World Economic Forum in Davos unveiled the list of world’s top 100 sustainable companies, “Global 100: Most Sustainable Corporations in the World”. Royal Bank of Canada entered ranking for the fifth consecutive year.
RBC was one of the only 16 companies in the financial services sector globally, and one of only five Canadian companies included on the 2009 Global 100 list.
The Global 100 list identifies companies that have the best-developed abilities, relative to their industry peers, to manage environmental, social and governance risks and opportunities.
The list is based on research and analysis by Innovest Strategic Value Advisors and Corporate Knights. Companies were selected from Innovest’s universe of 1800 publicly-traded, MCSI world-listed companies, and include those that achieved a combined AAA score from Innovest as of 31 December 2008.
This ranking recognised RBC programs and performance related to sustainability and corporate responsibility.
“I’m proud that RBC and our employees continue to be recognized for our efforts to do business in a sustainable and responsible manner,” says Gordon M. Nixon, president and chief executive officer, RBC.
“RBC is committed to doing better for our clients, our investors, our employees and our communities, through a focused approach to corporate responsibility, a disciplined strategy, sound risk management, strong balance sheet, and a diversified business mix.”
L.D.