprint of 442,495,186 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 522.76% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to T Rowe Price Group's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 2 emissions at 0%.