Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2022-06-02 00:00:00
GFANZ must tighten the screw on fossil fuel expansion
2022-05-19 00:00:00
BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
2022-05-04 00:00:00
Barclays is big on beef and burning
2022-05-04 00:00:00
Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing
2022-05-20 15:14:47
Seven financiers abandon TotalEnergies' EACOP pipeline in a week
2021-12-16 13:33:02
Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
Equator Principles improve transparency after BankTrack shows the way
2021-11-02 11:03:26
ANZ launches human rights grievance mechanism in a first for the global banking sector
Connect
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
2022-03-08 00:00:00
BankTrack Annual Report 2021
2022-03-03 00:00:00
Locked out of a Just Transition: fossil fuel financing in Africa
2021-12-14 00:00:00
Actions speak louder: Assessing bank responses to human rights violations
2021-10-26 00:00:00
Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › Bank profiles
Royal Bank of Canada (RBC)Canada
About
Policies
Policy Assessments
Dodgy Deals
Dodgy Deals Map
Response Tracking
Documents
News
Media
Links
About
Policies
Policy Assessments
Dodgy Deals
Dodgy Deals Map
Response Tracking
Documents
News
Media
Links

Active

This profile is actively maintained

Created before Nov 2016
Last update: 2022-02-25 09:49:04

Send feedback on this profile
Download as PDF
Share this page:

Royal Bank Building in Toronto, Canada. Photo: Siqbal via Wikimedia Commons (CC BY-SA 3.0)

About Royal Bank of Canada (RBC)

The Royal Bank of Canada (in French, Banque Royale du Canada, and commonly RBC in either language) was founded in 1864 in Halifax, Nova Scotia and is the largest financial institution in Canada by measured deposits, revenues, and market capitalisation. The bank serves sixteen million clients and has more than 81,000 employees worldwide. The bank offers retail banking, corporate banking and investment banking services.

Website http://www.rbc.com
Headquarters
200 Bay Street
ON M5J 2J5 Toronto
Canada
CEO/chair David I. McKay
CEO
Supervisor
Superintendent of Financial Institutions (OSFI)
Annual reports CSR report 2021
Annual report 2021
Ownership
listed on NYSE, SIX Swiss Exchange & Toronto Stock Exchange

Royal Bank of Canada's shareholder structure can be accessed here.

Complaints and grievances

RBC does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. 

Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance). 

Related Dodgy Deals

Royal Bank Of Canada (RBC) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Royal Bank of Canada (RBC)
2021-08-31
CAN
2020
6
6
100
1.01000000007E+38
0
Canada
Profile
Reporting period
2020
PF deals under EP
6
Project names reported
6
% Project names reported
100
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-rbc-2019-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Royal Bank of Canada (RBC)
2021-03-24
CAN
91000
Canada
Profile
Target 2025
17.5
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20210324
Last update: 2021-03-24
Explanation

Goal 2025/2030: Pledged to publish interim commitments

Goal 2050: Net zero by 2050 (lending)

RBC joined the NZBA in October 2021

 

References
2021-2-25

RBC announces progress on its climate strategy including new sustainable finance target of $500 billion by 2025

2021-2-25 | RBC
2021-11-4

Our Commitment to the Net-Zero Banking Alliance

2021-11-4 | RBC
2021-12-31

Our Commitment to the Net-Zero Banking Alliance

2021-12-31 | RBC
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

Banks and Human Rights

Human Rights Benchmark November 2019

BankLast update
Country
Score
Ranking
Details
Royal Bank of Canada (RBC)
CAN
0.5
Laggard

A PHP Error was encountered

Severity: Notice

Message: Undefined property: stdClass::$col_values

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 417
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 315
Function: require_once

A PHP Error was encountered

Severity: Notice

Message: Undefined property: stdClass::$col_values

Filename: shared/tabletool_row.php

Line Number: 81

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool_row.php
Line: 81
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletool.php
Line: 69
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/shared/tabletools.php
Line: 7
Function: lv

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 173
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 417
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 296
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 315
Function: require_once

0
Canada
Score
Laggard
0.5
Explanation

Royal Bank of Canada (RBC)'s human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Laggard, with a total score of 0.5 out of 14.

Policy: 0.5/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

Response Tracking

This page evaluates Royal Bank of Canada (RBC)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
East African Crude Oil Pipeline (March 2021)
1.5
0.5
1
0
Dodgy Deal profile
Responded?
Total score
1.5
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score

The bank did not respond.

Following the bank's response: The bank publicly responded confirming that it is not involved in the financing of the project. It did not comment on or respond to the substance of the issues raised, therefore it received a half score.

Action
1
Out of 1
Rationale for score

No information available on whether the bank engaged with its client or took appropriate action.

Following the bank's response: The bank confirmed that it is not involved in the project, which constitutes appropriate action according to rights-holders involved in raising the issue with the bank.

Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.

Myanmar: Equity exposure to companies linked to the military regime, October 2021
0.5
0.5
0
n/a
Dodgy Deal profile
Responded?
Total score
0.5
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank responded citing client confidentiality
Action
0
Out of 1
Rationale for score
The bank does not engage with the allegations and do not mention appropriate measures of action. It only reiterates its engagment with ESG polciies but do not respond to any of the allegations.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
New bank links to Myanmar junta and atrocities found, July 28, 2021

Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Dodgy Deal profile
Responded?
Total score
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank confirmed reciept but did not otherwise respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
Letter to financiers of Rio Tinto, December 2021


Average
67%
0.67
0.33
0.33
0

News

| |
Type:
Year:
blog
external news
our news

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
blog
external news
our news

East Africa Crude Oil Pipeline: Fueled by RBC

2022-06-01 | Stand.earth
blog
external news
our news

12 banks lend $8 billion to oil and gas expansionist TotalEnergies

2022-05-13 | Reclaim Finance
blog
external news
our news

Banks’ Net-Zero lending ambitions hit snags in oil-rich Canada

2022-04-11 | Bloomberg
blog
external news
our news

At Royal Bank of Canada shareholder meeting, Wet’suwet’en Hereditary Chiefs call for an end to fossil fuel finance

Kicking-off shareholder season, Indigenous land defenders, climate finance experts, youth activists ramp up pressure on RBC
2022-04-07 | Traditional territories of the Ho-de-no-sau-nee-ga (Haudenosaunee), Anishinabewaki ᐊᓂᔑᓈᐯᐗᑭ, Mississaugas of the Credit First Nation, Mississauga, and Wendake-Nionwentsïo First Nations (so-called Toronto, Ontario, Canada) | Stand.earth
blog
external news
our news

Royal Bank of Canada abruptly cancels in-person portion of AGM as Wet’suwet’en Chiefs travel to confront bank’s funding of Coastal GasLink pipeline

Canada’s largest bank ducks accountability, attempts to avoid criticism of fossil fuel financing
2022-04-06 | Traditional territories of the Ho-de-no-sau-nee-ga (Haudenosaunee), Anishinabewaki ᐊᓂᔑᓈᐯᐗᑭ, Mississaugas of the Credit First Nation, Mississauga, and Wendake-Nionwentsïo First Nations (so-called Toronto, Ontario, Canada) | Stand.earth
blog
external news
our news

Canadian banks keep financing fossil fuels

2022-03-31 | The Tyee
blog
external news
our news

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
blog
external news
our news

Largest U.S. banks to face shareholder votes on climate change

2022-03-29 | American Banker
blog
external news
our news

Case study: Coastal GasLink pipeline at a glance

US Pensions' role in financing nearly $350 million in companies behind dangerous project blatantly ignoring Indigenous rights
2022-03-24 | Stand.earth
blog
external news
our news

Dozens of celebrities sign petition calling on RBC to stop financing Coastal GasLink pipeline in B.C.

Dozens of celebrities have signed a petition calling on the Royal Bank of Canada to stop financing the Coastal GasLink pipeline project in northern B.C.
2022-03-17 | CTV News
blog
external news
our news

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
blog
external news
our news

Wet’suwet’en hereditary chief takes fight against Coastal GasLink all the way to the banks

2021-12-20 | National Observer
blog
external news
our news

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
blog
external news
our news

Total’s deal with Suriname: the greenwashing of oil Block 58

Will this be the final red flag for the oil major’s financiers?
2021-11-24 | Maaike Beenes – BankTrack
blog
external news
our news

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
blog
external news
our news

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
blog
external news
our news

Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

Indigenous-led campaign, endorsed by 100+ groups, urges global investors and banks to divest from and stop financing Coastal GasLink and LNG Canada
2021-10-19 | Unceded xʷməθkʷəy̓ əm, Sḵwx̱wú7mesh and səlilwətaɬ territories (Vancouver, Canada) | Gidimt
blog
external news
our news

Canadian fossil-heavy banks join GFANZ

The news last Friday that Canada’s biggest banks have finally joined Mark Carney’s “Net Zero” Banking Alliance was met with a giant ho-hum by climate campaigners.
2021-10-15 | RBC Revealed
blog
external news
our news

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
blog
external news
our news

As extreme weather rages, RBC extends "sustainability" loan to Enbridge, actively expanding gas and tar sands pipelines

Consortium of banks finance pipeline builder in the lead up to COP 26 climate summit
2021-09-24 | Toronto, Canada | Giniw Collective, Stand.earth
blog
external news
our news

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
blog
external news
our news

New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
blog
external news
our news

Canada is burning, and our banks are fanning the flames

Canada’s big banks are financing the climate crisis through their fossil fuel lending, argues Richard Brooks
2021-07-13 | Responsible Investor
blog
external news
our news

Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
blog
external news
our news

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
blog
external news
our news

Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
blog
external news
our news

New report details the gendered and racial impacts of the fossil fuel industry in North America and complicit financial institutions

2021-04-14 | San Francisco Bay Area, California | WECAN
blog
external news
our news

32% of Royal Bank of Canada Shareholders Call for Bolder Climate Targets

2021-04-08 | SumOfUs
blog
external news
our news

Despite calls for change, Canada's RBC is one of world's top bankers to fossil fuel industry

2021-03-24 | CBC
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Enbridge’s “sustainable” credit: tar sands and rights violations

2021-03-10 | Reclaim Finance
blog
external news
our news

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
blog
external news
our news

RBC announces progress on its climate strategy including new sustainable finance target of $500 billion by 2025

2021-02-25 | RBC
blog
external news
our news

RBC targets net-zero emissions by 2050, commits C$500 bln to sustainable financing

2021-02-25 | Financial Post
blog
external news
our news

Royal Bank Of Canada Commits To Net-zero Emissions By 2050 In Its Lending

2021-02-25 | Nasdaq
blog
external news
our news

Demonstrators protest banks’ funding fossil fuels

2021-01-29 | Radio Canada International
blog
external news
our news

Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
blog
external news
our news

Scotiabank becomes fifth major Canadian bank to refuse to fund oil drilling in Arctic refuge

2020-12-14 | The Star
blog
external news
our news

Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
blog
external news
our news

The Big Banks’ Green Bafflegab

Look behind their pro-climate ads and do what they do. Follow the money.
2020-11-25 | The Tyee
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
blog
external news
our news

RBC will not finance Arctic refuge drilling, and puts restrictions on coal, under new investment guidelines

2020-10-05 | The Globe and Mail
blog
external news
our news

RBC announces new restrictions on financing coal, oil developments

2020-10-02 | Global News
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
blog
external news
our news

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
blog
external news
our news

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

BC union shareholder proposal prompts RBC to confirm screening of U.S. private prison industry & commit to greater human rights disclosure and engagement

Following a shareholder proposal by the B.C. Government and Service Employees’ Union (BCGEU), Royal Bank of Canada (RBC) has confirmed that it will not provide lending or financing services to companies including GEO Group (NYSE: GEO) and CoreCivic (NYSE: CXW). These U.S. private prison companies operate the majority of U.S. detention facilities currently detaining migrant families and children.
2020-03-05 | Burnaby, British Columbia | BC Government and Service Employees' Union
blog
external news
our news

Canadian banks going green still boost loans to the oil industry

2020-02-12 | Bloomberg
blog
external news
our news

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those at the World Economic Forum Annual Meeting
2020-01-21 | Greenpeace
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

HSBC's shift on energy lending has Suncor throwing its toys out of the pram

But new policy is no isolated move - finance for tar sands will dry up, just as it is doing for coal.
2018-08-09 | Ryan Brightwell – BankTrack
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

'Extreme' fossil fuel investments have surged under Donald Trump, report reveals

2018-03-28 | The Guardian
blog
external news
our news

Bank financing of ‘extreme fossil fuels’ rises 11% to $115bn

2018-03-28 | The Financial Times
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
blog
external news
our news

TCFD: banks supporting better disclosure are not the ones exiting coal project finance

Bank support for FSB Task Force recommendations is welcome, but reveals lack of joined-up thinking
2017-07-31 | Ryan Brightwell – BankTrack, Yann Louvel – BankTrack
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Cluster Bombs Are Banned Munitions, But Canadian Companies Are Investing In Them

2016-06-17 | The Huffington Post
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

LIBOR Lawsuits Could Have Bankrupted RBC, Says U.S. Court

2016-05-26 | The Huffington Post
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

RBC takes step away from tar sands

2010-12-23 | Canada | RAN
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Canada's First Nations peoples chastised Royal Bank of Canada (RY) for not doing enough to prevent

2010-03-04 | Toronto, Canada
blog
external news
our news

UK Taxpayers' money involved in financing controversial tar sands companies

Cashing in on Tar Sands: RBS, UK banks and Canada’s “blood oil”
2010-03-01 | London | Platform
blog
external news
our news

Royal Bank of Canada wins award for “most environmentally irresponsible company” at Davos

Tar sands financing causes global embarrassment for nation’s largest bank
2010-01-27 | Davos, Switzerland | Rainforest Action Network
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Die-In at Royal Bank of Canada Includes 100 Protesters Who Oppose the Bank’s Involvement In the Tar Sands

2009-10-27 | Ottawa, Canada
blog
external news
our news

Unlikely appeal to RBC first lady, Mrs. Janet Nixon, highlights bank’s involvement in tar sands

Rainforest Action Network scales 50' flagpole at RBC headquarters; asking for help from CEO's wife to stop expansion of destructive tar sands projects
2009-07-28 | Toronto | Rainforest Action Network
blog
external news
our news

Rainforest Action Network study ranks financed emissions of Canadian banks

Website lets customers compare carbon footprint of personal accounts
2008-11-19 | San fransisco | Rainforest Action Network
blog
external news
our news

Activists to banks: behave better in the Boreal

Market activists invite bank executives to develop new best practices
2005-09-07 | San Fransisco | Rainforest Action Network

Documents

Type:
Year:
correspondence
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
our publications
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
annual reports
2022-03-14 00:00:00

CSR report 2021

2022-03-14 00:00:00 | RBC
annual reports
2022-02-25 00:00:00

Annual report 2021

2022-02-25 00:00:00 | RBC
csr policies
2021-12-31 00:00:00

Our Commitment to the Net-Zero Banking Alliance

2021-12-31 00:00:00 | Royal Bank of Canada
our publications
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

2021-12-14 00:00:00 | BankTrack
correspondence
2021-12-12 00:00:00

Letter from BankTrack to Royal Bank of Canada on lithium mining in Serbia’s jadar valley

2021-12-12 00:00:00 | BankTrack
correspondence
2021-10-29 00:00:00

Letter from Royal Bank of Canada to BankTrack on response to letter regarding investments in Myanmar

2021-10-29 00:00:00 | Royal Bank of Canada
ngo documents
2021-09-23 00:00:00

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
2021-09-23 00:00:00 | Reclaim Finance
ngo documents
2021-04-14 00:00:00

Gendered and Racial Impacts of the Fossil Fuel Industry in North America and Complicit Financial Institutions

A Call to Action for the Health of our Communities and Nature in the Climate Crisis
2021-04-14 00:00:00 | WECAN
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
csr policies
2021-02-26 00:00:00

Environmental and social risk management

Date listed represents date as accessed on website
2021-02-26 00:00:00 | Royal Bank of Canada
ngo documents
2021-02-25 00:00:00

Open Letter from over 260 civil society organisations to banks on EACOP

2021-02-25 00:00:00 | 263 CSOs
csr policies
2021-01-01 00:00:00

Code of Conduct

2021-01-01 00:00:00 | Royal Bank of Canada
annual reports
2020-12-02 00:00:00

Annual Report 2020

2020-12-02 00:00:00 | Royal Bank of Canada
our publications
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
company documents
2020-10-02 00:00:00

Policy Guidelines for Sensitive Sectors and Activities

2020-10-02 00:00:00 | Royal Bank of Canada
ngo documents
2020-09-24 00:00:00

Fracking Fiasco: The banks that fueled the U.S. shale bust

2020-09-24 00:00:00 | Rainforest Action Network
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00 | Royal Bank of Canada
annual reports
2020-05-14 00:00:00

Environment, Social and Governance (ESG) report 2019

2020-05-14 00:00:00 | RBC
bank documents
2020-05-14 00:00:00

Task Force on Climate-related Financial Disclosures Report 2019

2020-05-14 00:00:00 | RBC
our publications
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
csr policies
2020-02-07 00:00:00

Global approach to anti-money-laundering (AML)

2020-02-07 00:00:00 | Royal Bank of Canada
annual reports
2020-01-27 00:00:00

Annual Report 2019

2020-01-27 00:00:00 | Royal Bank of Canada
bank documents
2020-01-27 00:00:00

RBC Impact Measurement Framework

Date listed represents date as accessed on website
2020-01-27 00:00:00 | Royal Bank of Canada
csr policies
2020-01-27 00:00:00

Supplier Code of Conduct

2020-01-27 00:00:00 | Royal Bank of Canada
correspondence
2019-12-10 00:00:00

Letter from BankTrack to RBC on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
csr policies
2019-11-25 00:00:00

Climate Blueprint

2019-11-25 00:00:00 | Royal Bank of Canada
ngo documents
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
bank documents
2019-04-30 00:00:00

Our Commitment to Sustainable Finance

2019-04-30 00:00:00 | Royal Bank of Canada
csr policies
2019-04-30 00:00:00

Modern Slavery Statement

2019-04-30 00:00:00 | Royal Bank of Canada
our publications
2019-04-10 00:00:00

Annual General Meeting Shareholder Briefing RBC

2019-04-10 00:00:00 | BankTrack
annual reports
2019-03-05 00:00:00

Annual Report 2018

2019-03-05 00:00:00 | Royal Bank of Canada
annual reports
2019-03-05 00:00:00

CSR Report 2018

2019-03-05 00:00:00 | Royal Bank of Canada
csr policies
2019-03-05 00:00:00

Environmental policy

2019-03-05 00:00:00 | Royal Bank of Canada
annual reports
2018-12-31 00:00:00

Corporate Responsibility Report 2018

2018-12-31 00:00:00 | Royal Bank of Canada
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to RBC on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
ngo documents
2018-02-28 00:00:00

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

2018-02-28 00:00:00 | Business & Human Rights Resource Centre
annual reports
2018-01-31 00:00:00

Annual Report 2017

2018-01-31 00:00:00 | Royal Bank of Canada
bank documents
2018-01-31 00:00:00

Carbon Disclosure Project RBC response 2017

2018-01-31 00:00:00 | Royal Bank of Canada
csr policies
2018-01-31 00:00:00

Climate change position & disclosure statement 2017

2018-01-31 00:00:00 | Royal Bank of Canada
annual reports
2018-01-31 00:00:00

Corporate Citizenship Report 2017

2018-01-31 00:00:00 | Royal Bank of Canada
correspondence
2018-01-18 00:00:00

Letter from Royal Bank of Canada to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations

2018-01-18 00:00:00 | Royal Bank of Canada
correspondence
2017-06-06 00:00:00

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports
2017-05-22 00:00:00

Annual Report 2016

2017-05-22 00:00:00 | RBC
annual reports
2017-04-06 00:00:00

Corporate Citizenship Report 2016

2017-04-06 00:00:00 | RBC
bank documents
2017-04-06 00:00:00

Energy: the environmental and economic challenge of the 21st century

2017-04-06 00:00:00 | Royal Bank of Canada
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
ngo documents
2010-04-01 00:00:00

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents
2009-01-31 00:00:00

RBC's Blue Water Problem

2009-01-31 00:00:00 | Rainforest Action Network
ngo documents
2008-11-19 00:00:00

Financing Global Warming: Canadian Banks and Fossil Fuels

2008-11-19 00:00:00 | RAN
ngo documents
2008-01-11 00:00:00

Profiles of European Banks

2008-01-11 00:00:00 | Ceres

Media

Video links

https://globalnews.ca/video/rd/883ee13a-a593-11ec-8e2b-0242ac110002/?jwsource=cl

Links

It's time for RBC to stop funding climate chaos

https://actions.sumofus.org/a/it-s-time-for-rbc-to-stop-funding-climate-chaos

No More Dirty Banks

City National is Hollywood's "Bank to the Stars". City National's parent company, the Royal Bank of Canada, is financing violations of Indigenous rights.

Film and music stars are calling on City National Bank's parent company, RBC, to stop funding these violations.

Take action and add your voice.

https://www.nomoredirtybanks.com/

Policies

Voluntary standards

Royal Bank of Canada (RBC) has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Dow Jones Sustainability Indices
  • Equator Principles
  • Global Reporting Initiative
  • Net-Zero Banking Alliance (NZBA)
  • Principles for Responsible Investment (PRI)
  • Sustainability Accounting Standards Board
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative

Investment policies

Royal Bank of Canada's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2021-12-31 00:00:00

Our Commitment to the Net-Zero Banking Alliance

2021-12-31 00:00:00 | Royal Bank of Canada
csr policies
2021-02-26 00:00:00

Environmental and social risk management

Date listed represents date as accessed on website
2021-02-26 00:00:00 | Royal Bank of Canada
csr policies
2021-01-01 00:00:00

Code of Conduct

2021-01-01 00:00:00 | Royal Bank of Canada
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00 | Royal Bank of Canada
csr policies
2020-02-07 00:00:00

Global approach to anti-money-laundering (AML)

2020-02-07 00:00:00 | Royal Bank of Canada
csr policies
2020-01-27 00:00:00

Supplier Code of Conduct

2020-01-27 00:00:00 | Royal Bank of Canada
csr policies
2019-11-25 00:00:00

Climate Blueprint

2019-11-25 00:00:00 | Royal Bank of Canada
csr policies
2019-04-30 00:00:00

Modern Slavery Statement

2019-04-30 00:00:00 | Royal Bank of Canada
csr policies
2019-03-05 00:00:00

Environmental policy

2019-03-05 00:00:00 | Royal Bank of Canada
csr policies
2018-01-31 00:00:00

Climate change position & disclosure statement 2017

2018-01-31 00:00:00 |