Summary
The RBC Climate Blueprint is a strategic document outlining the bank's approach to support clients in transitioning to a low-carbon and resilient economy. Originally published in 2019, this updated version reflects the bank's commitment to evolving its strategy based on client and community needs, as well as aligning with the RBC Purpose Framework introduced in 2023. The document details specific actions and goals, including advancing climate risk management practices, reducing emissions, increasing green financing, and engaging with clients to facilitate their transition efforts. It also acknowledges the complexities of climate measurement methodologies and the potential impact of legislative and market changes on the strategy. The document defines key terms related to climate solutions and financing, emphasizing the bank's role in supporting both low-carbon energy growth and traditional energy needs. It serves as a comprehensive guide for understanding RBC's climate strategy across its business segments, excluding specific investment advisory activities.
