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News Releases

 

RBC releases 2007 Corporate Responsibility Report and Public Accountability Statement

Online availability marks move from paper-based reports

TORONTO, February 21, 2008 — RBC has released its 2007 Corporate Responsibility Report, "Blueprint for Doing Better." For the first time, this 40-page publication is exclusively available in electronic format, as part of the company's move towards environmental sustainability. The Report contains the company's annual Public Accountability Statement, as well as an overview of RBC's economic impact, business and workplace practices, and its impact on society and the environment. A short summary of the report, the Corporate Responsibility Review, is available in print.

Among other highlights from 2007, RBC:

  • provided employment to 71,760 people worldwide in full- and part-time positions;

  • paid $7.9 billion in employee compensation and benefits and $2.09 billion in taxes.

  • became the first Canadian bank to launch its own mutual funds for socially responsible investors, and introduced environmentally responsible product options for retail consumers;

  • purchased clean, renewable green power for all new locations opened across Canada in 2007 and announced its intention to do the same for 2008;

  • announced the creation of the RBC Blue Water Project, a $50 million philanthropic commitment to help solve the global water crisis;

  • contributed more than $82.8 million to community causes worldwide, through donations of more than $47.7 million, and an additional $35.1 million in sponsorship of community events and national organizations.

The Corporate Responsibility Review and Annual Report to Shareholders are both "carbon neutral." RBC worked with a Zerofootprint, a third-party vendor, to determine the amount of greenhouse gas emissions and natural resources used to produce and transport these reports, and then offset those emissions by paying a fee to conservation-focused community organizations that will remove carbon from the atmosphere by planting trees or investing in renewable energy projects. This action is part of the RBC Environmental Blueprint, a comprehensive set of actions launched in 2007 to help the company become more sustainable and reduce its environmental impact.

The 2007 Corporate Responsibility Report is available online at rbc.com. The 2007 Corporate Responsibility Review is available in print at RBC branches and offices, online at www.rbc.com. Both publications are available in audio format on request.

RBC is recognized among the world's financial, social and environmental leaders. In 2007, RBC was named Canada's Best Corporate Citizen, and is included on the Dow Jones World and North American Sustainability Indices, the Jantzi Social Index, the FTSE4Good Index, and the Global 100 Most Sustainable Corporations ranking. In 2007, Newsweek magazine ranked RBC first among large corporations worldwide for its ability to manage environmental risks and opportunities.

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For further information: please contact:
Beja Rodeck, Director, Media Relations, (416) 974-5506


 



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02/21/2008 12:54:44