Royal Bank of Canada 2022 SR
The report outlines Royal Bank of Canada's progress on its ESG strategic priorities, including climate change, diversity and inclusion, youth success, and financial wellbeing for the 2022 fiscal year. Key highlights include providing $84.8 billion in sustainable finance, releasing initial 2030 interim emissions reduction targets for lending in the oil and gas, power generation, and automotive sectors, and investing $200 million in employee total rewards and benefits. The company also achieved a 58% reduction in operational greenhouse gas emissions compared to its 2018 baseline and sourced 90% of its electricity from renewable and non-emitting sources. Furthermore, RBC reached a cumulative total of 5.3 million youth through its RBC Future Launch program and committed $100 million to support Black entrepreneurs.
Company: Royal Bank of Canada
Sector: Financials
Country: Canada
Year: 2022
Type: SR
Pages: 115
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Royal Bank of Canada
ESG Performance Report
The report outlines Royal Bank of Canada's progress on its ESG strategic priorities, including climate change, diversity and inclusion, youth success, and financial wellbeing for the 2022 fiscal year. Key highlights include providing $84.8 billion in sustainable finance, releasing initial 2030 interim emissions reduction targets for lending in the oil and gas, power generation, and automotive sectors, and investing $200 million in employee total rewards and benefits. The company also achieved a 58% reduction in operational greenhouse gas emissions compared to its 2018 baseline and sourced 90% of its electricity from renewable and non-emitting sources. Furthermore, RBC reached a cumulative total of 5.3 million youth through its RBC Future Launch program and committed $100 million to support Black entrepreneurs.
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Document Details
Report Year
2022
Reporting Period
Nov 1, 2021 - Oct 31, 2022
Fiscal Year
2022
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees