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RBC Global Asset Management

PRI reporting framework 2017

Export Public Responses

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (B) Implementation: Thematic

(B) Implementation: Thematic

FI 11. Thematic investing - overview

11.1. Indicate the type of sustainability thematic funds or mandates that your organisation manages.

11.5. Additional information [OPTIONAL]

We provide impact investing through our Access Capital Community Investment strategy, an investment solution offered through our U.S. operations to U.S. clients. Access Capital aids underserved communities while seeking to earn a market rate of return through the support of low and moderate income home buyers, affordable rental housing units, small business administration loans and economic development projects.

FI 12. Thematic investing - themed bond processes

12.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles:

          Signatory to the Statement of Investor Expectations for Green Bonds.

12.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

Although our exposure to green bonds is limited to investments made by BlueBay, we are a signatory to the Statement of Investor Expectations for Green Bonds.

12.3. Additional information. [Optional]

FI 13. Thematic investing - assessing impact

13.1. Indicate how you assess the environmental or social impact of your thematic investments

          Every investment must meet specific social impact criteria (detailed below)

13.2. Additional information. [Optional]

The following social impact criteria are required to be met for each investment (as applicable):

  • the investment must serve a low to moderate income family or community;
  • home owners who earn 80% or less of the area-median income or multi-family rental housing that is 51% or more subsidized;
  • nursing homes that serve a high percentage of medicare patients;
  • small business loans in low to moderate income census tracks; or
  • taxable municipal bonds that serve low to moderate income communities or populations.