DAILY NEWS Jul 3, 2014 1:19 PM - 1 comment

Royal Bank of Canada sets sustainability strategy

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By: HazMat Staff

The Royal Bank of Canada, known as RBC, has released a sustainability strategy that focuses on climate change, water and sustainable communities.

Billed as the RBC Environmental Blueprint, the four-year commitment sets out the corporate environmental policy, objectives and priorities, including aggressive targets and a new area of focus to work towards for one of the world’s biggest banks.

“Our Blueprint sets the direction for us to continue to do better: in the way we do business with clients, the way we procure goods and services, in how we operate our own premises, and in how we support environmental initiatives,” Gord Nixon, CEO of RBC, said in a statement. “These efforts make a real difference for our children, our communities and our planet. The ambitious targets we set in the Blueprint show how far we've come and how far we are willing to go.”

What's new in the RBC Environmental Blueprint?

  • reduction of greenhouse gas emissions and the amount of office paper we use
  • commitment to reduce electronic waste going to landfill down to zero
  • pledge to double the amount of LEED-certified space
  • addition of sustainable communities, which joins climate change and water, as one of three priority environmental issues
  • expansion of long-standing environmental and social credit risk management policies to cover all regions where RBC operates.

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I wonder in all their business dealings if they would provide preferential treatment of SME businesses that support the RBC initiatives, i.e. water, GHG emissions reductions,... In other words, I wonder if they'll actually put their money where their mouth is or just pour out money they've taken from all of us to make themselves look good?

Posted July 4, 2014 05:12 PM

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