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Access to financing is required to promote innovation and adoption of solutions needed for the transition. Certain solutions for climate mitigation are in the early stages of technological or market maturity and are not yet suitable for bank financing. Investing in climate solutions, through fund and direct investments, allows RBC to support innovation and commercialization at earlier stages than through traditional lending arrangements alone.
In 2024, RBC set a goal to allocate $1 billion by 2030 to support the development and scaling of climate solutions by investing in venture capital and growth equity funds, as well as directly in companies.1 In 2025, RBC committed over $80 million in fund and direct investments, totaling $248+ million since 2022.2
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Climate solutions — technology, products, services or actions that help mitigate or adapt to the impacts of climate change. Solutions include those that support greenhouse gas (GHG) emissions reductions and/or the low-carbon transition, but also those that support outcomes linked to society’s resilience to the physical impacts of climate change (e.g., adaptation of infrastructure, nature and/or biodiversity gains).
Resilient or resilience — capacity to anticipate, cope with, recover from, or adapt to shock, disruption, stress or changing factors in the external environment. In the context of climate, this refers to the resilience of the economy to the effects of climate change.
Transition — refers to the economic, energy, technological, and societal transformation that is required to achieve the significant greenhouse gas (GHG) emissions reductions necessary for a low-carbon or net-zero world. This will impact all sectors, and is highly dependent on substantial GHG emissions reductions in high-emitting sectors.
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