Narrator: The world is changing rapidly. How we live and work is evolving as we navigate complex environmental and social challenges. Climate change is real and affects us all. We must do more than react.
At RBC, we are rising to the challenge to work together and respond, to develop and support ideas that will help us transition to a sustainable, prosperous future; to accelerate clean economic growth supporting individuals, businesses, and communities through a socially inclusive transition to net zero.
Fusing all of our strengths, financing, investment, risk management, thought leadership, and community investment, into a coordinated strategy we call the RBC Climate Blueprint; a strategy that demonstrates that finance-led innovation can achieve measurable progress on climate change, a strategy that can help create a clean, prosperous economy.
We are already putting our strategy into action with investments in our talent and capabilities in sustainable finance and climate-risk management with an executive-led climate working group, with a commitment to reach net zero emissions in our lending by 2050, aligning with the international goals of the Paris Agreement, and a commitment of $500 billion in sustainable financing by 2025. We are achieving significant progress.
Our first green bond has been issued. Our first large-scale renewable energy power purchase agreement for the construction of two solar farms in Alberta was secured and is now connected to the grid, providing enough clean electricity to power over 2,500 homes each year.
Our environmental donations through RBC Tech for Nature commits up to $10 million annually to solve environmental challenges. And our carbon neutrality and reductions in our own emissions demonstrates we are walking the talk.
We’re turning dialogue into action to foster clean innovation and advancement now. Together, we will use the RBC Climate Blueprint to help create the sustainable future we all want to see.