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News Releases

 

Making a splash to help protect the world's water

RBC Blue Water Project donates $4.1 million to 31 organizations around the world

TORONTO, August 11, 2009 — RBC today announced its latest round of RBC Blue Water Project Leadership Grant recipients. Thirty-one organizations, selected out of 159 applicants from around the world, have become RBC Blue Water Project Members, and will share more than $4,194,000 million in grants for programs that help protect watersheds and improve access to clean drinking water. Recipients will deliver programs in Canada, the United States and the British Isles.

"Once again, we were pleased by the quality of grant applications in this second year of the RBC Blue Water Project," said Gordon M. Nixon, president and CEO, RBC. "It's gratifying to see that there's such a vital network of organizations who share our concern for water and that so many people are doing critical, on-the-ground work protecting fresh water resources worldwide."

"It was a daunting exercise to evaluate and choose from the 159 applications," said Rob de Loë, professor and University Research Chair in Water Policy and Governance, University of Waterloo, and chair of the RBC Blue Water Project Advisory Panel. "We were looking for innovative, collaborative programs that would provide a significant, measurable environmental and social impact. I'm confident that the 31 finalists represent a strong-cross section of local, regional and national programs that will result in better protection for watersheds and improved access to clean drinking water."

The RBC Blue Water Project is intended help foster a culture of water stewardship in Canada and abroad and includes a 10-year, $50 million philanthropic commitment to programs supporting watershed protection and access to clean drinking water. Since 2007, RBC has committed more than $20.48 million in single and multi-year grants to 155 organizations, including the 31 announced today.

RBC is recognized among the world's financial, social and environmental leaders 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. RBC is among 67 companies and one of only 18 financial institutions worldwide named to the 2008 Global Carbon Disclosure Leadership Index. RBC contributed $99 million to community causes worldwide in 2008, through donations of more than $51.5 million, and an additional $47.5 million in sponsorship of community events.

Applications for the 2010 RBC Blue Water Project Leadership Grants are due in March 2010. Applications for Community Action Grants are accepted year-round. For more information on the RBC Blue Water Project, as well as grant guidelines and application forms, visit www.rbc.com/bluewater.

- 30 -

Media contact:

Matthew Gierasimczuk, RBC Media Relations, (416) 974-2124

For a full list of recipients go to: www.rbc.com/newsroom/pdf/2009BWP-Grant-recipients.pdf

Note: Financial references in Canadian dollars unless otherwise indicated.

 

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08/12/2009 08:47:26