Leading the way for a better future

We see a better future for this generation and all the ones that follow. As a purpose-driven company, we know it takes a more-than-money approach. We’re using our capabilities to create impact, stimulate public thinking and forge high-impact partnerships that prepare our economy, society and the environment for the future.

Shaping the next generation

We do more than open student bank accounts. To prepare young people for the future, we are helping them gain the right skills to build a foundation of financial, emotional and physical wellness.

In Canada, we’re committed to empowering youth for the jobs of tomorrow through RBC Future LaunchTM. Over the next 10 years, we are dedicating $500 million to help young people gain meaningful employment through work experience, skills development and networking. Beyond the dollars, we are working with young people, youth-focused partners, educational institutions and allies in the private, public and social sectors to co-create and provide access to long-term solutions. And we will continue to lead conversations on youth employment, the skills economy, and the future world of work through proprietary research like our Humans Wanted report.

We’re working across our businesses and communities to make a real difference, encourage learning and shape new opportunities for young people. Here are just a few examples of how:

  • Work-integrated learning initiatives like RBC Amplify™, our intensive summer innovation program offers students exposure to real business challenges and leaders at RBC. It also helps build an important talent pipeline. Over 80% of the 2018 cohort received offers to return to RBC.
  • We encourage the study of science, technology and engineering skills through the RBC Teaching Youth to Code initiative, which has reached 6,000 students globally through more than 40,000 hours of training since 2015.
  • We also support the well-being of children and youth through RBC Race for the Kids, an exciting series of 15 races across nine countries. Since the series began, race events have attracted more than 210,000 participants and raised over $47 million.

Environmental leadership

Climate change is the most pressing issue of our age. To safeguard our future prosperity, we need to accelerate clean growth and support the transition to a low carbon and climate resilient economy. We’re leading the way by providing our stakeholders with a better understanding of how we assess climate-related risks and opportunities. We were the first Canadian financial institution to issue a dedicated climate-related disclosure statement that considered the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Our role as a leading financial advisor, underwriter and thought leader in the green bond market is just one example of our commitment. In 2018, RBC was the 13th largest underwriter of green bonds globally, with a total underwriting amount of US$2.6 billion from 19 deals. We also hosted our fifth annual Green Bond Conference in Toronto and published our latest research report on the global green bond market.

We remain focused on having the right policies in place, understanding risk and developing and implementing strategic responses to give our clients and communities a sustainable advantage.

For more information, check out our Environmental Social and Governance (ESG) Investors Report.