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An update from RBC Corporate Environmental Affairs Group January 2016

New and Notable

  RBC Twitter

What Happened in Paris? Outcomes from COP21

Both in the months leading up to, and since it concluded, there was significant buzz around the 21st Conference of Parties to the UN Framework Convention on Climate Change (also known as COP21) which took place in Paris in December. It marked an historic meeting where 195 countries agreed on one plan to fight climate change. Below are four main outcomes that countries agreed to:
What Happened in Paris? Outcomes from COP21  
  Limit global temperature rise below 2.0°C (but strive for 1.5°C)
  Achieve net zero emissions between 2050 and 2100 by emitting only as much GHGs that can be naturally absorbed by trees, soil and oceans
  Commitment of $100 billion by 2020 to finance developing nations in climate change adaptation and switching to renewable energy
  Mandatory five year reviews of each country's climate plans and contribution to cutting emissions

Financing Clean Technology: Hydrogen Fuel Technologies

inancing Clean Technology:  Hydrogen Fuel TechnologiesClean technology is widely recognized as a key piece of the puzzle to help transition to a low carbon economy and combat climate change. In Canada, one of the fastest growing sources of GHG emissions is the transportation sector. Innovative Hydrogen Solutions, Inc. (IHS) has created a hydrogen fuel injection system for engines that provides increased fuel efficiency, reduced fuel consumption, and cleaner emissions. The system injects small amounts of hydrogen into combustion chambers for a more efficient burn. IHS is working with RBC's Knowledge Based Industry Clean Tech Team and RBC Equipment Financing Division to help deploy this technology in vehicle fleets and power generators at competitive pricing.


RBC Meets Environmental Targets Ahead of Schedule

In 2014, we released our Environmental Blueprint, our five year environmental strategy including a number of performance targets to achieve by 2018. We are excited to announce that we have achieved the following targets ahead of schedule:

  Reduce greenhouse gas (GHG) emission intensity in our properties by 20%
  Reduce GHG emissions from our Canadian logistics and delivery network by 20%
  Double the amount of LEED certified office space we occupy by 2018
So what’s next? We will continue to push our performance and strive to achieve our remaining targets before 2018. For the targets that we have met, we will look to set ambitious new ones. Stay tuned.
RBC Meets Environmental Targets Ahead of Schedule

Millennials Explore New Ways to Bank the Unbanked

Millennials Explore New Ways to Bank the UnbankedNumerous studies have shown that financial inclusion can accelerate economic growth, reduce income inequality and spur innovation. However, a growing number of Canadians face obstacles in gaining access to the financial system, leaving them underbanked or unbanked. In November 2015, the RBC Social Finance initiative and RBC Career Launch program launched the second annual Next Great Social Innovator Challenge to explore innovative solutions to the issue of financial inclusion. Ultimately, it was the team that developed The RBC Possibilities Card that took top prize. Their prepaid debit card was thoughtfully designed to help low income families save money for a brighter future. Congratulations to all of the participants who demonstrated how business and finance can be used to tackle complex social challenges!

Supporting the Growth of Renewable Energy in the US

Supporting the Growth of Renewable Energy in the USSupporting the transition from fossil fuels to renewables for energy production is a key strategy for many countries to meet their climate goals. In 2015, RBC's Tax Credit Equity Group launched a three-year Direct Investment Program in the United States to invest in green infrastructure projects that create tax credits. In October, RBC invested in a fund sponsored by Sunrun, Inc to support the development of 5,800 residential rooftop solar projects in 14 states. Similarly, RBC partnered with Onyx Renewable Partners and the Corvias Group to finance solar installations on over 1,000 residences located on two US military bases in Maryland. The rooftop solar production will account for one third of the total housing energy requirements at the bases.

Our website RBC & the Environment has had a facelift. Check it out!

Upcoming Events

2016 Globe Conference
March 2-4, Vancouver
One of the world's largest and longest-running conferences dedicated to business and sustainability. RBC is a proud Platinum level sponsor of Globe.
More event info >>

Earth Hour
March 19
RBC will join thousands of citizens and organizations around the world to support Earth Hour on Saturday, March 19 from 8:30 to 9:30 p.m. local time. Earth Hour is a global lights-out initiative coordinated by the World Wildlife Fund to encourage people and organizations to be part of the solution against climate change.
More event info >>

World Water Day
March 22
International World Water Day is held annually on March 22 as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. This year's theme - Water and Jobs.
More event info >>

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