08:30:57 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,414,684,980
Close 2024-04-11 C$ 137.25
Market Cap C$ 194,165,513,505
Recent Sedar Documents

Globe says RBC's McKay pleads for time on climate issue

2024-04-12 07:52 ET - In the News

The Globe and Mail reports in its Friday edition that Royal Bank of Canada chief executive officer Dave McKay says the lender is continuing to assess its climate-change impact, responding to a parade of questions on Thursday from shareholders on the environment and indigenous rights. The Globe's Stefanie Marotta writes that Mr. McKay fielded questions at RBC's annual meeting in Toronto after a week during which the lender closed its HSBC Canada takeover and ousted its chief financial officer. Shareholders at the meeting faced tightened restrictions, including a one-minute limit on questions. Mr. McKay said the bank needs to continue to develop its climate-change strategy, but that it has also made improvements in its disclosure of environmental matters and is working with clients to adopt sustainability initiatives. "We need to continue to evolve," Mr. McKay said. Some shareholders expressed concerns with the new format of RBC's annual meeting, and asked how the bank could provide participants with a more effective opportunity to express their concerns. Questions from shareholders and proxy holders were limited in length, and some were cut off if the comments did not seem to be relevant to the matter being discussed.

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