TORONTO, Sept. 21 /CNW/ - RBC today announced a significant initiative to
reduce the environmental impact of its Canadian operations by expanding its
commitment to purchase clean, renewable green power for all new locations
expected to open across the country throughout 2007 and 2008. This initiative
will boost RBC's green energy consumption to more than 7,000 megawatt hours.
By the end of 2008, more than 70 retail banking and insurance locations
across the country will be powered by clean, renewable sources that meet
Environment Canada's EcoLogo(M) standard.
"We have a responsibility to our clients, our communities and our
employees to reduce greenhouse gas emissions and seek out opportunities to
preserve and protect the environment," said James Westlake, head of Canadian
Banking. "Using green power in our new locations, encouraging clients to
switch to e-statements, and decreasing our own energy and paper consumption,
are a few ways in which RBC is further reducing our operational footprint and
reinforcing our environmental commitment."
RBC is also integrating green building practices into new leased
facilities. For example, the RBC Centre under construction in Toronto will use
deep lake water cooling and will include an under floor air distribution
system and a rainwater re-use system. By taking ongoing steps to cut energy
consumption and stepping up the use of green energy, by the end of 2008 RBC
expects to reduce greenhouse gases by over 5,000 tonnes annually, and other
harmful emissions by more than 20 tonnes annually.
As part of this initiative, RBC announced it is renewing and expanding
its current contract with Bullfrog Power for new retail locations to be opened
in Alberta and Ontario. RBC currently purchases green power from Bullfrog
Power for 23 locations in these provinces.
"RBC's commitment to use renewable energy sources demonstrates its
leadership role in sustainable business practices," said Tom Heintzman,
president, Bullfrog Power. "RBC was the first financial institution in Canada
to purchase green power from Bullfrog in 2005 and we are proud to help them
continue to create a cleaner, healthier environment for their clients."
Bullfrog Power is a leading provider of 100 per cent green electricity.
Founded in 2005, Bullfrog provides homes and businesses in Alberta and Ontario
with an easy way to go green and help create a cleaner, healthier environment
for future generations. All of Bullfrog's power comes from clean, renewable
sources like wind power and low-impact water power that displace polluting and
carbon-intensive sources like coal. Bullfrog sources power exclusively from
generators that have received Environment Canada's Environmental Choice(M)
Program EcoLogo(M) certification. Thousands of Canadian homeowners and
hundreds of businesses have made the decision to become "bullfrogpowered(TM)"
and support the generation of clean, renewable power.
RBC is considered one of Canada's most respected corporations and leading
employers, and is recognized among the world's financial, social and
environmental leaders. RBC was named Canada's Best Corporate Citizen in 2007,
and is included on the Dow Jones Sustainability Index, the Jantzi Social
Index, the FTSE4Good Index, and the Global 100 Most Sustainable Corporations
ranking. In 2007, Newsweek magazine ranked the company first among large
corporations worldwide for its ability to manage environmental risks and
opportunities. The company produces an annual Corporate Responsibility Report
outlining its sustainability performance.
For further information:
For further information: Beja Rodeck, RBC Media Relations, (416)