Ranked first among Canadian financial institutions; second among North
TORONTO, Sept. 25 /CNW/ - RBC is among 68 companies and one of only 15
financial institutions worldwide named to the Climate Disclosure Leadership
Index 2007, a prestigious honour roll of world leaders at understanding and
managing the financial risks and opportunities resulting from climate change.
Among financial institutions, RBC was ranked first in Canada, second in North
America and tied for fifth place globally.
The ranking was carried out by Innovest Strategic Value Advisors as part
of the Carbon Disclosure Project (CDP), an initiative sponsored by a coalition
of 315 institutional investors and asset managers representing $41 trillion in
assets under management. These investors believe they can make better
investment decisions by assessing the degree to which large companies are
exposed to climate change risks, and how they are managing them. In 2007, RBC
Asset Management became a member of the coalition and signatory to the CDP
"RBC has set itself apart from its peers by disclosing the information
required by investors to judge its readiness for the challenges and
opportunities posed by climate change," said CDP Chief Executive, Paul
Since 2002, the CDP has sent out annual information requests to the
largest companies in the world measured by market capitalization. In 2007, the
request was sent to 2,400 companies worldwide. Each company was judged on its
governance and strategy 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. In the banking sector, climate change risks (or carbon
risks) can include credit risk management procedures for carbon constrained
sectors such as energy and natural resource clients and carbon management of
These two honours add to a growing suite of awards and recognition
garnered by RBC for sustainability and corporate responsibility, including
being named the top large company in the world at effectively managing
environmental risks and opportunities by Newsweek magazine in 2007.
RBC is listed on the 2007 Dow Jones Sustainability Index, the Jantzi
Social Index and the FTSE4Good Index, recognizing the world's financial,
social and environmental corporate leaders.
RBC considers corporate responsibility to include ethical business
practices, having a positive economic impact, operating with integrity in the
marketplace, providing a supportive workplace, being environmentally
sustainable and contributing to communities.
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For further information: Media contact: Beja Rodeck, Media Relations,