RBC named to "Climate Leadership Index 2005"
New York, September 14, 2005 —
RBC Financial Group (RBC) is among 60 companies worldwide
that have been recognized as leaders in understanding and
addressing climate change issues. The ranking was carried
out as part of the Carbon Disclosure Project (CDP), an initiative
sponsored by a coalition of 155 leading institutional investors
that collectively manage $21 trillion in assets. These institutional
investors share a common desire to know the degree to which
large companies are exposed to climate change risks, and how
they are managing them.
In the banking sector, climate change risks are associated
with credit exposure to certain energy-intensive and natural
resource-based industries, as well as unpredictable energy
costs for corporate real estate.
The CDP has sent out annual information requests since 2002
to the 500 largest companies in the world measured by market
capitalization. The company's governance and strategy are
then assessed with respect to managing climate change issues,
as well as its ability to measure and reduce greenhouse gas
emissions, and its capability to quantify both the competitive
and financial costs and benefits of these actions.
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