When we work closely with other like-minded investors, we can maximize our impact in improving ESG-related disclosure and corporate practices. Our strategic collaborations allow us to address the issues that are becoming increasingly important to shareholders.
UN Principles for Responsible Investment
RBC GAM is a signatory to the UN Principles for Responsible Investment (PRI). We are committed to putting the UN PRI's six Principles of Responsible Investment into practice and believe that they are aligned with our existing approach to responsible investment.
We are also a signatory to the PRI Statement on ESG in Credit Ratings, which encourages credit rating agencies to proactively take ESG factors into consideration for relevant issuers.
1. We will incorporate ESG issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
4. We will promote acceptance and implementation of the Principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the Principles.
6. We will each report on our activities and progress towards implementing the Principles.
The PRI evaluates signatories' approaches to the Principles based on its assessment methodology. In our most recent Assessment Report, the PRI gave each of our modules a score of A+.
As part of the paid annual membership services, the PRI evaluates signatories' approaches to the Principles based on its assessment methodology. Once the responses are assessed, all indicator scores are aggregated and modules are assigned a performance band (from A+ down to E). Our firm’s full transparency report as one of over 2,000 signatories can be found here: RBC GAM PRI Transparency Report. Our firm’s full private Assessment Report from the UN PRI is available upon request.
RI Transparency Report
RBC GAM’s detailed responses to the UN PRI on our responsible investing activities for the most recent year.
We work closely with other like-minded investors and investor coalitions to improve the ESG-related disclosure and practices of our investee companies.
Canadian Coalition for Good Governance
RBC GAM is a founding member of Canadian Coalition for Good Governance (CCGG) . The CCGG promotes good governance practices in Canadian public companies and works to improve the regulatory environment to best align the interests of boards and management with their shareholders. Members of RBC GAM’s Corporate Governance and Responsible Investment team serve on the Public Policy and Environmental & Social committees.
Responsible Investment Association
RBC GAM is a sustaining member of the Responsible Investment Association (RIA). The RIA is Canada’s membership association for responsible investment. A member of RBC GAM’s Corporate Governance and Responsible Investment team is the Vice-Chair of the RIA board.
RBC GAM is a proud signatory to the Canadian Investor Statement on Diversity and Inclusion. Read the full statement.
30% Club Canadian Investor Group
RBC GAM is a signatory to the 30% Club Canadian Investor Group. The group is a coalition of Canada’s largest institutional investors with the objective to achieve a minimum of 30% women on the boards and in senior management roles of S&P/TSX composite index companies by 2022. For more information on the investor group’s commitment to gender diversity, please see its Statement of Intent.
Investor Stewardship Group
RBC GAM is a founding member of the Investor Stewardship Group (ISG). The ISG is a collective of institutional investors brought together to establish a framework of basic standards of investment stewardship for institutional investors and corporate governance principles for U.S. listed companies.
UK Stewardship Code
RBC GAM is a signatory to the UK Stewardship Code (2012). The Code aims to enhance the quality of engagement between asset managers and companies to help improve long-term risk-adjusted returns to shareholders. We have recently published our Stewardship Code Statement of support for the updated UK Stewardship Code (2020), which is currently under consideration by the Financial Reporting Council (FRC).
Japanese Stewardship Code
RBC GAM is a signatory to the Japanese Stewardship Code. The Code sets out the principles that institutional investors should adhere to in order to fulfill their stewardship responsibilities to clients, beneficiaries and investee companies.
International Corporate Governance Network
RBC GAM is a member of the International Corporate Governance Network (ICGN). The ICGN aims to promote effective standards of corporate governance and investor stewardship to advance efficient market and sustainable economies worldwide.
Council of Institutional Investors
RBC GAM is a member of the Council of Institutional Investors (CII). The CII aims to promote effective corporate governance, strong shareowner rights and vibrant, transparent and fair capital markets.
RBC GAM is a signatory to the CDP, formerly known as the Carbon Disclosure Project. The CDP runs the global disclosure system that enables entities to measure and manage their environmental impacts and strives to advance environmental disclosure.
Sustainability Accounting Standards Board
RBC GAM is a member of the Sustainability Accounting Standards Board (SASB) Alliance and SASB’s Investor Advisory Group. SASB’s mission is to help businesses around the world identify, manage and report on the sustainability topics that matter most to their investors.
Climate Action 100+
RBC GAM is a signatory to the Climate Action 100+. This investor collaboration focuses on active engagement with the world’s largest publicly traded and systemically important carbon emitters, or companies with significant opportunity to drive the transition to a low-carbon economy.
Task Force on Climate-related Financial Disclosures (TCFD)
RBC GAM is a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) and commits to producing annual climate-related financial risk disclosures aligned with the recommendations of the TCFD. The TCFD recommendations have quickly become a global framework for building comparable and effective disclosures on climate-related risks and opportunities.