In 2008, RBC drafted the RBC Responsible Procurement Policy that will increase the acquisition of environmentally and socially preferable products and services. The policy addresses three components of the procurement due diligence process.
1. RBC will evaluate the level of regard suppliers have for the
environment and society by considering the extent to which they
demonstrate that their business activities are environmentally
responsible, that working conditions at their facilities are safe,
that workers are treated with respect and dignity, and that business
decisions and operations are conducted in an honest and
ethical manner.
2. RBC will review the environmental benefits and lifecycle impacts
of a product being offered, including evidence of third party
certification(s) and an evaluation of a product’s environmental
impacts associated with the extraction of raw materials,
manufacturing process, packaging, transportation, production
longevity and end-of-life disposal.
3. RBC will review the environmental benefits of a particular service
being offered, including evidence of third-party certification(s),
environmentally responsible transportation, and other environmentally responsible programs and initiatives.
Examples of products and services that apply to the Responsible Procurement Policy include:
- Paper
- Office furniture
- Carpet
- Computing needs
- Electronic equipment
- Lighting
- Office supplies
- Courier services
- Travel providers
- Hotel accommodations
