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RBC named one of Canada's "50 Most Socially Responsible Corporations"
TORONTO, June 11, 2009— Royal Bank of Canada (RBC)
- RY on NYSE and TSX - has been named one of Canada's "50
Most Socially Responsible Corporations" in the Jantzi-Macleans
Corporate Responsibility Report 2009, appearing in the June
22, 2009 issue of Macleans magazine.
The "50 Most Socially Responsible Corporations"
list is based on research and analysis by Jantzi Research
Associates, an independent investment research firm that evaluates
and monitors the social and environmental performance of approximately
300 Canadian companies and income trusts. Jantzi Research
uses a best-of-sector methodology, assessing all constituents
of the S&P/TSX Composite Index rather than excluding industries,
measuring each firm against the standard of best practices
in its industry.
"The only way a company can survive tough economic times
is by managing its financial, social and environmental performance,
and paying close attention to all three. Our placement on
this list recognizes that we have a focused approached to
sustainability, a disciplined strategy, sound risk management,
strong balance sheet, and a diversified business mix,"
said Gordon M. Nixon, president and chief executive officer,
RBC. "I'm proud that RBC and our employees continue to
be recognized for our efforts to do business in a sustainable
and responsible manner."
This honour adds to an impressive suite of recognition garnered
by RBC for programs and performance related to sustainability
and corporate responsibility.
In 2009, RBC was named one of the world's top 100 sustainable
companies, one of Canada's Greenest Employers, one of Canada's
Best Diversity Employers and one of the Best Workplaces in
Canada. RBC is also listed on the 2008-2009 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. RBC was among 67 companies and one of
only 18 financial institutions worldwide named to the Carbon
Disclosure Leadership Index 2008, a prestigious honour roll
of world leaders at understanding and managing the financial
risks and opportunities resulting from climate change.
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