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Climate change is one of the most pressing issues of our time and addressing it will require significant and difficult choices. From how we live, work and move around to how we evolve our economy and policies – all will require thoughtful and measured approaches to help us make an orderly and inclusive transition to net-zero. There’s no question that achieving global climate goals will be a challenge – but it’s one we’re up for, and we’re ready to do our part.

RBC’s Climate Strategy in Action

We lay out our climate strategy in the RBC Climate Blueprint(opens in a new window) which sets out our four strategic priorities and the key levers we can use to advance our ambition to accelerate the transition to a greener economy.1

Helping clients as they transition to net-zero

We aim to empower our clients to reduce emissions and scale solutions for a greener economy.1

Holding ourselves accountable

We’re setting goals and targets and measuring progress to help keep on track. RBC has committed to achieving net-zero emissions in our lending by 2050.

Informing and inspiring a sustainable future

Action starts with knowledge. We share insights and ideas to help communities, governments and organizations build better solutions.

Advancing net-zero leadership in our own operations

We’ve committed to reducing our own global emissions by 70%(legal disclaimer)2 and sourcing 100%3 of our electricity from renewable and non-emitting sources by 2025.

Our Progress

Engaging clients on climate

Worked to formalize RBC Capital Markets’ approach to engagement with its energy sector clients on their plans for the energy transition

$29 billion

in green finance4 facilitated as part of our $500 billion sustainable finance commitment5

$48 million

committed to support the development and scaling of innovative climate solutions6

Client Engagement Approach on Climate

The Client Engagement Approach on Climate formalizes RBC Capital Markets’ approach to engagement with its energy sector clients on their plans for the energy transition.

Learn more about the Client Engagement Approach on Climate(opens pdf in a new window)

How RBC Can Help

From providing banking solutions that support a greener lifestyle to investing in community initiatives to backing the environmental plans and ambitions of businesses and entrepreneurs, we’re here to support our clients’ and communities’ climate change efforts.

Supporting our clients to achieve their climate goals

Personal Banking

At RBC, we’re creating more ways to help you take action to reduce emissions. From ways to save and invest, to the car you drive and energy efficiency upgrades for your home, we can help you reach your personal goals and secure a healthier future for the planet.

Learn more about Personal Banking sustainable finance solutions

Sustainable Finance

We believe that considering Environmental, Social and Governance (ESG) factors alongside traditional financial metrics and analysis can help lead to better business decision-making. It can also result in better outcomes for society and the planet. Our Capital Markets Sustainable Finance Group integrates ESG factors into our core capital markets platform, working in collaboration with partners in Global Investment Banking, Global Markets and Corporate Banking to deliver advice and solutions to our clients.

Learn more about our Capital Markets Sustainable Finance Group

Investing in Innovation

Climate Investments

We have a goal to allocate $1 billion by 2030 to support the development and scaling of innovative climate solutions6, by investing in growth equity and venture capital funds, as well as directly in companies.

More about climate investments

RBC Tech for Nature

We made a commitment to provide $100 million by 2025 to support community organizations developing cleantech, agriculture, energy, and nature-based climate solutions. This program is called RBC Tech for Nature™. The capital provided is through donations provided by RBC and RBC Foundation.

More about supporting tech-based solutions

RBC Climate
Action Institute

The RBC Climate Action Institute brings together economists, policy analysts and business strategists to help research and advance ideas that can contribute to Canada’s climate progress.

2024 Climate Action Report Sign-up for the weekly Climate Signals Newsletter