RBC Financial Group
RBC Home | Search | Site Map | Contact Us | Legal Terms | Français  
Other RBC Sites:
Banking Investments Insurance Capital Markets
» Corporate Profile
» Corporate Governance
» History
» Investor Relations
» Media Newsroom
» Economics
» Publications
» Corporate Responsibility
» Careers
» Donations
» Sponsorships
The Environment
 Our Priority Issues
 What We're Doing
  Environmental Policy Statement
  Our Environmental Objectives
  Responsible Lending
  Environmental Footprint
  Sustaining our Blueprint
 What You Can Do
 RBC Blue Water ProjectTM
» Become a Vendor
» Become an Employee
» Make a Complaint
The Environment

Project Finance & The Equator Principles

 

RBC is a signatory to the Equator Principles, a set of voluntary guidelines addressing environmental and social risks associated with project finance.  We originally committed to these Principles July 21, 2003 and were the first Canadian financial institution to do so. 

The Equator Principles were revised in consultation with clients, non-governmental organizations and official development agencies to reflect the experiences of the Equator Principle signatories and the revision to the International Finance Corporation’s Performance Standards, upon which the Principles are in part based.  RBC contributed to the revision of these Principles as part of the Equator principles Working Group.

RBC was pleased to recommit to the Principles on July 6, 2006 along with 42 other financial institutions around the world, representing more than 85% of global project financing.

Since our original adoption of the Equator Principles, RBC has reviewed 15 projects under our related Policy on Social and Environmental Review in Project Finance. In 2008, RBC participated as both project financiers and advisors for five projects.

Analysis of Equator Principles projects

 

 

2008

2007

2006

Number of projects (1)

Equator Principles Category A

0

1

1

 

Equator Principles Category B

3

3

1

 

Equator Principles Category C

2

2

2

 

Total projects reviewed

5

6

4

By region (2)

OECD countries

5

5

3

 

Other

0

1

1

By sector

Energy (oil and gas)

2

3

2

 

Energy (renewable)

0

2

2

 

Infrastructure

2

0

0

 

Chemical

0

1

0

 

Transportation

1

0

0

(1) When a project is proposed for financing, RBC categorizes the project based on the magnitude of its potential impacts and risks in accordance with the environmental and social screening criteria of the International Finance Corporation. Category A represents projects with potential significant adverse social or environmental impacts that are diverse, irreversible or unprecedented.
Category B represents projects with potential limited adverse social or environmental impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures. Category C represents projects with minimal or no social or environmental impacts. For additional information, visit equator-principles.com.
(2) OECD is the Organisation for Economic Co-operation and Development. To view OECD member countries please refer to the OECD website.

For additional information please visit:

Equator Principles

 

Jump to
Environmental Credit Risk Management
Project Finance & The Equator Principles
Environmental Consultants

Canada's Greenest Employers
Reports
  2008 SOFT Footprint
  2008 Blueprint Report Card
  2008 Corporate Responsibility Report
  CDP2009 Submission

Learn More
  Speeches and Presentations
  External Links
  Memberships
  Awards & Achievements
  Corporate Responsibility

RBC Environmental Blueprint
Review our What We're Doing section to find out about our environmental priorities and commitments.
Download the PDF

07/16/2009 08:14:53