October 19, 2012 – RBC has joined a network of global organizations dedicated to increasing the scale and effectiveness of impact investing. The Global Impact Investing Network (GIIN), recently launched a membership program with 83 founding member organizations from 15 countries around the world.
"We're pleased to be a GIIN founding member," said Sandra Odendahl, Director of Corporate Sustainability, RBC. "By financing social enterprises that provide market-based solutions to environmental and social issues, impact investing can help make mission-driven companies more mainstream."
Impact investing is the placement of capital in businesses that are deliberately designed to provide positive social and/or environmental benefits. It requires the evaluation of social and environmental performance in addition to financial risk and return, and covers virtually all sectors.
RBC introduced its social finance initiative in February 2012, designed to ignite the growth of social finance in Canada. Through a $20-million commitment, the RBC Social Finance initiative consists of:
GIIN membership provides information and access to organizations active in impact investing. GIIN is a not-for-profit organization dedicated to increasing the scale and effectiveness of impact investing.
RBC is recognized among the world's financial, social and environmental leaders and is listed on the 2012-2013 Dow Jones Sustainability World Index and the DJSI North American Index. RBC has been named one of Canada's 50 Most Socially Responsible Corporations and one of the Best Workplaces in Canada. RBC is also included on the 2012 Global 100 Most Sustainable Corporations in the World list, the Jantzi Social Index and the FTSE4Good Index.