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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 | |
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
Dodgy Deals map
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
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.
Banks and Climate
Bank net zero commitments
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
Banks and Human Rights
Human Rights Benchmark November 2019
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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".
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.
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.
News
Documents
Links
Policies
Voluntary standards
Royal Bank of Canada (RBC) has committed itself to the following voluntary standards:Investment policies
Royal Bank of Canada's web page on corporate social responsibility can be accessed here.