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About RBC > Community & Sustainability > RBC in Action > The RBC Generator Fund invests $1 million in Renewal3 Investment Fund

The RBC Generator Fund invests $1 million in Renewal3 Investment Fund

The RBC Generator, the impact investing arm of RBC’s Social Finance Initiative, has invested $1 million in the Vancouver-based Renewal3 Investment Fund. Renewal3 invests in early-growth stage companies in Canada and the U.S. focused on organic and natural food, green products and environmental innovation. Renewal3 has identified these areas as high growth and demand, and critical to a sustainable society.

Today’s announcement is part of RBC’s multi-million dollar social finance initiative, designed to help drive social and environmental change through private investment activity. This commitment includes the $10 million RBC Generator – a pool of RBC capital designed to finance enterprises addressing social and environmental challenges – a $10 million investment of RBC Foundation assets into socially responsible investment funds, and the development of strategic partnerships to catalyze the growth of social finance in Canada.

Renewal3 will invest in companies with $1 to $20 million dollars in annual revenue in sectors traditionally underserved by venture capital funds. Renewal3 will provide patient capital, partnering with investee companies for five to seven years.

RBC’s investment will help Renewal3 fund businesses that provide:

  • Healthier food systems for people and the planet
  • Reduced carbon dioxide emissions
  • Reduced toxicity in our environment
  • Improved economic inclusion through Fair Trade and employee ownership programs

The RBC Social Finance Initiative builds on RBC’s strong and longstanding reputation for leadership and innovation in finance, business, corporate citizenship and public policy. RBC is recognised among the world's financial, social and environmental leaders and is listed on the 2012-2013 Dow Jones Sustainability World Index, the DJSI North American Index, the Jantzi Social Index and the FTSE4Good Index. For more information, visit www.rbc.com/socialfinance.