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 RBC believes that conducting business using environmentally and socially sustainable measures is the responsibility of every company. That is why RBC continues to develop additional internal and client-facing programs, products and services which incorporate the principles of sustainable development.
Programs:
One example of an internal RBC program includes the EnergySmart Program which is helping reduce our operational energy demand and costs. Another internal program is our Green Power Purchasing Program, which has been in effect since 2002 and has helped us offset more than 3,572 tonnes of greenhouse gas emissions through the purchase of 5,770 MWh of energy from “Green Logo” certified power producers. We maintain our commitment to purchase renewable power through 2007.
Further information regarding our internal programs can be found in our SOFT Footprint Program Performance Report.
Products and Services:
We also offer and continue to develop products and services to help our clients meet the environmental and social demands associated with their finance activities. Some products and services currently offered include:
- Environmental support services for lending and credit transactions;
- Alternative and renewable energy financing;
- Renewable energy financing;
- Venture Funds such as the GEF Clean Technology Venture Fund and the Alternative Energy Venture Fund;
- Paperless banking for online customers;
- Paperless and electronic account statements for online customers;
- Paperless and electronic VISA statements for online customers;
- Energy-efficient home mortgage insurance refunds; and
- Socially Responsible Investment options such as the Ethical Funds and customized portfolio options through RBC Wealth Management and the RBC SRI Wealth Management Group.
Additional products under review and/or development include emissions trading, energy-efficient home mortgages, and low-emission vehicle financing.
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