Royal Bank of Canada

"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..."

"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." 

"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. "

"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"

"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..."

"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..."

"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..."