RBC named one of world's top 100 sustainable companies
TORONTO, January 28, 2009 — Royal Bank of Canada
(RY on TSX and NYSE) has been named one of the world's top
100 sustainable companies, according to the fifth annual "Global
100: Most Sustainable Corporations in the World" ranking
unveiled today at the World Economic Forum in Davos, Switzerland.
This is the fifth consecutive year that RBC has been named
to the Global 100 list.
"I'm proud that RBC and our employees continue to be
recognized for our efforts to do business in a sustainable
and responsible manner," said Gordon M. Nixon, president
and chief executive officer, RBC. "RBC is committed to
doing better for our clients, our investors, our employees
and our communities, through a focused approach to corporate
responsibility, a disciplined strategy, sound risk management,
strong balance sheet, and a diversified business mix."
RBC was one of the only 16 companies in the financial services
sector globally, and one of only five Canadian companies included
on the 2009 Global 100 list.
The Global 100 list identifies companies that have the best-developed
abilities, relative to their industry peers, to manage environmental,
social and governance risks and opportunities. The list is
based on research and analysis by Innovest Strategic Value
Advisors and Corporate Knights. Companies were selected from
Innovest's universe of 1800 publicly-traded, MCSI world-listed
companies, and include those that achieved a combined AAA
score from Innovest as of December 31, 2008.
This honour adds to an impressive suite of recognition garnered
by RBC for programs and performance related to sustainability
and corporate responsibility.
RBC is listed on the 2008-2009 Dow Jones Sustainability Index,
recognizing the world's financial, social and environmental
corporate leaders, as well as the Jantzi Social Index and
the FTSE4Good Index. RBC was also among 67 companies and one
of only 18 financial institutions worldwide named to the Carbon
Disclosure Leadership Index 2008, a prestigious honour roll
of world leaders at understanding and managing the financial
risks and opportunities resulting from climate change. In
2007, RBC released the RBC Environmental Blueprint, containing
the company's commitment to reduce its greenhouse gas emissions
and energy use and outlining how RBC will approach new, existing
and emerging environmental issues in its lending activities.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries
operate under the master brand name RBC. We are Canada's largest
bank as measured by assets and market capitalization, one
of North America's leading diversified financial services
companies and among the largest banks in the world, as measured
by market capitalization. We provide personal and commercial
banking, wealth management services, insurance, corporate
and investment banking and transaction processing services
on a global basis. We employ more than 80,000 full- and part-time
employees who serve more than 17 million personal, business,
public sector and institutional clients through offices in
Canada, the U.S. and 48 other countries. For more information,
please visit www.rbc.com.
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For further information, please contact:
Stephanie Lu, Media Relations, (416) 974-5506
William Anderson, Investor Relations, (416) 955-7804
Or visit the site: http://www.rbc.com/investorrelations