Royal Bank of Canada (RBC)
City National Bank, RBC Capital Markets, RBC Wealth Management
Canada, New York
Banks
Corporate Bias Rating
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Risk Level:
High Risk
Summary:
Royal Bank of Canada (RBC) is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Royal Bank of Canada (RBC) embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.
View Full Corporate Bias Ratings ReportShareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 4/11/24 | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | ASMs moved to be Held in Person | Against | N/A | |
| 4/11/24 | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | Disclosure of Non-Confidential Information, Country-by-Country Reporting, Compensation Ratios and Tax Havens | Against | N/A | |
| 4/11/24 | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | The Circular Economy | Against | N/A | |
| 4/11/24 | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | Advisory Vote on Environmental Policies | Against | N/A | |
| 4/11/24 | Comptroller of the City of New York | Disclosure of Companys Clean Energy Supply Financing Ratio | Against | N/A | |
| 4/11/24 | InvestNow | Issue a report disclosing the Banks Oil and Gas Divestments | Against | N/A | |
| 4/11/24 | Job Action | Report on Executive Compensation Level | Against | N/A | |
| 4/5/23 | Social | Racial Equity Audit | Against | 42.24% | |
| 4/5/23 | Social | indigenous peoples rights | Against | 26.67% | |
| 4/5/23 | Environmental | the circular economy | Against | 10.81% | |
| 4/5/23 | Environmental | Fossil Fuel Financing Policy | Against | 6.76% | |
| 4/5/23 | Environmental | advisory vote on environmental policies | Against | 18.76% | |
| 4/5/23 | Environmental | absolute greenhouse gas reduction goals | Against | 17.17% | |
| 4/5/23 | Environmental | TCFD Reporting for M&A and Direct Lending | Against | 7.15% |
In the News
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ESG Today
Royal Bank of Canada (RBC)
Royal Bank of Canada (RBC)
RBC Drops $500 Billion Sustainable Finance TargetApril 30, 2025
Bloomberg
Royal Bank of Canada (RBC)
Royal Bank of Canada (RBC)