TORONTO, June 22, 2009 - Today, RBC was named as one of the "Best 50 Corporate Citizens" in Canada, based on an evaluation of the environmental, social and governance performance of Canada's leading companies by Corporate Knights magazine.
This ranking, based on publicly available information, scores companies across a variety of indicators, including taxes paid, pension fund health, board diversity and independence, and executive compensation. In addition, financial services companies were rated on factors such as the proportion of sustainable assets under management, risk management, and support for aboriginal communities. These sector-specific key performance indicators acknowledge that companies can use their core competencies to better society.
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, one of Canada's 50 Most Socially Responsible Corporations 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.
"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. RBC has 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."
RBC considers corporate responsibility to include ethical
business practices, having a positive economic impact, operating
with integrity in the marketplace, providing a supportive
workplace, being environmentally sustainable and contributing