We try to use our influence and resources to promote environmental sustainability within our organization and in the communities where we operate. By participating in prominent global initiatives, collaborating with environmental organizations, producing industry leading research, and openly sharing our learnings, we foster deeper links between the environment, communities and the economy.
Protecting the earth is an effort that involves everyone. We have committed to a number of global initiatives that encourage open and proactive dialogue with our stakeholders and peers including:
When promoting environmental sustainability, we focus our efforts on three priority environmental issues: climate change, sustainable communities and water. Here’s a look at some of our programs that promote a deeper understanding of these important issues.
You are on: Climate Change
While global and regional agreements to address climate change have been slow to develop, corporate policies to encourage clean technology, energy efficiency and renewable energy have become increasingly common. At RBC, we seek to understand the full scope of risks and opportunities associated with conventional and alternative energy development and power generation.
Unburnable Carbon and Stranded Assets: What Investors Need to Know
It’s been suggested only a fraction of the fossil fuel reserves of publicly listed energy producers can be developed if dangerous levels of global warming are to be avoided. The implication of this means a large proportion of fossil fuel reserves could be destined to become “unburnable carbon” or “stranded assets.” In 2014, Royal Bank of Canada, Suncor Energy and NEI Investments hosted a day of learning to explore the science and economics of the energy sector and better understand the full range of environmental, social and economic factors that could result in stranded assets.
You are on: Sustainable Communities
Over half of the world's population lives in cities, and that number is rising. As urbanization continues, all levels of government will be challenged to expand and renew infrastructure. New building standards, effective growth management, land-use planning, energy mapping and transportation strategies are required for thriving, sustainable urban centres of the future. We believe our role is to lead by example and encourage this shift to sustainable cities, showcasing green buildings and clean technology in our own operations.
Evolve Sustainable Design Competition
In partnership with B+H Architects, RBC runs the Evolve Sustainable Design Competition, which challenges post-secondary students to design environmentally sustainable communities. Participants are asked to develop innovative building concepts for achieving extreme energy efficiency while minimizing water consumption.
Hometown Heroes Award Program
Every year, Earth Day Canada recognizes environmental leaders who foster meaningful, long-term awareness and action through the Hometown Heroes Award Program. This program celebrates the accomplishments of individuals, groups and small businesses that look for local solutions to improve the state of the environment. RBC has been proud to sponsor the Hometown Heroes Awards since 2010.
Location Matters: Factoring Location Costs Into Home-buying Decisions
This study, produced by RBC and the Pembina Institute, examines the full costs of home location options based on case studies involving actual homebuyers. The report shows that seemingly less expensive homes located farther from the workplace can actually cost more when transportation and commuting expenses are factored into the equation.
You are on: Water
Lack of access to clean fresh water is an increasingly important humanitarian, environmental and economic issue. We are exploring opportunities to contribute to solutions that address global water issues.
RBC Blue Water Day
Held annually, RBC Blue Water Day is part of our deeper social and environmental commitment to improve and protect water in the communities where we live, work and play. RBC employees participate in community makeovers by cleaning up public spaces, planting native and water efficient species and raising awareness on water issues in their communities.
RBC Water Attitudes Study
Most Canadians take water for granted. We think we have lots of it and it will always be there. So in 2008, RBC started polling Canadians about their attitudes towards water—to see if the serious water issues around the world were having an impact on how we use and think about water, and tracking whether our attitudes are changing.
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We research complex environmental issues to better understand their impact on our communities, clients and business. Find out what we’ve learned over the years.