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green@RBC
An update from RBC Corporate Environmental Affairs Group November 2016

New and Notable


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The First Federal Canadian Social Impact Bond

 
A Social Impact Bond is a pay-for-success contract in which the government pays for improved social outcomes while leveraging capital from private investors. With this funding model, the risk of non-performance is transferred away from the government to investors, who provide the upfront capital to fund the social intervention. Investors are paid back by the government based on the degree to which social outcomes are achieved. The Community Hypertension Prevention Initiative (CHPI) works to increase awareness of cardiovascular disease and supports healthier lifestyles to reduce the onset and prevalence of hypertension, one of Canada's most serious and preventable health care issues. RBC is an investor in this in this initiative through the RBC Generator Fund and was the only financial institution to invest in this initiative. To learn more about this deal, click here.

The First Federal Canadian Social Impact Bond
 


Joining Together to Support Carbon Pricing in Canada

In October, the Canadian Government announced a federal carbon pricing plan. Under the plan, all provinces and territories will have carbon pricing in place by 2018, with a starting price of $10 per tonne. This will increase by $10 annually to $50 per tonne by 2022. RBC joined 21 other businesses and leaders in support of the federal carbon pricing plan through our membership to Smart Prosperity, a cross-sectoral initiative with a vision for a stronger, cleaner economy for all Canadians. At RBC we believe that Canada has the ability to lead the world in energy innovation and clean technologies, an opportunity estimated to be worth trillions of dollars for companies and financiers.
 
Joining Together to Support Carbon Pricing in Canada
Joining Together to Support Carbon Pricing in Canada
 

Impact investing on the up and up!

 
The Responsible Investment Association launched their second impact investor survey and four major trends were identified:
 
Impact investing on the up and up!
1   The significant growth of Canadian impact investment assets under management: With an increase in both demand from investors and availability of products, RIA's study shows a 123% increase in assets under management identified as impact investments compared to 2013.
 
2   Performance has met or exceeded expectations, especially for those targeting competitive returns: 95% of respondents said that their impact investments met or exceeded their expectations
 
3   The growth and development of public equity as an opportunity for impact investors: Approximately 20% of Canadian impact investment assets are in public equities compared to only 3% in 2013.
 
4   An increase in the number of impact products available to investors: More impact assets are invested indirectly (e.g. through funds) into companies with an environmental or social purpose.
 
RBC was the sponsor for this report. To check out the full report, click here.
 

City National Bank Launches Their First Corporate Social Responsibility Report!

 
City National Bank Launches Their First Corporate Social Responsibility Report!
Can you believe it has already been one year since RBC officially acquired City National Bank? This year, CNB is taking their corporate social responsibility and environmental programs to a new level and launching their first ever Corporate Social Responsibility Report. Highlights include:

An $11 billion, five-year commitment for community lending and investment
 
$4.8 million in corporate giving, up nearly 4 percent from $4.6 million in 2014.
 
A greenhouse gas reduction target of 10 percent from current levels by 2019
 
A commitment that all new building projects at City National are to be designed to attain LEED Certification, a leading green building standard
 
Click here for more information on CNB or for the full report.
 

 

Perfect Energy Score for RBC WaterPark Place

 
We're excited to announce that RBC WaterPark Place won the 2016 Innovation Award presented by the Canada Green Building Council. The key performance metric that the judges identified was the outstanding energy intensity of the building. WaterPark Place uses less than half the energy (per square foot) of an average Toronto building, and has an Energy Star score of 100 – the highest possible score. Some other notable aspects of the building include: a high performance building envelope, a green roof, daytime cleaning, and rainwater harvesting. We are very proud of the partnership with Oxford Properties that brought this building into the Toronto landscape. Perfect Energy Score for RBC WaterPark Place
 

 
Want to know what an expert thinks about climate change and water?
 
 
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