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Select an assessment year:

  • Overall approach
    0/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    9/90
    • Beef & Leather
      6/90
      • Commitment Strength
        3/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • 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
            None
            0/0.4
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • 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
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must monitor operations
          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
            None
            0/0.4
        • Companies must conduct risk assessments
          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
            None
            0/0.4
        • Companies must specify a cut-off date
          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
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          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
            None
            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
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Forced Labour; Child Labour

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • 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
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
        • 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
            None
            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
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          "RBC has developed the RBC Green Bond Framework (the “framework”) under which it is planning to issue green bonds and use the proceeds to finance or refinance, in whole or in part, loans to eligible companies or projects that provide environmental benefits. The framework defines eligibility criteria in seven areas: ... 4. Environmentally Sustainable Management of Living Natural Resources and Land Use..."
    • Palm oil
      17/90
      • Commitment Strength
        6/31
        • Commodity-specific deforestation financing policy
          3/9.6
          • Commitment details
            Sustainability commitment
            2/8
            Commitment details
            Sustainability commitment
            2/8
            "RBC Global Asset Management Inc. (RBC GAM) and its Corporate Governance and Responsible Investment (CGRI) team are committed to understanding and evaluating the evolving risk for palm oil companies. RBC GAM’s investment teams integrate ESG in their investment process as well. Together with the CGRI team, they engage with RBC GAM’s investee companies on ESG-related issues facing the palm oil industry. The CGRI team also oversees RBC GAM’s proxy voting – where ESG-issue risks may be raised with the corporate boards of affected companies. In addition, the CGRI team engages with lawmakers and regulators. By taking this pro-active approach to the integration of material ESG factors in the investment process, RBC GAM is well positioned to manage the evolving risks and opportunities associated with palm oil."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Applies to palm oil companies only: "RBC Global Asset Management Inc. (RBC GAM) and its Corporate Governance and Responsible Investment (CGRI) team are committed to understanding and evaluating the evolving risk for palm oil companies. RBC GAM’s investment teams integrate ESG in their investment process as well. Together with the CGRI team, they engage with RBC GAM’s investee companies on ESG-related issues facing the palm oil industry. The CGRI team also oversees RBC GAM’s proxy voting – where ESG-issue risks may be raised with the corporate boards of affected companies. In addition, the CGRI team engages with lawmakers and regulators. By taking this pro-active approach to the integration of material ESG factors in the investment process, RBC GAM is well positioned to manage the evolving risks and opportunities associated with palm oil."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "RBC Global Asset Management Inc. (RBC GAM) and its Corporate Governance and Responsible Investment (CGRI) team are committed to understanding and evaluating the evolving risk for palm oil companies. RBC GAM’s investment teams integrate ESG in their investment process as well. Together with the CGRI team, they engage with RBC GAM’s investee companies on ESG-related issues facing the palm oil industry. The CGRI team also oversees RBC GAM’s proxy voting – where ESG-issue risks may be raised with the corporate boards of affected companies. In addition, the CGRI team engages with lawmakers and regulators. By taking this pro-active approach to the integration of material ESG factors in the investment process, RBC GAM is well positioned to manage the evolving risks and opportunities associated with palm oil."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "RBC Global Asset Management Inc. (RBC GAM) and its Corporate Governance and Responsible Investment (CGRI) team are committed to understanding and evaluating the evolving risk for palm oil companies. RBC GAM’s investment teams integrate ESG in their investment process as well. Together with the CGRI team, they engage with RBC GAM’s investee companies on ESG-related issues facing the palm oil industry. The CGRI team also oversees RBC GAM’s proxy voting – where ESG-issue risks may be raised with the corporate boards of affected companies. In addition, the CGRI team engages with lawmakers and regulators. By taking this pro-active approach to the integration of material ESG factors in the investment process, RBC GAM is well positioned to manage the evolving risks and opportunities associated with palm oil."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Applies to palm oil companies only: "RBC Global Asset Management Inc. (RBC GAM) and its Corporate Governance and Responsible Investment (CGRI) team are committed to understanding and evaluating the evolving risk for palm oil companies. RBC GAM’s investment teams integrate ESG in their investment process as well. Together with the CGRI team, they engage with RBC GAM’s investee companies on ESG-related issues facing the palm oil industry. The CGRI team also oversees RBC GAM’s proxy voting – where ESG-issue risks may be raised with the corporate boards of affected companies. In addition, the CGRI team engages with lawmakers and regulators. By taking this pro-active approach to the integration of material ESG factors in the investment process, RBC GAM is well positioned to manage the evolving risks and opportunities associated with palm oil."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • 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
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must monitor operations
          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
            None
            0/0.4
        • Companies must conduct risk assessments
          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
            None
            0/0.4
        • Companies must specify a cut-off date
          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
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          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
            None
            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
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Forced Labour; Child Labour

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • 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
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
        • 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
            None
            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
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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
            None
            0/0.4
      • Reporting and Implementation
        8/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "Environmental and social (E&S) risk is the potential for an E&S issue associated with us, a client, a transaction, a product, a supplier or an activity to have a negative impact on our financial position, operations, legal and regulatory compliance, or reputation. E&S issues include, but are not limited to, site contamination, waste management, land and resource use, biodiversity, water quality and availability, climate change, environmental regulation, human rights (including, but not limited to, Indigenous Peoples’ rights) and community engagement. GRM is responsible for developing and maintaining policies to identify, assess, monitor and report on E&S risk, and to regularly review and update E&S risk policies."; "RBC Global Asset Management Inc. (RBC GAM) and its Corporate Governance and Responsible Investment (CGRI) team are committed to understanding and evaluating the evolving risk for palm oil companies. RBC GAM’s investment teams integrate ESG in their investment process as well." 
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Our environmental and social due diligence requirements are often based on international best practices such as the International Finance Corporation (IFC) Performance Standards as well as standards set by the Canadian Standards Association (CSA) and ASTM International.Based on the outcome of our investigations, we may require clients to manage or mitigate environmental and social issues before we proceed with financing. Transactions flagged as having unclear or higher risk are reviewed by RBC’s Environmental and Social Risk Management team, which includes professionals responsible for environmental and social risk management at RBC...RBC and our clients routinely use third-party environmental consultants to perform environmental investigations and prepare environmental reports. In large-scale project financing, consultants are responsible for carrying out environmental impact assessment reports, and an independent engineer may be appointed to monitor and report on environmental and social issues. All investigations carried out as part of the financing process must be performed by environmental consultants that meet RBC’s rigorous standards. "
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Type of reporting: performance metrics
          "Number of credit risk assessments reviewed for E&S risk...1,852...Value of all credit risk assessments reviewed for E&S risk...$15.4 billion"
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          "RBC has developed the RBC Green Bond Framework (the “framework”) under which it is planning to issue green bonds and use the proceeds to finance or refinance, in whole or in part, loans to eligible companies or projects that provide environmental benefits. The framework defines eligibility criteria in seven areas: ... 4. Environmentally Sustainable Management of Living Natural Resources and Land Use..."
    • Soy
      6/90
      • Commitment Strength
        3/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • 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
            None
            0/0.4
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • 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
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must monitor operations
          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
            None
            0/0.4
        • Companies must conduct risk assessments
          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
            None
            0/0.4
        • Companies must specify a cut-off date
          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
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          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
            None
            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
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Forced Labour; Child Labour

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • 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
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
        • 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
            None
            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
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          "RBC has developed the RBC Green Bond Framework (the “framework”) under which it is planning to issue green bonds and use the proceeds to finance or refinance, in whole or in part, loans to eligible companies or projects that provide environmental benefits. The framework defines eligibility criteria in seven areas: ... 4. Environmentally Sustainable Management of Living Natural Resources and Land Use..."
    • Timber, Pulp & Paper
      6/90
      • Commitment Strength
        3/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • 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
            None
            0/0.4
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • 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
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include... Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must monitor operations
          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
            None
            0/0.4
        • Companies must conduct risk assessments
          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
            None
            0/0.4
        • Companies must specify a cut-off date
          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
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          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
            None
            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
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Forced Labour; Child Labour

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
          • 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
            "Group Risk Management sets out the minimum E&S risk review requirements to be used by RBC Capital Markets and the Corporate Client Group when engaging in corporate lending and debt and equity underwriting. These requirements include screening clients for adherence to International Labour Organization standards, including the prohibition of child and forced or compulsory labour." 
        • 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
            None
            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
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • 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
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          "RBC has developed the RBC Green Bond Framework (the “framework”) under which it is planning to issue green bonds and use the proceeds to finance or refinance, in whole or in part, loans to eligible companies or projects that provide environmental benefits. The framework defines eligibility criteria in seven areas: ... 4. Environmentally Sustainable Management of Living Natural Resources and Land Use..."
  • Commitment strength
    4/31
    Avg. score
  • Reporting and Implementation
    2/31
    Avg. score
  • Social considerations
    3/28
    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 lenders and shareholders to Forest 500 companies, across a broad range of forest risk sectors.

HQ
HQ 
Canada
Financial institution type
Financial institution type 
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.

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.