Royal Bank of Canada partners with diverse-owned broker dealers on US$750 million Green Bond
The transaction is RBC's second Green Bond offering, following its inaugural
The proceeds will finance or refinance a portfolio of assets primarily in the categories of renewable energy, green buildings, sustainable land use and clean transportation.
"Our second Green Bond is another important step forward in advancing our Purpose-driven approach to accelerating the transition to a net zero economy and in supporting projects and organizations that share in our goal of contributing to a more sustainable and inclusive future," said
- 2020 Environmental, Social and Governance (ESG) Performance Report offers insights into overarching strategies, new and continuing commitments, and performance related to relevant ESG topics.
Task Force on Climate-related Financial Disclosures (TCFD) Reporthighlights progress in implementing the recommendations of the TCFD to disclose the risks and opportunities associated with climate change.
2020 Green Bond Report provides investors with updates regarding RBC's
EUR500 million5-year Green Bond offering from 2019, including: details on its Green Bond Asset Portfolio; the allocation of proceeds to that Portfolio; and, the associated environmental impacts.
RBC has long-established environmental leadership, dating back to 1991, when it launched its first corporate environmental policy. In 2017, RBC was the first Canadian bank to publish a TCFD aligned disclosure outlining the steps it was taking to manage climate risks and opportunities, and describing the organization's ongoing commitment to climate-related disclosures.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Green Bonds or any other securities, nor shall there be any sale of the green bonds in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.