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RBC Global Asset Management

PRI reporting framework 2017

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

New selection options have been added to this indicator. Please review your prefilled responses carefully.

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Member of the PRI Cyber Security Committee

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The Head of RBC GAM's CGRI team is one of the designated correspondents for Canada.

          Responsible Investment Association (RIA), Canada's leading responsible investment association.
RBC GAM (U.S.) is a member of US SIF.
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

RBC GAM is a Sustaining Member of the RIA, the highest level of membership.  A member of RBC GAM's CGRI team is Chair of the Board of Directors of the RIA.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

RBC GAM sponsors and participates in SHARE organised events.  A member of the CGRI team sits on the proxy voting advisory panel.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

BlueBay is involved with UNEP FI.

          Canadian Coalition for Good Governance (CCGG)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

RBC GAM's Chief Investment Officer is the former Chair of the board of CCGG, and is the current Vice-chair of the board. The Head of the CGRI team is a member of the Public Policy Committee.

          RBC GAM (U.S.) is a member of US SIF (the Forum for Sustainable and Responsible Investment).
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          Investor Stewardship Group
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

RBC GAM is a founding member of the Investor Stewardship Group, which recently published the Framework for U.S. Stewardship & Governance.


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate which of the following actions your organisation has taken to promote responsible investment, independently of collaborative initiatives.

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

RBC GAM provides ongoing educational seminars to institutional and retail clients which have included an ESG and responsible investment components. RBC GAM has also provided financial support for research on responsible investment (for example, RBC GAM sponsored the bi-annual Canadian Responsible Investment Association Survey (2014)). Members of RBC GAM's CGRI team have participated in numerous speaking engagements, including at conferences and university-level business schools. In addition to the publically available semi-annual CGRI reports, the CGRI team also publishes quarterly papers on various ESG issues for clients. Finally, RBC GAM regularly participates in collaborative efforts to encourage regulators to enact regulatory reforms in favour of corporate transparency and disclosure.

In addition, RBC GAM's Chief Investment Officer is the immediate past Chair and current Vice-Chair of the Canadian Coalition for Good Governance, the head of the CGRI team is a member of the CCGG's Public Policy Committee and one of the designated correspondent for Canada for the International Corporate Governance Network (ICGN) and a member of the CGRI team is the Chair of the Board of Directors of the Responsible Investment Association of Canada.


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Through the Canadian Coalition for Good Governance (CCGG) the following submissions were made:

  • Submission to Ministry of Government and Consumer Services re: Ontario Business Law Advisory Council Report.
  • Submission to the Alberta Securities Commission Re: Request for Comments on proposed amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices and Form 58- 101Fl Corporate Governance Disclosure regarding gender diversity and term limits.
  • Letter to the U.S. Senate Committee on Banking, Housing and Urban Affairs in support of the Council of Institutional Investors’ letter against the proposed regulation of proxy advisors.
  • Submission to the TSX re: Comment letter on proposed TSX amendments re disclosure of security based compensation arrangements.
  • Submission to OSC re: Draft 2016-2017 Statement of Priorities.

Through Responsible Investment Association of Canada (RIA) the following submissions were made:

  • RIA Submission to Finance Canada regarding the Federal Financial Sector Framework [November 15, 2016].
  • RIA Submission to Alberta Securities Commission regarding Proposed Amendments to NI 58-101 Disclosure of Corporate Governance Practices and Form 58-101F1 Corporate Governance Disclosure [October 14, 2016].
  • RIA submission to the Canadian Securities Administrators regarding CSA Consultation Paper 33-404: Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives toward their Clients [September 26, 2016].
  • Letter to CFA Society Toronto Chapter re:  ESG content in the CFA Program and Continuous Education Program [May 25, 2016].
  • RIA Submission to Ontario Securities Commission: OSC Statement of Priorities 2016-17 [May 5, 2016].
  • Pembina Institute: BC Climate Leadership Plan consultation [March 29, 2016].

Through the Counsel of Institutional Investors (CII) the following submissions were made:

  • Letter to the Tokyo Stock Exchange regarding a consultation on corporate reporting and disclosure put forward by the Financial Council Disclosure Working Group.
  • Letter to the U.S. Senate Banking Committee strongly opposing legislation in the House of Representatives that would tighten regulation of proxy advisory firms to the detriment of institutional investors.

Through the Investment Funds Institute of Canada (IFIC) the following submissions were made:

  • Comments on the January 2016 Consultation Draft of the Capital Markets Stability Act.

RBC GAM made the following submissions directly to regulators:

  • Comment letter to the Ontario Securities Commission (OSC) re notice 11-744 Draft Statement of Priorities.

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