Created before Nov 2016
Last update: 2018-04-18 11:43:24
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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 capitalization. The bank serves sixteen million clients and has more than 81,000 employees worldwide.
200 Bay Street
ON M5J 2J5 Toronto
David I. McKay |
Corporate Citizenship report 2017|
Annual Report 2017
listed on NYSE Euronext, SIX Swiss Exchange & Toronto Stock Exchange
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'Extreme' fossil fuel investments have surged under Donald Trump, report reveals
Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing
Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline
Greenpeace Investor Briefing: Problematic Pipelines
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Canada's First Nations peoples chastised Royal Bank of Canada (RY) for not doing enough to prevent
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Civil society groups call for bold steps forward with Equator Principles
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Unlikely appeal to RBC first lady, Mrs. Janet Nixon, highlights bank’s involvement in tar sands
Rainforest Action Network study ranks financed emissions of Canadian banks
How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre
Letter from Royal Bank of Canada to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Banking with Principles? Second Edition June 2016
Voluntary initiativesRoyal Bank of Canada (RBC) has committed itself to the following voluntary standards:
Royal Bank of Canada's Corporate Social Responsibility webpage can be viewed here.
Royal Bank of Canada (RBC) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Royal Bank of Canada (RBC) adopted the Equator Principles in 2003.
Reporting on the Equator Principles
Royal Bank of Canada (RBC) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Royal Bank of Canada (RBC) is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Royal Bank of Canada (RBC) on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Royal Bank of Canada (RBC) is assessed as a Laggard, with a total score of 0.5/12.
Implementation and reporting
Royal Bank of Canada (RBC) is reporting on the implementation here.