TORONTO, March 12, 2013 - RBC has released its 2012 Corporate Responsibility Report and Public Accountability Statement, outlining the bank's economic, environmental and social commitments and their impact.
"A growing number of organizations are looking at ways to contribute to social and environmental success while driving financial performance," said Gordon Nixon, president and chief executive officer, RBC. "At RBC, we work hard to strike a balance between our business interests and broader social and environmental interests. We believe that this balance is critical to our long-term success."
RBC focuses on six priority areas where we have an impact as a financial services company: corporate integrity, economic impact, marketplace, workplace, environment and community. RBC's commitments in each of these priority areas comprise our overall corporate responsibility strategy. We track and report our performance against these commitments every year.
RBC performance highlights from 2012 include:
Financial services companies depend on a foundation of trust and on effective risk management for their long-term success. We maintain trust by acting with integrity in everything we do.
Economic impact: Like all businesses, RBC strives to generate profits, while also having a positive impact on the economies of the communities and countries in which we do business.
Marketplace: RBC's vision is to "always earn the right to be our clients' first choice." Our practices and performance in the marketplace, including products, services and the expertise of employees are essential to helping us meet this goal.
Workplace: At RBC, our employees are our greatest asset. We depend on the expertise, professionalism and integrity of our 80,000 person strong workforce worldwide to create and deliver products and services to meet our clients' needs.
Environment: Environmental sustainability matters to our clients, shareholders and employees. We are committed to reducing our environmental footprint, lending responsibly, providing green products and services to our clients, and promoting environmental sustainability.
Community: We strongly believe in supporting the communities in which we live and work. This is not only a long-standing core value of RBC, but also an important component of our brand, driving our reputation and enhancing client and employee loyalty.
A short summary of the report, the Corporate Responsibility Review, is available in a carbon-neutral print version in RBC branches, and the full report is available as a PDF on rbc.com. RBC has produced an annual Corporate Responsibility Reports since 1999.
About RBC Community & Sustainability
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We employ approximately 80,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 49 other countries. RBC is recognized among the world's financial, social and environmental leaders and is listed on the 2012 - 2013 Dow Jones Sustainability World Index, the DJSI North American Index, the Jantzi Social Index and the FTSE4Good Index. RBC is one of Canada's Greenest Employers, one of Canada's 50 Most Socially Responsible Corporations and among the Global 100 Most Sustainable Corporations in the World.
RBC supports a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2012, we contributed more than $95 million to causes worldwide, including donations and community investments of more than $64 million and $31 million in sponsorships.
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For further information, please contact:
André Roberts, RBC Communications, 416 974-3678