TORONTO, March 1, 2019 /CNW/ - RBC today released its 2018
Environmental, Social and Governance (ESG) Performance Report and
Public Accountability Statement (PAS). This document highlights
RBC's commitment to environmental, social and governance
priorities, as well as our purpose-driven, principles-led approach
to delivering leading performance.
The ESG Performance Report and PAS
provides investors and other stakeholders with information about
our strategy, commitments and performance on relevant
environmental, social and governance topics. The report outlines
RBC's commitment to the following priority areas: governance and
integrity, value for clients, value for employees, value for
society and environment sustainability. It also outlines RBC's
contribution to the economy and society in Canada, which are key measures supporting
RBC's purpose to help clients thrive and communities prosper.
"RBC is a purpose-driven organization, and how we act is just as
important as what we achieve," said Valerie
Chort, Vice-President, Corporate Citizenship, RBC. "Our
commitment to building a more sustainable future for the economy,
society and the environment is core to our purpose of helping
clients thrive and communities prosper."
Among the many examples of RBC's impact throughout the report,
key highlights include:
- In the first year since program inception, RBC Future Launch,
our 10-year, $500 million commitment
to prepare Canadian youth for the future of work, provided
$46.2 million to over 440 charitable
partners, reaching close to 1.5 million young people.
- For the third year in a row, RBC ranked #1 in Customer
Satisfaction Among the Big Five Retail Banks by J.D. Power.
- In 2018, RBC became the first Canadian bank to publish a
stand-alone Climate Change Position Statement that considers the
recommendations of the Financial Stability Board's Task Force on
Climate-Related Financial Disclosures (TCFD), and identified
climate change as an emerging risk in our 2017 and 2018 Annual
Reports.
- RBC continues to be recognized as leaders in diversity and
inclusion. In 2018, RBC was named one of the 2018 Top 100 most
diverse and inclusive organizations globally by Thomson Reuters
D&I Index, and has been listed on the Bloomberg Financial
Services Gender Equality Index for two consecutive years.
For more information on RBC's commitment to community and
sustainability, or to read the full report, visit:
www.rbc.com/community-sustainability or www.impact.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 84,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our 16 million clients in Canada, the U.S. and 33 other
countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-sustainability.
SOURCE Royal Bank of Canada