Royal Bank of Canada (RBC), an IBOS Association member, recently announced that they are expanding its suite of sustainable finance products aimed at supporting corporate clients, in line with supporting business’ climate objectives.
Officially launched on 15 November 2022, the RBC-EDC Sustainable Financing solution will be linked with the Bank’s existing Sustainability-Linked Loans and Green Loans products to offer a range of options to address the needs of Corporate Client Group clients.
Through RBC’s collaboration with Export Development Canada (EDC), the Bank will provide up to US$1 billion in financing over the next three years to support Canadian businesses in their transition towards greener business operations.
In addition to the RBC-EDC Sustainable Financing Guarantee, the Bank also offers the following sustainable finance products:
- Sustainability-Linked Loans
- Green Loans
- RBC Sustainable Finance Framework
Read the full statement on the RBC website here.