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An update from RBC Corporate Sustainability Group September 2015

New and Notable

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Growth in Responsible Investments

A report issued by the Responsible Investment Association earlier this year highlighted that more than $1 trillion in investments, representing 31 per cent of invested assets under management in Canada, involve some aspect of responsible investing. In August, RBC Global Asset Management announced that it has become a signatory of the United Nations-supported Principles of Responsible Investment (UN PRI). In signing, RBC is committed to adopting and implementing the six Principles, where consistent with our fiduciary responsibilities. "Adopting the UN PRI further demonstrates our ongoing commitment to responsible investing," said Dan Chornous, chief investment officer of RBC GAM. "As investment managers, we have a fiduciary duty to explore all factors that could potentially impact the performance of companies in which we invest. Implementing the principles of the UN PRI across all our investment classes and ensuring our teams are sufficiently resourced to deliver on that promise is consistent with our primary focus on maximizing returns for our clients."

Growth in Responsible Investments

A Spike in Carbon Trading a Sign of Things to Come?

A Spike in Carbon Trading a Sign of Things to Come?Anticipation for more widespread carbon pricing and regulation is building as we approach the international climate change negotiations in Paris later this year. In Paris, nations will continue to negotiate a global deal to reduce GHG emissions under the general consensus that we must limit global warming to 2°C relative to pre-industrial levels to avoid dangerous impacts of climate change. Last year, the RBC Capital Markets Carbon Emissions Trading Group traded 243 million tonnes of carbon credits, a 275% increase in volume from the previous year. Traditionally, the majority of the trading volume centred on the European Union Emissions Trading Scheme, but the recent growth in RBC's business is attributed to activity in the North American carbon markets such as the California and Quebec Cap-and-Trade Program, and the Regional Greenhouse Gas Initiative (RGGI) in the northeast United States.

Jason Day and the Environment Win at the 2015 RBC Canadian Open

Every year the RBC Canadian Open attracts over 100,000 patrons to see the best golfers in the world in action. And every year Golf Canada, RBC and our event suppliers work together on implementing best-in-class environmental programs at the event. Highlights include:

  With record heat, over 57,150 litres of free water was provided at our water stations, eliminating the need for 114,300 single use water bottles.
  Almost 1,500 patrons took advantage of the free bicycle valet throughout the week. Located just outside the main entrance, it was the best parking in the house.
  Two zero waste sorting stations, staffed by volunteers in high traffic concession areas, ensured waste was properly sorted helping to reduce waste sent to landfill.
  The event was carbon neutral, through the purchase of 100 per cent clean, renewable electricity and green natural gas. GHG emissions associated with the use of diesel generators and event vehicles were neutralized through the purchase and retirement of high quality carbon offsets.
  Glen Abbey Golf Club in Oakville, Ontario was the host of this year's Open and since 2004 has been certified as an Audubon Cooperative Sanctuary.

Jason Day and the Environment Win at the 2015 RBC Canadian Open

Everything You Ever Wanted to Know About RBC and Climate Change

Low-Income Families Have Opportunity to Live in One of the Most Energy Efficient Buildings in the United States. Corporate disclosure on climate change has advanced considerably over the past decade. Much of that progress is due in part to the Carbon Disclosure Project (CDP), a global not-for-profit organization that pioneered an international corporate disclosure system for climate change. A key guiding principle to the CDP is disclosure of relevant climate change information can lead to better investment decision making. Today, more than 4,500 companies from more than 80 countries report and share environmental information through the CDP. RBC has been a responder to the CDP since 2003 and a signatory since 2007. To read our extensive 64-page 2015 response to the CDP visit: 2015 RBC Carbon Disclosure Project Response. We also report extensively on climate change risk and opportunities, greenhouse gas emissions and other environmental issues on our corporate website at RBC and the Environment.

Sixteen Candles

RBC named one of Canada's Not a story about embarrassing teenager birthdays starring Molly Ringwald, but for the 16th consecutive year, RBC has been named to the Dow Jones Sustainability Index (DJSI). The DJSI tracks the performance of companies across all industries against their peers in numerous sustainability metrics. Each year more than 3,000 companies are invited to participate in the assessment, which provides an in-depth analysis of financially material economic, environmental, and social practices. The annual review influences the investment decisions of asset managers who use the DJSI family as objective benchmarks for assessing sustainability portfolios. This year, RBC was named to the 2016 DJSI North America Index.

Upcoming Events

October 6-9, San Francisco
SOCAP15 convenes leading impact investors, world-class entrepreneurs, and innovative cross-sector practitioners for three full days of networking and engaging content at the intersection of money and meaning. RBC is a sponsor of this event.
More event info >>

Social Finance Forum 2015: Converge, Collaborate and Break Through.
November 12-13, Toronto
The 8th annual Social Finance Forum is the place to engage and profile leaders in Canada's diverse social finance scene and to capture advancements from the world stage. The emphasis this year will be on a fresh design that emphasizes networking and relationship. RBC is a sponsor of this event.
More event info >>

Pollution Probe Annual Gala
November 17, Toronto
This not-to-miss annual gala brings together approximately 400 to 500 leaders and enablers for an evening of networking and celebration under the theme of "Committed to Community". RBC is a Gold Sponsor of the gala.
More event info >>

AD Latornell Conservation Symposium
November 17 -19, Alliston, ON
Under the theme "Weathering Change", this year's conference will explore the climate change impacts we are seeing in Ontario's watersheds as well as current and emerging best management practices that are underway or can be used to build environmental, economic and social resilience. RBC is a sponsor of this event.
More event info >>

The 12th Annual Earth Day Canada Gala
November 19, Toronto
Connect with a crowd of hundreds from the environment, business and arts communities for an evening that celebrates environmental leadership and world-class food, comedy and entertainment. Hometown Heroes Award winners will be announced, a program that recognizes the accomplishments of individuals, groups or small businesses that look for local solutions to improve the state of the environment.
More event info >>

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