RBC has once again been named a constituent of the FTSE4Good Index, which measures the performance of companies demonstrating strong environmental, social and governance (ESG) practices. FTSE4Good indices are a standard used when creating or assessing responsible investment products.
FTSE4Good indices are being used by institutional and private responsible investors in four main ways:
- Financial products – as tools in the creation of index-tracking investments, financial instruments or fund products focused on responsible investment
- Research – to identify environmentally and socially responsible companies
- Reference – as a transparent and evolving global ESG standard against which companies can assess their progress and achievements
- Benchmarking – an index to track the performance of responsible investment portfolios
Criteria for the indices are developed using an extensive market consultation process and are approved by an independent committee of experts. A broad range of stakeholders help shape the measures, including non-government organizations, governmental bodies, consultants, academics, the corporate sector and the investment community.
RBC continues to be recognized for programs and performance related to environmental sustainability and corporate citizenship by top tier ESG rating agencies. In 2018, RBC was recognized as one of the “Best workplaces in Canada” and one of “Canada’s Greenest Employers”.