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An update from RBC Corporate Sustainability Group November 2014

New and Notable

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Ontario First Government to Issue Green Bond in Canada

Ontario First Government to Issue Green Bond in CanadaOntario has successfully launched a green bond program with a bond issue of $500 million, making it the first government in Canada to issue a green bond. With strong global issuance this year – at $29.3 billion to-date, nearly triple that of 2013 – green bonds are gaining popularity with socially-responsible investors. Green Bonds are capital-raising instruments specifically for projects with positive environmental benefits. Proceeds from Green Bonds are typically used for projects designed to reduce greenhouse gas emissions, adapt to climate change, increase energy efficiency, or expand the use of renewable energy. Ontario's green bond program will help finance transit and other environmentally-friendly infrastructure projects across the province. RBC Capital Markets managed Ontario's green bond issue, which follows RBC's signing of the Green Bond Principles in April 2014. RBC Capital Markets has acted on a number of green bond issuances since 2010 with global leaders including The World Bank and the European Investment Bank.


Looking for Great Ideas to Address Water Issues in Urban Centres

Looking for Great Ideas to Address Water Issues in Urban CentresSince most of the world's population now lives in urban centres, increasing the strain on water resources in these regions, the RBC Blue Water Project will continue to focus its support for initiatives that help protect and preserve water in towns, cities and urbanized areas. Organizations with projects in any of the countries and regions in which RBC is located, including Canada, the United States, the Caribbean, the British Isles, and Asia Pacific may qualify for funding. Expressions of interest for RBC Blue Water Project 2015 Leadership Grants ($10,001 to $100,000) are being accepted until December 15, 2014. Organizations that qualify for a 2015 Leadership Grant will be then be invited to complete a full application by January 12, 2015. Applications for Community Action Grants ($1,000 to $10,000) are also available online and due January 22, 2015.

What's the Deal with Stranded Assets and Unburnable Carbon?

What's the Deal with Stranded Assets and Unburnable Carbon?In 2011, a thesis was put forward that suggested only a fraction of the fossil fuel reserves of publicly-listed energy producers can be developed to avoid dangerous levels of global warming. This means that a large proportion of fossil fuel reserves could be destined to become ‘unburnable carbon' or stranded assets, and the share prices of fossil fuel producers may be overvalued. Although the concept of stranded assets in the resource and energy sector is not new, there is a range of perspectives on the investment risk associated with unburnable carbon. On November 4th, RBC, Suncor and NEI Investments co-hosted a day of learning on Unburnable Carbon and Stranded Carbon Assets, to explore the economics of the energy sector and better understand the full range of other environmental, social and economic factors that could result in stranded assets. The event brought together over 80 investment professionals, sustainability experts, industry analysts, and environmental activists from Canada and abroad who share the desire to have an informed, balanced and thoughtful discussion on this important topic.


All-Star Judging Panel to Select Winning Sustainable Design

All-Star Judging Panel to Select Winning Sustainable Design

Registrations for the 3rd annual Evolve Sustainable Design Competition have been received from universities across Canada. This year, the Evolve competition challenges Canadian post-secondary students to design a net-zero energy and water-efficient community library of the future.

The judging panel, comprised of some of North America's top architects, media and public sector professionals, includes:

  Anne Bailey, Acting City Librarian, City of Toronto
  Christopher Hume, Architecture Critic, Toronto Star
  Douglas Birkenshaw, Design Principal, B+H Architects
  Doug Webber, Director Halsall Sustainable Engineering
  Matthew Blackett, Publisher and Creative Director, Spacing
  Randy Hansuld, RBC Director of Public Sector Markets, Greater Toronto Region

The winning team will receive a cash prize of $5,000, with runner-up prizes of $3,500 and $1,500. In addition, each winning team will receive a matching donation to their university from the RBC Foundation.


Continuing to LEED the Way in Green Real Estate

Continuing to LEED the Way in Green Real EstateHome to approximately 1,800 employees, RBC's newly renovated 180 Wellington property is in the process of becoming LEED certified to the Existing Buildings: Operation
and Maintenance (EBOM) standard. LEED stands for Leadership in Energy and Environmental Design and designates buildings that are designed and operated to meet certain energy and environmental standards. The EBOM standard helps buildings maximize operational efficiency while minimizing their environmental impacts.

Why is LEED certification important to RBC? Green buildings clearly demonstrate our commitment to environmental sustainability, help us save on building utility costs, offer an enhanced tenant experience and support our environmental commitments in the new RBC Environmental Blueprint. Notable building features include: double glazed curtain wall with low emissivity coating, green cleaning standards, organics collection and lighting upgrades that have resulted in 18% reduction in lighting power density over industry standards. For more visit: RBC Green Buildings.

Profiles in Green Financing: Okikendawt Hydro Project

Profiles in Green Financing: Okikendawt Hydro ProjectOkikendawt (Ojibway for "Stone Pots in the River") is a 10 MegaWatt power generation facility adjacent to the Portage Dam site at the point where the French River flows out of Lake Nipissing in Northern Ontario. Okikendawt is a partnership between the Dokis First Nation and Hydromega Services who have closely collaborated through the course of project development, financing and construction. The French River is a sacred place to the Dokis First Nation, so they established sustainability principles for the project that included: zero or low impact on the French River's water flow, sustainable, legacy-focused economic development; enhancement of environmental and cultural conditions; and community engagement and education. The environmental impact will be minimal due to the use of an existing site with very limited effect on water flows and levels. RBC is the Dokis First Nation's Bank, and we are proud to have financed the Dokis First Nation's equity investment in the Okikendawt Hydro Project.



Upcoming Events

Webinar: The Water Imperative
December 4, 1:00 pm EST
The Conference Board of Canada is hosting The Water Imperative, a special live webinar that will explore new standards in corporate water leadership. The session will showcase WWF's insights into emerging water stewardship and standards, water risk considerations of lenders and insurers from RBC's perspective, and leading practices at Molson Coors. For a $150 RBC discount to this event, register here or call 1-866-242-0075 or email and quote this code ECWATERSP to receive the discount.

Pembina Institute Un-Gala
January 21, Toronto
Under the theme "Cowboys and Cowgirls Ride the Red Rocket" the third annual Toronto Un-Gala, sponsored by RBC, is a celebration of Pembina's Alberta roots and Ontario reach, and a great opportunity to connect with others helping Canada move towards a clean energy future.

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