RBC named to Canadian Carbon Disclosure Leadership Index 2009
TORONTO, October 8, 2009— RBC is among 15 companies
named to the Canadian Carbon Disclosure Leadership Index 2009,
a prestigious honour roll of Canadian leaders at understanding
and managing the financial risks and opportunities resulting
from climate change.
The ranking was carried out by PricewaterhouseCoopers (PwC)
on behalf of the Carbon Disclosure Project (CDP), an initiative
sponsored by a coalition of 485 institutional investors and
asset managers representing $55 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. RBC
Asset Management was a signatory to the 2009 CDP request.
Since 2002, the CDP has sent out annual information requests
to the largest companies in the world measured by market capitalization.
Each company was judged on its governance and strategy with
respect to managing greenhouse gas emissions, emissions reduction
targets, risks and opportunities associated with climate change.
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 lending portfolios.
Since its inception, CDP has become the gold standard for
carbon disclosure methodology and process and its website
www.cdproject.net
is the largest repository of corporate greenhouse gas emissions
data in the world.
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, one of Canada's 50 Most Socially
Responsible Corporations and one of the Best Workplaces in
Canada. RBC is also listed on the Jantzi Social Index and
the FTSE4Good Index.
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