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"Risks of Modern Slavery in our Operations and Supply Chain

According to the 2018 Global Slavery Index, the risk of modern slavery for financial sector employees in the countries in which we operate is low. We recognize that we may be indirectly linked to the risk of modern slavery as a result of our business activities. In accordance with the United Nations Environment Programme Finance Initiative Human Rights Guidance Tool, we are aware that certain sectors of our portfolios may pose a higher risk of modern slavery, including clothing and textiles, manufacturing, agriculture and mining and metals.

Additionally, certain jurisdictions may be at higher risk for modern slavery practices. RBC manages this risk through a variety of policies, processes and practices, which are outlined in this Statement. For example, we will not knowingly serve clients whose source of wealth or revenue is derived from illegal activity, including modern slavery and human trafficking practices. We also have policies to prevent us from doing business with clients whose businesses operate in the illegal gambling or adult entertainment sectors, which are at higher risk for modern slavery.

We have made it a priority to establish a responsible and fair sourcing process while managing our supply chain effectively. We assess, identify and monitor areas within our supply chain where there may be a risk of slavery and human trafficking. These include hotels, supplier staff in off-shore locations, cleaning and security staff and providers of office supplies and promotional products."