Value for Environment

Our priorities:

  • Reduce our environmental footprint
  • Finance responsibly (see Marketplace chapter)
  • Develop products that have a positive social and economic impact (see Marketplace chapter)
  • Promote environmental sustainability

As one of Canada’s largest banks and one of the largest banks in the world (by market capitilization), RBC recognizes the environmental impact we have on the communities in which we live and work. We are committed to proactive and prudent management of the environmental aspects of our business.

RBC I&TS has long been recognized for its leadership in championing sustainable development. Its initiatives apply to its operations and commercial activities including investments, loans, project finance. RBC I&TS pursues an active policy intended to limit its effects on the environment, both direct (with the aim of quickly achieving carbon neutrality in energy consumption and business travel) and indirect (i.e., as part of its business operations).

Each office within the RBC I&TS global franchise manages responsibly all aspects of its business to ensure local environmental laws and recognized standards are met or exceeded. Most notably, the premises of RBC I&TS’ key operating hubs in Luxembourg and Canada are environmentally advanced buildings that help reduce our environmental impact on the globe.

Our Luxembourg headquarters, Esch Belval has been operational since 2006 and is part of a project aimed at the regeneration and development of a former industrial site in Luxembourg.

  • Since 2008, Esch Belval has been awarded the Ecolabel. The Ecolabel is an acknowledged award for environmentally correct waste management in companies in Luxembourg which is granted by the Ministry of Tourism and Ministry for Sustainable Development.
  • Ongoing initiatives to reduce energy and paper consumption and promote recycling include:
    • 17 water fountains have been installed to promote the consumption of local water and reduce the purchase of plastic bottles, length of tap water use has been reduced by 53% (from 15 seconds to 7 seconds).
    • Office lighting systems use light sensors and/or occupancy detectors, electronic sun-tracking system automatically open and close blinds based on weather conditions.
    • Double-sided printing by default has been set up on all printer. The paper we purchase comes from sustainable forests and the weight of paper purchased has been reduced from 80g to 75g.
    • All paper, plastic, cans and glass can be recycled, any organic waste goes to bio-waste and all residual waste is thermal recycled. Battery recycling is also available.
  • RBC I&TS’ landlord at Esch Belval has initiated a BREEAM certification of the building. BREEAM is the world's leading sustainability assessment method for master-planning projects, infrastructure and buildings and the assessment process evaluates the procurement, design, construction and operation of a development against targets that are based on performance benchmarks.

Since 2009 RBC I&TS’ Toronto headquarters has been RBC Centre. RBC Centre has the distinction of being certified in 2012 as one of the largest LEED Gold for new Construction, and LEED Gold for Commercial Interiors project in Canada. LEED is a voluntary standard for developing high-performance, sustainable buildings.

To obtain Gold certification, the building’s design and RBC’s interior space incorporated a number of features including deep lake cooling, power conservation through indirect lighting and lighting sensors, light shelves that reflect natural light deep inside the building, use of Energy Star appliances, diversion of over 75% of interior construction waste from landfill, over 20% of the materials used to construct the interior space were made of recycled content, and a storage facility for bicycles.

At RBC, we are reducing our environmental impact as a whole by choosing to lease or build office space certified to green building standards, including the predominant North American green building standard, LEED. This year we achieved our Environmental Blueprint target of occupying over 350,000 m2 of LEED Gold certified office space, three years ahead of schedule. In 2015, our offices worldwide occupied 427,937 m2 of LEED certified office space, and 72.6% of our major properties (facilities with an area greater than 2,320 m2) globally are LEED certified.

Learn More

2015 Corporate Responsibility Report (see page 41)  PDF
RBC and the Environment Backgrounder  PDF
RBC Blue Water  URL