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RVBA-TRPGPrivate

T. Rowe Price Group

US
no trajectory chart yet — needs at least one percent-reduction target with matching scope data

Headline intensities

·Values in USD ($)
Peer cohort: · lower is better
Revenue intensity
Carbon / $m revenue
tCO2e / $m revenue

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

Operational intensity
Carbon / $m OpEx
tCO2e / $m OpEx

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

Economic intensity
Carbon / $m EVIC
tCO2e / $m EVIC

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

Asset intensity
Carbon / $m PP&E + leased
tCO2e / $m PP&E

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Climate action evidence

3 records · 2 sources
Net-zero claim · FY2050 · In corporate strategy · nzt
(Pg. 39) As of April 25, 2022, T. Rowe Price has become a signatory of the Net Zero Asset Managers initiative (NZAMI). NZAMI is an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C. It launched in December 2020 as a sibling organization to the Net Zero Asset Owners Alliance, with the aim of galvanizing the asset management industry to provide products suitable for as
Carbon credits retired
195 tCO2e
1 retirement · FY2025 · third-party verified
No self-reported carbon removals for FY2025.
Last traced year · FY2024 · 35 tCO2e across 1 retirement
By credit quality
  • Durable removals195 tCO2e(100%)
Retirements by year and credit class
2025
195tCO₂e
2024
35tCO₂e
2023
8.5ktCO₂e
Durable removalsAvoidance
Renewable electricity
No third-party REC retirements on file and no self-reported renewable share disclosed.
Sources
  • · Puro.earth Registry
  • · car
Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

1 target
ScopeBaseTargetReductionAlignmentProgressStatus
Scope 1 + 220212030−75%In corporate strategyinsufficient data

Net zero

1 target
ScopeBaseTargetReductionAlignmentProgressStatus
Scope 1 + 2 + 32050In corporate strategyabsolute-value target
Partial profile

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Latest reporting year

all years + ratios →

2025

reporting year
Financials
Revenue
OpEx
FTE
Market cap (FY-end)
Climate
Scope 1
Scope 2 (market)
Scope 2 (location)
Scope 3 total