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  • Overall approach
    4/16
    • Overarching commitment on deforestation
      4/16
      Deforestation commitment
      Understanding of the risks
      4/16
      " There is strong scientific evidence that climate change is caused by human activities including fossil fuel combustion, deforestation and other changes in land use". 
      Open source document
  • Commodity score
    23/64
    • Beef & Leather
      19/64
      • Commitment Strength
        13/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
        • Companies must protect priority forests or globally important landscapes
          9.6/9.6
          • Commitment details
            All high priority landscapes - Require
            8/8
            Commitment details
            All high priority landscapes - Require
            8/8
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Palm oil
      19/64
      • Commitment Strength
        13/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must be legally operated
          3.5/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers
            0.3/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers
            0.3/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
        • Companies must protect priority forests or globally important landscapes
          9.6/9.6
          • Commitment details
            All high priority landscapes - Require
            8/8
            Commitment details
            All high priority landscapes - Require
            8/8
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests or UNESCO World Heritage Sites". 
            Open source document
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Soy
      19/64
      • Commitment Strength
        13/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
        • Companies must protect priority forests or globally important landscapes
          9.6/9.6
          • Commitment details
            All high priority landscapes - Require
            8/8
            Commitment details
            All high priority landscapes - Require
            8/8
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Timber, Pulp & Paper
      34/64
      • Commitment Strength
        28/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "we believe that there are some basic ESG principlesthat are applicable across all markets. Those include[...] full compliance with allapplicable laws and regulations".
            Open source document
        • Companies must protect priority forests or globally important landscapes
          9.6/9.6
          • Commitment details
            All high priority landscapes - Require
            8/8
            Commitment details
            All high priority landscapes - Require
            8/8
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "RBC will [...] not engage in new financing activities with corporations operating unsustainably in tropical rainforests, High Conservation Value Forests10 or UNESCO World Heritage Sites". 
            Open source document
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Verification method: Certification Scheme
            Certification scheme (if applicable): FSC
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[RBC] assess our corporate lending, and our debt and equity underwriting activities and corporate credit facilities for environmental and social risk. The environmental and social risk management process depends on the type of transaction and sector(s) in which the client operates. Our policy requires that clients operating in industries of elevated environmental risk be subjected to an Environmental and Social Risk Review to evaluate the following:...Certification of logging operations (FSC, SFI, CSA or any other applicable)."
            Open source document
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[...] require that our clients recognize and respect legal rights in project development, including meaningful community consultation and the principle of free, prior and informed consultation with indigenous peoples living in natural areas that exist within project areas."
            Open source document
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
  • Reporting & Implementation
    13/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      "We proactively review and update these policies and processes to address regulatory changes, emerging and evolving issues and international best practices. RBC employs an in-house team of environmental professionals, who provide expertise across the enterprise whenever required".
      Open source document
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - Screening and monitoring process
      5/5
      "Before financing a proposed Project, RBC must ensure the client has complied with the Equator Principles, and that environmental and social issues associated with the Project have been adequately considered and minimized, mitigated, or offset [...] RBC reports annually on our implementation of the Equator Principles."
      Open source document
    • Reporting on implementation of the policy
      5/5
      Reporting
      Yes - Annually
      5/5
      https://www.rbc.com/community-social-impact/_assets-custom/pdf/2018-ESG-Report.PDF
  • Commitment strength
    17/42
    Avg. score
  • Social considerations
    6/22
    Avg. score

Profile

The Royal Bank of Canada are a banking and financial services group headquartered in Canada serving private, corporate and institutional clients. Their services include wealth management, insurance, capital markets, investments, commercial banking and retail banking services. As of 2017, their total assets amount to more than 1.2 trillion CAD, with net loans worth nearly 480 billion CAD. The Royal Bank of Canada are among the top 30 lenders to Forest 500 companies, with loans amounting to more than 11 billion USD across a broad range of forest risk sectors. They are also among the top 50 shareholders for Forest 500 companies, with more than 7 billion USD worth of shares.

HQ
HQ 
Canada
Financial institution type
Financial institution type 
Asset management, Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

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Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.