Royal Bank of Canada

Canada

$787B in AUM

$1.41T in Total Assets

Qualitative Analysis

FinanceMap scores this financial institution in the following areas. Please navigate to the relevant tab for in-depth analysis

FinanceMap Scores

Governance Score

Stewardship Score

Policy Engagement Score

Top Line Target

Net Zero

Portfolio Analysis

FinanceMap assesses these portfolios for this financial institution. Please navigate to the relevant tab for in-depth analysis.

Activity Stream
Value Assessed
Portfolio Paris Alignment Score
Exposure to Fossil Fuels
Corporate Lending
$196B
-26%
12.1%
Bond Underwriting
$121B
-33%
13.0%
Equity Underwriting
$27.6B
-15%
2.2%
Equity Asset Management
$4.4B
-12%
1.6%

Governance

D+
Performance Band

53%
Organisation Score

Detailed Evidence Used to Assess Royal Bank of Canada

The following table outlines the key queries and data sources, which FinanceMap uses to assess financial institutions climate governance, targets and policies. Every evidence piece is assessed on a five-point scale of -2,-1,0,1,2 or NA (not applicable)/NS (not scored). All queries, data sources, and evidence pieces are weighted against one another in a matrix system to arrive at a final top-level score. Clicking on specific cells will load the underlying evidence and information on how it has been assessed.

Portfolio Paris Alignment

Portfolio Paris Alignment analysis of this institution's activities in this portfolio area in 2020–2021.

Corporate Lending Paris Alignment

Value Assessed: $196B

Portfolio Paris Alignment by Sector

Sector Paris Alignment scores for the sectors to which this portfolio has exposure. FinanceMap Paris Alignment analysis is limited to the automotive, upstream fossil fuel, and power sectors.

Sector
% of Portfolio Value
Sector Paris Alignment

Portfolio Forecast Production in Sector

Portfolio Forecast Production in Sector

Portfolio Forecast Production in Sector

Portfolio Forecast Production in Sector

Portfolio Paris Alignment

Portfolio Paris Alignment analysis of this institution's activities in this portfolio area in 2020–2021.

Bond Underwriting Paris Alignment

Value Assessed: $121B

Portfolio Paris Alignment by Sector

Sector Paris Alignment scores for the sectors to which this portfolio has exposure. FinanceMap Paris Alignment analysis is limited to the automotive, upstream fossil fuel, and power sectors.

Sector
% of Portfolio Value
Sector Paris Alignment

Portfolio Forecast Production in Sector

Portfolio Forecast Production in Sector

Portfolio Forecast Production in Sector

Portfolio Forecast Production in Sector

Portfolio Paris Alignment

Portfolio Paris Alignment analysis of this institution's activities in this portfolio area in 2020–2021.

Equity Underwriting Paris Alignment

Value Assessed: $27.6B

Portfolio Paris Alignment by Sector

Sector Paris Alignment scores for the sectors to which this portfolio has exposure. FinanceMap Paris Alignment analysis is limited to the automotive, upstream fossil fuel, and power sectors.

Sector
% of Portfolio Value
Sector Paris Alignment

Exposure Analysis

Last Updated - 28/02/2023

Fossil fuel production companies are defined as those with primary sector of operations in the up-, mid-, and/or downstream segments of fossil fuel production. Green companies are defined as companies having over 75% revenue deriving from Substantial Contribution to Mitigation activities under the EU Taxonomy.

Portfolio Paris Alignment

Equity Portfolio Paris Alignment

Portion of AUM Assessed: $4.4B

Portfolio Paris Alignment by Sector

Sector Paris Alignment scores for the sectors in which the asset manager has shareholdings. FinanceMap Paris Alignment analysis is limited to the automotive, upstream fossil fuel, and power sectors.
Sector
% of Portfolio Value
Sector Paris Alignment

Portfolio Forecast Production in Sector

Holding NameContribution to Sector Production
Orsted A/S21.4%
Brazilian Electric Power Co21.3%
Capital Power Corp19.2%
Algonquin Power & Utilities Corp7.4%
RWE AG5.5%
Engie SA3.8%
Consolidated Edison Inc3.5%
Energy of Minas Gerais Co2.6%
EDP Energias de Portugal SA2.2%
TransAlta Renewables Inc2.1%

Portfolio Forecast Production in Sector

Holding NameContribution to Sector Production
Mahindra and Mahindra Ltd70.0%
Stellantis NV7.8%
Hyundai Motor Co4.7%
Mazda Motor Corp4.5%
Ford Motor Co2.7%
Dongfeng Motor Group Co Ltd2.3%
Bayerische Motoren Werke AG1.9%
Subaru Corp1.6%
Mercedes Benz Group AG1.3%
Honda Motor Co Ltd1.0%

Portfolio Forecast Production in Sector

Holding NameContribution to Sector Production
CONSOL Energy Inc51.8%
Warrior Met Coal Inc23.7%
China Shenhua Energy Co Ltd9.1%
Exxaro Resources Ltd6.2%
Adaro Energy Indonesia TBK PT5.4%
Coal India Ltd2.3%
Inner Mongolia Yitai Coal Co Ltd0.9%
United Tractors Tbk PT0.6%

Portfolio Forecast Production in Sector

Holding NameContribution to Sector Production
Equinor ASA25.3%
PDC Energy Inc10.7%
EOG Resources Inc7.1%
Canadian Natural Resources Ltd7.1%
Magnolia Oil & Gas Corp6.8%
National Fuel Gas Co4.4%
Suncor Energy Inc3.9%
ARC Resources Ltd3.3%
Peyto Exploration & Development Corp3.0%
Conocophillips3.0%

Funds Assessed

All equity funds that FinanceMap has identified as being managed by this asset manager. Click through to a fund's profile page to view in-depth analysis.
Fund Name
Fund Domicile
TNA
Exposure
Portfolio Paris Alignment
Canada
$14.6B
N/A
N/A
Canada
$6.14B
N/A
N/A
Canada
$4.82B
N/A
N/A
Canada
$4.42B
N/A
N/A
Canada
$4.32B
N/A
N/A
Canada
$3.04B
N/A
N/A
Canada
$2.24B
N/A
N/A
Canada
$2.1B
N/A
N/A
United States
$2.09B
3.8%
-23%
Canada
$1.72B
N/A
N/A
Canada
$1.6B
N/A
N/A
Canada
$1.43B
N/A
N/A
Canada
$1.37B
N/A
N/A
Canada
$1.04B
N/A
N/A
Canada
$1.01B
N/A
N/A
Canada
$984M
N/A
N/A
Canada
$864M
N/A
N/A
Canada
$646M
N/A
N/A
Canada
$594M
N/A
N/A
Canada
$578M
N/A
N/A
United States
$445M
5.5%
0%
Canada
$358M
N/A
N/A
Canada
$205M
N/A
N/A
United States
$134M
8.6%
7%
Canada
$133M
N/A
N/A
United States
$113M
<1%
N/A
Canada
$112M
N/A
N/A
Canada
$99.8M
N/A
N/A
United States
$90.9M
1.6%
N/A
Canada
$83.7M
N/A
N/A
Canada
$68.0M
N/A
N/A
United States
$64.4M
2.7%
N/A
United States
$63.2M
4.5%
19%
Canada
$58.4M
N/A
N/A
United States
$43.5M
5.8%
19%
United States
$33.3M
3.3%
19%
Canada
$21.5M
0%
N/A
United States
$20.4M
5.1%
-8%

Stewardship

C
Performance Band

28%
Voting Percentage

Detailed Evidence Used to Assess Royal Bank of Canada

The following table outlines the key queries and data sources, which FinanceMap uses to assess asset managers' corporate engagement programs. Every evidence piece is assessed on a five-point scale of -2,-1,0,1,2 or NA (not applicable)/NS (not scored). All queries, data sources, and evidence pieces are weighted against one another in a matrix system to arrive at a final top-level score. Clicking on specific cells will load the underlying evidence and information on how it has been assessed.

Policy Engagement

D+
Performance Band

57%
Organisation Score

51%
Relationship Score

Detailed Evidence Used to Assess Royal Bank of Canada

The following table outlines the key queries and data sources, which FinanceMap uses to assess financial institutions’ sustainable finance policy engagement. Every evidence piece is assessed on a five-point scale of -2,-1,0,1,2 or NA (not applicable)/NS (not scored). All queries, data sources, and evidence pieces are weighted against one another in a matrix system to arrive at a final top-level score. Clicking on specific cells will load the underlying evidence and information on how it has been assessed.

Detailed Evidence Used to Assess Royal Bank of Canada - Relationships

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party.

In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.

Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
41%
 
41%
 
57%
 
57%
 
58%
 
58%
 
54%
 
54%
 
62%
 
62%
 
43%
 
43%
 
34%
 
34%
 
60%
 
60%
 
52%
 
52%
 
47%
 
47%
 
51%
 
51%