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News Releases

 

RBC maps out its paper route

TORONTO, September 19, 2008 — RBC today announced that in ongoing efforts to reduce its environmental footprint, it is migrating selected paper stocks to sustainably sourced paper throughout its operations in Canada, the United States and the United Kingdom.

"RBC's Environmental Blueprint commits to the goal of ensuring all paper purchases are certified as coming from sustainably managed forests and or containing recycled content," said Sandra Odendahl, RBC's director, corporate environmental affairs. "The switch in Canada, the United States and the United Kingdom to certified sustainably sourced paper advances RBC towards meeting this goal."

On August 5, all of RBC's Canadian operations began purchasing office paper, including copy, print and fax paper, from Forest Stewardship Council (FSC) certified sources. In addition, Canadian client statement envelopes and all ATM envelopes will also come from FSC certified stocks as of October 1. RBC operations in the United States will switch all office paper stocks available on the web-based procurement system to FSC-certified paper by September 30.

RBC's United Kingdom operations' print, copy and fax paper are elemental chlorine-free and carry at least one of the following certifications: ISO 14001, FSC or the Program for the Endorsement of Forest Certification (PEFC). Also, one third of RBC's UK office paper supply is sourced from 100 per cent recycled material.

RBC offices will use all existing paper inventory and begin purchasing FSC or sustainably-sourced paper to replenish supplies.

"With this substantial shift to responsible sourcing of paper, RBC is making a real difference for Boreal forest conservation," said Alan Young, corporate program manager for the Canadian Boreal Initiative. "We view FSC-certified materials as the responsible choice for paper buyers and would like to congratulate RBC for taking this important step in reducing their corporate environmental footprint."

RBC would also like to recognize Xerox Canada and Domtar Corp. for their continued support of RBC's commitment to sustainably sourced paper.

Other Paper Initiatives
RBC has been a major supporter of paperless and electronic banking options for clients. Since 2006, our clients have helped save approximately 105 million sheets or 480 metric tonnes of paper by selecting paperless account statements. Using the Environmental Defense Fund Paper Calculator, these paper savings are equivalent to approximately 12,700 trees.

RBC is also implementing a supply chain management program to ensure a secure supply of sustainably sourced paper for printed forms, marketing material and direct mail products.

About FSC Paper
The Forest Stewardship Council is an international, non-governmental organization dedicated to promoting responsible management of the world's forests. FSC was founded in 1993 in response to concern about deforestation and demand for trustworthy sources in an effort to protect the world's Boreal Forests.

A forest certification and labelling system for forestry products that comes from responsibly managed forests, FSC certification ensures wood harvesting operations are third-party audited against a rigorous set of environmental and social criteria. Wood fibre from FSC-certified forests is tracked from the woodlot through sawmill and pulp & paper operations to the end consumer. For further information regarding FSC-certified forestry products visit fsc.org.

RBC's Commitment to the Environment
Switching to sustainable forestry products is a natural progression of RBC's longstanding commitment to the environment. RBC has been named one of the world's top 100 sustainable companies for four consecutive years, according to the "Global 100" ranking compiled by Innovest Strategic Advisors.

RBC's Environmental Blueprint outlines its commitment to offer innovative, practical and cost-effective financial products and services to promote environmentally sustainable choices, as well as the enterprise's own initiatives to manage its environmental footprint.

For full details on all RBC environmental initiatives, please visit RBC and the Environment.

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For more information, please contact:
Beja Rodeck, RBC, Media Relations, 416-974-5506


 



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10/07/2008 15:59:51