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green@RBC

  An update from RBC Corporate Environmental Affairs

March 2011   


New and Notable

RBC Releases 2010 Corporate Responsibility Report and Environmental Blueprint Report Card


Corporate responsibility

RBC has released its 2010 Corporate Responsibility Report and Public Accountability Statement. This 104-page publication is exclusively available in electronic format and contains an overview of RBC's economic impact, business and workplace practices, and its impact on society and the environment. A short summary of the report, the Corporate Responsibility Review, is also available in print at RBC branches.

We have also published our 2010 Environmental Blueprint Report Card which tracks our annual progress on 44 environmental commitments.




RBC Helps to Improve "Energy Literacy" in Canada


RBC Helps to Improve Energy Literacy in Canada

In February, RBC and Pollution Probe released the Primer on Energy Systems in Canada, a comprehensive but easy-to-read overview of the resources, challenges and opportunities related to energy in Canada. A recent online poll by RBC tested 4,000 Canadians' knowledge about energy. On average, respondents could only correctly answer 40 percent of the questions. For example, only 15.8 percent guessed correctly that energy-related businesses account for four to six percent of Canada's GDP. Furthermore, almost half of respondents believe that the government should be developing a national energy policy.




RBC is Helping Canadian Businesses Finance Solar Energy Systems


RBC is Helping Canadian Businesses Finance Solar Energy Systems

RBC has introduced a range of financing options for businesses looking to install solar energy systems. Solar panel financing options can include amortization periods of up to 10 years in certain instances. Whether you are investing in a solar energy system to control costs, to access a new revenue stream or simply to reduce your carbon footprint, RBC's financing products can help to make the business case for solar energy systems even more appealing.




RBC and Imagine H2O Announce Winners of $100,000 Global Water Competition

RBC

The first place winner of the 2011 Imagine H2O Water-Energy Nexus Prize is Hydrovolts. Hydrovolts uses portable floating turbines to capture the energy in water flowing through rivers, canals and other waterways. The two runners-up, Blackgold Biofuels and Fogbusters, have technologies that remove the fat, oil and grease from wastewater to use as biofuel. The Imagine H20 Competition, sponsored by RBC, challenged entrepreneurs to create businesses that reduce the energy needed to move and treat water, and attracted more than fifty team submissions from around the world.

March 22nd is World Water Day and RBC is undertaking a number of initiatives to celebrate, including the sponsorship of Canada Water Week and Water:The Exhibition at Toronto's Royal Ontario Museum. Visit RBC Blue Water Project for information.

RBC Blue Water Project


Earth Day Canada and RBC Set to Reward Environmental Hero with $10,000 Prize


Earth Day Canada and RBC Set to Reward Environmental Hero with $10,000 Prize

Earth Day Canada, in partnership with RBC, will recognize one of Canada's environmental leaders with an award of $10,000 through the Hometown Heroes Award Program. This program recognizes and celebrates environmental leaders who look for local solutions to improve the state of the environment in three award categories: Individual, Group (not-for profit or charitable) and Small Business. RBC will be presenting the Group Hometown Heroes Award at the EDC annual gala in Toronto on June 8th.

The deadline for award applications is Earth Day, April 22.




Server Virtualization: A Green Solution for Data Storage


Server Virtualization: A Green Solution for Data Storage

RBC has made significant strides in improving the efficiency of data storage, resulting in reduced energy use and lower costs. One of the technologies that has helped us optimize our data storage is server virtualization, which stores multiple applications on one physical server. Since the inception of the server virtualization program, we have removed or avoided the purchase of an estimated 6,200 servers representing a 42 percent reduction in servers.

Green IT is an important part of RBC's environmental strategy. Our Technology & Operations group has established a Green IT Committee to initiate oversee and track IT-related green solutions. Visit Initiatives for more information on how technology is helping reduce our environmental impacts.




RBC Named to Global 100 Most Sustainable Corporations List


RBC has been named one of the most sustainable large corporations in the world, according to the seventh annual "Global 100: Most Sustainable Corporations in the World" ranking. RBC has appeared on this list of sustainability leaders since its first edition. The objective of the Global 100 list has been to highlight global corporations that have been most proactive in managing environmental, social and governance issues. For more information visit RBC Global 100.




Profile in Green Financing

Affordable Green Housing Project in North Carolina


Affordable Green Housing Project in North Carolina Affordable Green Housing Project in North Carolina

Cherry Gardens is the first LEED certified affordable housing development in North Carolina consisting of 42 units for senior residents in the Cherry neighborhood of Charlotte. RBC Tax Credit Equity Group invested $4.2 million in this project. Cherry Gardens has many unique environmental and social features including:

  • Energy Star appliances and lighting
  • Low-flow plumbing fixtures, R-19 wall insulation and low-emissivity windows
  • A technical shield on the building's roof, cutting air conditioning costs by 17 percent
  • Low VOC paint, green label-certified carpeting and low-formaldehyde laminate countertops
  • A low-toxicity borate treatment outside the building for termite control
  • Resident walking access to local amenities and public transportation
  • A library, community room, computer center and social service support for the residents.

The RBC Tax Credit Equity Group invested over $260 million in 31 affordable housing developments in 2010. To learn more, please see RBC Tax Credit Equity Group.





Earth Hour



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