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RBC wins the Race to Reduce

November 19, 2015 -  For the fourth year in a row, the Race to Reduce challenge, sponsored by Toronto’s CivicAction, has recognized RBC for its achievements in cutting energy consumption in our office buildings.
Since the Race to Reduce began in 2011, many organizations have stepped up to meet the challenge of conserving energy in Toronto-area office buildings. RBC is the only financial institution to win an award in each year of the Race. When the initiative officially came to an end this year, the Race had achieved a 12 per cent reduction in energy use in participating buildings, surpassing its initial goal of 10 per cent. The impact was the equivalent of taking more than 4,200 cars off the road.
RBC has been a major contributor to this success story. At the 2015 Race to Reduce awards ceremony held in November, RBC won three Team Excellence awards, which recognized collaboration with three landlords:

  • Bentall Kennedy: Implementing a state-of-the-art lighting controls system at Meadowvale.
  • Cadillac Fairview: Modification of under floor air venting system at RBC Centre, LED lighting retrofits, and Green Team energy campaigns which focused on engaging employees to reduce their energy use.
  • Oxford Properties: Exceptional energy reduction initiatives at Royal Bank Plaza, RBC WaterPark Place and 315 Front Street West, which resulted in a cumulative energy savings of 16,000 MWh--the equivalent of powering approximately 1,333 homes for a year. 

RBC also won two Greatest Energy Reduction awards, for buildings that have achieved 10 per cent or greater reduction in energy across the four years of the Race (2011-2014).

  • 180 Wellington Street West: Achieved 27 percent energy reduction over four years.
  • RBC Centre: Achieved 11 percent energy reduction over four years.

Though the Race to Reduce is officially over, energy conservation initiatives will be ongoing in RBC’s office buildings. RBC has a longstanding commitment to environmental sustainability dating back to the launch of our first Corporate Environmental Policy in 1991. The RBC Environmental Blueprint was first published in 2007 and provides a clear articulation of our corporate commitment to the environment.

 

 

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