Managed by RBC GAM’s Global Equity team, the RBC Vision Fossil Fuel Free Global Equity strategy is designed for investors that are concerned about climate change and policy response, business models that may be considered unsustainable, allocating capital to extractive industries, and the potential financial risks of stranded assets. Available to investors in Canada, the strategy invests primarily in equity securities of companies that operate in different countries around the world while avoiding companies that are directly involved in extracting, processing or transporting coal, oil or natural gas or those included in ‘The Carbon Underground 200’ – a list of the “top global 200 publicly-owned coal, oil, and gas reserve owners ranked by the carbon emissions embedded in their reserves.”
A similar fossil fuel free global equity strategy is also available in the U.S. on a segregated basis and to European investors with additional SRI-based exclusionary screens. Lastly, we manage climate-related strategies on a segregated basis for clients in Canada.
Although a formal target may not be in place, we do expect some strategies to be less carbon-intensive than the benchmark. The RBC Impact Bond strategy, available to U.S. investors, incorporates climate-related targets.
At the sector and issuer level, BlueBay has adopted qualitative metrics to evaluate companies where climate is considered a material risk (these are contained in its sector ESG briefing documents).
 Fossil Free Indexes™. The Carbon Underground 200™. http://fossilfreeindexes.com/research/the-carbon-underground/.