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RBC releases 2018 Environmental, Social and Governance (ESG) Performance Report and Public Accountability Statement (PAS)

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


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