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Select an assessment year:

  • Overall approach
    5/16
    • Overarching commitment on deforestation
      4/14
      Deforestation commitment
      Understanding of the risks
      4/14
      "RBC GAM recognizes that climate change is one of the most pressing issues of our time and affects almost all sectors and industries. There is strong scientific evidence that climate change is caused by human activities including fossil fuel combustion, deforestation and other changes in land use"
    • Company must have anti-corruption policy
      1/2
      Anti-corruption
      Anti-corruption policy
      1/2
      "However, we believe that there are some basic ESG principles that are applicable across all markets. [...] Principles applicable to sovereign issuers include appropriate anti-corruption measures and the protection of private property rights."
  • Commodity score
    11/64
    • Beef & Leather
      9/64
      • Commitment Strength
        9/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            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
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...]  Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, 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: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must protect priority forests or globally important landscapes
          5.6/9.6
          • Commitment details
            Globally important - Required
            4/8
            Commitment details
            Globally important - Required
            4/8
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • 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
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
        • 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
            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
        • 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
            None
            0/0.4
      • Social Considerations
        0/22
        • 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
        • 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
            None
            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
            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
    • Palm oil
      18/64
      • Commitment Strength
        18/42
        • Commodity-specific financing policy
          9.2/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "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.[...] 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
            "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.[...] 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
            0.4/0.4
            Policy applies to all deals
            All
            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.[...] 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
            0.4/0.4
            Policy applies to all companies
            All
            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.[...] 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; 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 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.[...] 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
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...]  Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, 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: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must protect priority forests or globally important landscapes
          5.6/9.6
          • Commitment details
            Globally important - Required
            4/8
            Commitment details
            Globally important - Required
            4/8
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • 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
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
        • 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
            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
        • 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
            None
            0/0.4
      • Social Considerations
        0/22
        • 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
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: yes
          • 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 address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
            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
    • Soy
      9/64
      • Commitment Strength
        9/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            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
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...]  Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, 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: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must protect priority forests or globally important landscapes
          5.6/9.6
          • Commitment details
            Globally important - Required
            4/8
            Commitment details
            Globally important - Required
            4/8
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • 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
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
        • 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
            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
        • 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
            None
            0/0.4
      • Social Considerations
        0/22
        • 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
        • 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 deals
            No
            0/0.4
            "RBC is committed to taking the actions set out in this statement in order to meet the responsibility of businesses like ours to respect human rights as set out in the United Nations Guiding Principles on Business and Human Rights (the “UN Guiding Principles”). RBC endeavours to respect the Universal Declaration on Human Rights, the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights in addition to the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work. "
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            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
            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
    • Timber, Pulp & Paper
      8/64
      • Commitment Strength
        8/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            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 companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
            Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...]  Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Some basic principles we apply across all markets in our equity and fixed income asset classes include: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, 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: [...] Robust accounting and risk management systems, Appropriate policies to address material environmental and social risks and opportunities, Policies and controls designed to ensure full compliance with all applicable laws and regulations"
        • Companies must protect priority forests or globally important landscapes
          5.2/9.6
          • Commitment details
            Globally important - Required
            4/8
            Commitment details
            Globally important - Required
            4/8
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
          • 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
            "World Heritage Sites are landmarks or areas having cultural, historical, scientific or other forms of significance and have legal protection through an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). Due to their cultural and natural significance, RBC will not provide direct financing for any project or transaction that involves exploration or development in UNESCO World Heritage Sites"
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Certification scheme (if applicable): FSC
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            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
            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
        • 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
            None
            0/0.4
      • Social Considerations
        0/22
        • 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
        • 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
            None
            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
            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
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      "E&S risk policies seek to identify sectors, clients and business activities that may be exposed to E&S risk; apply enhanced due diligence and escalation procedures, as necessary; and establish requirements to manage, mitigate and monitor E&S risk. We continually update our E&S risk policies and support our business segments and corporate functions in incorporating E&S risk management requirements in their operations."
    • 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’s Environmental and Social Risk Management team provides advice, expertise, training and review on implementation of the Equator Principles and our associated Policy."
    • Reporting on implementation of the policy
      3/5
      Reporting
      Yes - Less than Annually or ad hoc
      3/5
      "2,523 credit risk assessment reviews were carried out by the E&S Risk Management Team in 2018, with the value of the total environmental risk assessments conducted by $17.9 billion."
  • Commitment strength
    11/42
    Avg. score
  • Social considerations
    0/22
    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.

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.