TORONTO, June 11, 2009 - Royal Bank of Canada (RBC) - RY on NYSE and TSX - has been named one of Canada's "50 Most Socially Responsible Corporations" in the Jantzi-Macleans Corporate Responsibility Report 2009, appearing in the June 22, 2009 issue of Macleans magazine.
The "50 Most Socially Responsible Corporations" list is based on research and analysis by Jantzi Research Associates, an independent investment research firm that evaluates and monitors the social and environmental performance of approximately 300 Canadian companies and income trusts. Jantzi Research uses a best-of-sector methodology, assessing all constituents of the S&P/TSX Composite Index rather than excluding industries, measuring each firm against the standard of best practices in its industry.
"The only way a company can survive tough economic times is by managing its financial, social and environmental performance, and paying close attention to all three. Our placement on this list recognizes that we have a focused approached to sustainability, a disciplined strategy, sound risk management, strong balance sheet, and a diversified business mix," said Gordon M. Nixon, president and chief executive officer, RBC. "I'm proud that RBC and our employees continue to be recognized for our efforts to do business in a sustainable and responsible manner."
This honour adds to an impressive suite of recognition garnered by RBC for programs and performance related to sustainability and corporate responsibility.
In 2009, RBC was named one of the world's top 100 sustainable companies, one of Canada's Greenest Employers, one of Canada's Best Diversity Employers and one of the Best Workplaces in Canada. RBC is also listed on the 2008-2009 Dow Jones Sustainability Index, recognizing the world's financial, social and environmental corporate leaders, as well as the Jantzi Social Index and the FTSE4Good Index. RBC was among 67 companies and one of only 18 financial institutions worldwide named to the Carbon Disclosure Leadership Index 2008, a prestigious honour roll of world leaders at understanding and managing the financial risks and opportunities resulting from climate change.