October 5, 2011 - RBC is among 15 companies named to the Canadian Carbon Disclosure Leadership Index 2010, a prestigious honour roll of Canadian leaders at understanding and managing the financial risks and opportunities resulting from climate change.
The annual Carbon Disclosure Project (CDP) information request asks 4700 of the largest companies in the world, including the largest 200 firms by market capitalization listed on the Toronto Stock Exchange, to disclose their greenhouse gas emissions and climate change strategies.
The CDP is an initiative sponsored by a coalition of 534 institutional investors and asset managers representing $64 trillion in assets under management. These investors believe they can make better investment decisions by assessing the degree to which large companies are exposed to climate change risks, and how they are managing them. RBC Asset Management was a signatory to the 2010 CDP request.
Since 2002, the CDP has sent out annual information requests to the largest companies in the world measured by market capitalization. Each company was judged on its governance and strategy with respect to managing greenhouse gas emissions, emissions reduction targets, risks and opportunities associated with climate change. In the banking sector, climate change risks (or carbon risks) can include credit risk management procedures for carbon constrained sectors such as energy and natural resource clients and carbon management of lending portfolios.
To read RBC's 2010 CDP response, please see RBC response 2010 Carbon Disclosure Project.
Since its inception, CDP has become the gold standard for carbon disclosure methodology and process and its website www.cdproject.net is the largest repository of corporate greenhouse gas emissions data in the world.
In 2010, 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, one of Canada's Best 50 Corporate Citizens, one of Canada's Top 100 Employers and one of the Best Workplaces in Canada. RBC is also listed on the Dow Jones Sustainability Index, Jantzi Social Index and the FTSE4Good Index.