2020 | Royal Bank of Canada | Engagement on MS with investee companies (sector specific)
Does the investor disclose in its modern slavery statement active engagement with investee companies on their (investee companies’) modern slavery/ labour exploitation/ human trafficking risks in value chains and business relationships?
No
updated over 2 years ago by Malene Hand

Pg 6

"Global Asset Management RBC Global Asset Management (RBC GAM) provides asset management products and services in Canada, the U.S., the U.K., Europe and Asia and is part of the Bank’s Wealth Management business segment. At RBC GAM, we believe that being an active, engaged and responsible owner empowers us to enhance the long-term, sustainable performance of our portfolios. We recognize that the rights we have as a large, global investor come with the obligation to actively use those rights in a responsible way. We believe that the proper disclosure and consideration of ESG risks and opportunities by the companies or countries in which we invest is critical to strengthening the overall performance of our portfolios. It is for this reason that we integrate all relevant ESG factors into our investment processes. Social factors include, but are not limited to, human rights, employee relations and working conditions, discrimination, child labour, forced or compulsory labour and health and safety. Our commitment is described in our approach to responsible investment. RBC GAM is also a signatory to the United Nations Principles for Responsible Investment, an investor-led initiative that seeks to advance the integration of ESG in investment decisions. For more information, visit the RBC GAM Responsible Investment website."

Katharine Bryant.....2021-12-29 19:03:12 UTC