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T. Rowe Price prioritizing cut in greenhouse gas emissions



In its annual corporate social responsibility report, T. Rowe Price announced Thursday that while the Baltimore fund manager’s greenhouse gas emissions increased by 1 percent since 2010, its emissions per associate dropped 28 percent, even with a 39 percent increase in associate population.

The company decreased its landfill waste by 80 percent, increased recycling by 58 percent and expanded its composting efforts last year and composted 50,000 pounds of waste.

The firm installed 7,000 solar panels on its Owings Mills campus last year, which supplies 15 percent of the energy to surrounding buildings. Some 37 percent of T. Rowe’s properties have an environmental certification, the company said.

In addition, many T. Rowe associates reported serving on environmental sustainability teams across the company’s offices around the world. Some also lead their own projects including upcycling contests with other associates and hosting farmer’s markets on T. Rowe’s campuses.

Associates also grew more than 600 pounds of produce in T. Rowe’s corporate gardens and donated them to local charities to address hunger in local communities and support sustainable agriculture, the company said.

In all, more than half of T. Rowe employees clocked at least 57,000 volunteer hours through both personal and company-sponsored initiatives, over 300 associates serve on nonprofit boards, associates donated $6.7 million and gifts matched by the T. Rowe Price Foundation have doubled in the past five years and made up 62 percent of the foundation’s giving last year.