Royal Bank of Canada (RBC) Canada
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Created before Nov 2016 Last update: Feb 26 2021
About Royal Bank of Canada (RBC) The Royal Bank of Canada (in French, Banque Royale du Canada, and commonly RBC in either language) was founded in 1864 in Halifax, Nova Scotia and is the largest financial institution in Canada by measured deposits, revenues, and market capitalisation. The bank serves sixteen million clients and has more than 81,000 employees worldwide. The bank offers retail banking, corporate banking and investment banking services.
Website http://www.rbc.com
Headquarters 200 Bay Street ON M5J 2J5 Toronto Canada
CEO/chair David I. McKay CEO
Supervisor Superintendent of Financial Institutions (OSFI)
Annual report Annual Report 2020
Ownership listed on NYSE, SIX Swiss Exchange & Toronto Stock Exchange Royal Bank of Canada's shareholder structure can be accessed here.
Complaints RBC does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. and Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance). grievances
Sustainability
Voluntary initiatives Royal Bank of Canada (RBC) has committed itself to the following voluntary standards: Carbon Disclosure Project Dow Jones Sustainability Indices Equator Principles Global Reporting Initiative Principles for Responsible Investment (PRI) Sustainability Accounting Standards Board Task Force on Climate-related Financial Disclosures UNEP Finance Initiative
Investment policies Royal Bank of Canada's web page on corporate social responsibility can be accessed here.
Environmental and social risk management Date listed represents date as accessed on website Feb 26 2021 | Royal Bank of Canada
Code of Conduct Jan 1 2021 | Royal Bank of Canada
Policy guidelines for sensitive sectors and activitities Sep 14 2020 | Royal Bank of Canada Global approach to anti-money-laundering (AML) Feb 7 2020 | Royal Bank of Canada
Supplier Code of Conduct Jan 27 2020 | Royal Bank of Canada
Climate Blueprint Nov 25 2019 | Royal Bank of Canada
Modern Slavery Statement Apr 30 2019 | Royal Bank of Canada
Environmental policy Mar 5 2019 | Royal Bank of Canada
Climate change position & disclosure statement 2017 Jan 31 2018 | Royal Bank of Canada
BankTrack campaigns and Royal Bank of Canada (RBC)
Human rights
True leader BankTrack has assessed Royal Bank of Canada (RBC) on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Royal Bank of Canada (RBC) is assessed as a Laggard, with a total score of 0.5/12. Front runner Policy: 0.5/3 Due dilligence: 0/3 Reporting: 0/3 Remedy: 0/3 Follower For more details, see Banking with Principles? 2016 update. Laggard
Equator Principles
Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here.
Royal Bank of Canada (RBC) is reporting on the implementation here.
Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which Royal Bank of Canada (RBC) is also involved, please get in touch with our Equator Principles team.
Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by Royal Bank of Canada (RBC) -note that some files may be on record, no longer updated-:
Projects
Coastal GasLink pipeline Canada Pipeline Transportation of Natural Gas active
Trans Mountain Pipeline Expansion project (TMEP) Canada Pipeline Transportation of Crude Oil active
Atlantic Coast Pipeline United States Pipeline Transportation of Natural Gas on record
Toka Tindung gold mine Indonesia Mining on record Good moves Related Dodgy Deals
Royal Bank Of Canada (RBC) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Projects
Keystone XL pipeline United States active Pipeline Transportation of Crude Oil
Trans Mountain Pipeline Expansion project (TMEP) Canada active Pipeline Transportation of Crude Oil
Line 3 Pipeline Replacement Project (L3RP) United States target Pipeline Transportation of Crude Oil
Annova LNG Terminal United States active LNG Terminal
Coastal GasLink pipeline Canada active Pipeline Transportation of Natural Gas
Mountain top removal coal mining United States on record Coal Mining
Grasberg gold and copper mine Indonesia on record Mining
Toka Tindung gold mine Indonesia on record Mining
Canadian tar sands Canada on record Oil and Gas Extraction
Israeli illegal settlements Israel on record Construction
Enbridge Northern Gateway pipelines Canada on record Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Great Barrier Reef Coal & Gas Exports Australia on record Coal Mining | Fossil Fuels Bulk Stations and Terminals | Oil and Gas Extraction
Offshore Detention Centres Australia on record Prisons and Immigration Detention
Mountain Valley Pipeline United States on record Pipeline Transportation of Natural Gas
Atlantic Coast Pipeline United States on record Pipeline Transportation of Natural Gas
Companies
EDF France active Biomass Electric Power Generation | Hydroelectric Power Generation | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
Royal Dutch Shell Netherlands active Oil and Gas Extraction TotalEnergies France active Gas Electric Power Generation | Oil and Gas Extraction | Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
RWE Germany on record Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Commodities Trading | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
Rio Tinto Australia on record Coal Mining | Mining | Nuclear Electric Power Generation
Orano France on record Mining | Nuclear Electric Power Generation
BHP Billiton Australia on record Coal Mining | Mining | Oil and Gas Extraction
Coal India India on record Coal Mining
Enbridge Canada on record Oil and Gas Extraction | Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Arch Resources United States on record Coal Mining
Anglo American United Kingdom on record Coal Mining | Mining
Glencore Switzerland on record Coal Mining
Vale Brazil on record Coal Mining | Mining
TC Energy Canada on record Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Kinder Morgan United States on record Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
BAE Systems United Kingdom on record Arms Industry and Trade