January 24, 2007 — RBC has been named one of the world's top 100 sustainable companies, according to the third annual "Global 100" ranking announced in the January 29 edition of BusinessWeek magazine, and to be unveiled at the World Economic Forum in Davos, Switzerland this week.
The Global 100 list, based on research and analysis by Innovest Strategic Value Advisors and Corporate Knights, identifies companies that have the best-developed abilities, relative to their industry peers, to manage environmental, social and governance risks and opportunities. The companies were selected from the Innovest universe of 1,800 publicly-traded companies.
Companies were rated on such criteria as strategic governance, environmental initiatives, and human capital/labour relations practices.
This is the third consecutive year that RBC has been named to the Global 100 list. The full Global 100 list can be found online.
This honour adds to an impressive suite of recognition garnered by RBC for programs and performance related to sustainability and corporate responsibility. RBC is listed on the 2007 Dow Jones Sustainability Index, recognizing the world's financial, social and environmental corporate leaders, as well as the Jantzi Social Index and the FTSE4Good Index.
In 2006, RBC submitted our fourth annual response to the Carbon Disclosure Project (CDP), sponsored by a coalition of 225 institutional investors representing more than USD$31 trillion in assets to assess how more than 2100 companies worldwide are managing climate change risks and opportunities. RBC out-performed most of our competitors in the banking sector, ranking within the top three of North American respondents.