RBC Capital Markets’ approach to sustainability
At RBC Capital Markets, we drive sustainable outcomes through the integration of ESG across the business – integrating ESG into the advice and solutions provided to clients. We provide clients with a holistic and strategic range of solutions.
Recent trends in corporate sustainability – Taking control of the ESG narrative and the rise in the “S” factor in ESG
Over the last 12 months, many companies have taken a comprehensive review of their operations and developed their own ESG strategy and targets – allowing them to proactively communicate to the market and their stakeholders. By doing so, these corporates have had significant access to a variety of sustainable finance tools, products and solutions.
The pandemic also served to shine a light on the inequality in today’s society and the need for collective action across governments, companies, financial institutions, and even consumers to respond to these complex issues. In order to take a holistic approach to address ESG factors, successful companies have considered all three factors as part of their ESG strategy.
ESG Opportunities and Challenges for 2022
With focus on ESG and sustainability continuing to grow at an exponential rate, there is the expectation of continued development of more consistent disclosure frameworks. There will also likely be a progression in terms of regulatory requirements for ESG reporting standards for companies and asset managers in key jurisdictions.
Looking ahead, we expect a further acceleration and deepening of the sustainable finance market and issuance levels. Companies are continuing to advance the articulation of their ESG strategy and set sustainability goals and commitments, supporting their ability to access this rapidly innovating market. Importantly, our clients are often receiving positive reinforcement on their progress on ESG issues from their stakeholders – including their employees, boards, management teams, alongside their investors.
While climate change will likely continue to be an area of focus, there could be more attention paid to areas such as biodiversity, nature based solutions, the circular economy, and diversity, equity and inclusion.
