Company Directory - RBC Global Asset Management Inc.
Company Details - RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
WebsiteToronto, Canada
RBC Global Asset Management Inc. is the asset management division of the Royal Bank of Canada, providing comprehensive global investment management services, including mutual funds, institutional investment management, and wealth management expertise.
CCI Score
CCI Score: RBC Global Asset Management Inc.
38.72
-0.16%
Latest Event
RBC GAM Advances Modern Slavery Risk Mitigation Efforts
RBC Global Asset Management (RBC GAM) reaffirms its commitment to human rights by publishing an annual Modern Slavery Act Statement since 2016 and integrating ESG factors into its investment process. The firm adheres to RBC’s broader approach to human rights and supply chain transparency, addressing modern slavery and labor rights risks while supporting shareholder proposals that demand enhanced disclosure on these issues.
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DISSENTER
RBC Global Asset Management Inc. is currently rated as a Dissenter.
Latest Events
- JUL102024
RBC Global Asset Management (RBC GAM) reaffirms its commitment to human rights by publishing an annual Modern Slavery Act Statement since 2016 and integrating ESG factors into its investment process. The firm adheres to RBC’s broader approach to human rights and supply chain transparency, addressing modern slavery and labor rights risks while supporting shareholder proposals that demand enhanced disclosure on these issues.
+70
Labor Relations and Human Rights Practices
May 14
RBC GAM’s longstanding practice of issuing a Modern Slavery Act Statement and its active incorporation of human rights considerations into investment decisions demonstrate robust labor relations and human rights practices. These measures help mitigate risks associated with modern slavery and exploitation in supply chains, reflecting a positive, progressive stance.
Investor perspectives on modern slavery and supply chain risks
+70
Supply Chain Ethics
May 14
RBC GAM’s active engagement with ESG factors and its emphasis on due diligence in supply chain management—as well as clear policies to prevent modern slavery—underscore a high standard in supply chain ethics. Such practices support transparency and accountability in sourcing decisions, countering exploitation risks.
Investor perspectives on modern slavery and supply chain risks
- FEB052024
RBC Global Asset Management Inc., as part of the Royal Bank of Canada, released its 2023 Modern Slavery Statement. The document details comprehensive policies and practices to prevent modern slavery, including robust supplier due diligence, a strict Supplier Code of Conduct, survivor inclusion initiatives, and enhanced training and reporting systems. The policies emphasize ethical labor standards, human rights, and active monitoring across global supply chains.
+80
Labor Relations and Human Rights Practices
May 14
The statement clearly outlines RBC's commitment to protecting worker rights and ensuring fair labor practices by explicitly prohibiting modern slavery, forced and child labor. The establishment of training programs, a secure reporting hotline, and survivor inclusion initiatives demonstrate robust measures to safeguard human rights, meriting a strong positive score.
+80
Supply Chain Ethics
May 14
RBC’s detailed approach to supply chain management includes fair sourcing processes, rigorous supplier risk assessments, and adherence to a Supplier Code of Conduct that prohibits forced, child, or compulsory labor. These measures help mitigate risks of modern slavery in its extensive global supply chain, reflecting a proactive and ethical business practice.
- DEC152023
RBC Global Asset Management Inc. released its 2023 Public Transparency Report detailing its comprehensive approach to responsible investment. The report outlines robust ESG integration, active stewardship, extensive disclosure practices, and internal/external assurance processes that demonstrate a strong commitment to ethical business practices and transparent political engagement.
+60
Public and Political Behavior
May 14
The report highlights RBC GAM's proactive and transparent engagement with policy makers, and its adherence to best practices in responsible investment. This clear public disclosure and adherence to ESG principles supports democratic accountability and marks a positive public political behavior.
PDF RBC Global Asset Management 2023 PUBLIC TRANSPARENCY REPORT
+70
Business Practices and Ethical Responsibility
May 14
RBC GAM’s report demonstrates strong business practices and ethical responsibility through its detailed ESG framework, internal and external assurance processes, and the transparency in reporting. Such robust internal controls and accountability mechanisms reduce potential complicity in undemocratic practices.
PDF RBC Global Asset Management 2023 PUBLIC TRANSPARENCY REPORT
- AUG012023
RBC Global Asset Management Inc. published a comprehensive PDF statement detailing its policies on lobbying and political contributions. The document outlines their transparency measures, adherence to legal requirements in both Canada and the U.S., and emphasizes that corporate funds are not used for political donations, with lobbying activities conducted in accordance with established guidelines.
+15
Political Contributions and Lobbying Efforts
May 14
The statement demonstrates a commitment to transparency and legal compliance in RBC's political activities, including clear disclosures of lobbying expenditures and strict protocols on political contributions. From an anti-fascist perspective, while corporate lobbying can raise concerns about undue influence, the company's emphasis on transparency and adherence to regulatory standards is a positive step compared to opaque corporate political practices.
- JUL012023
RBC Global Asset Management Inc., part of Canada's five major banks, has joined the StopHateForProfit campaign by pausing its advertising on Facebook for the month of July. This move is aimed at combating hate speech, misinformation, and systemic racism on the social media platform.
+70
Public and Political Behavior
May 14
By joining the boycott, RBC is taking a public stance against platforms that allow hate speech and misinformation, aligning itself with anti-fascist and progressive values. This public and political behavior supports efforts to counter systemic racism and extremism.
Canada's 5 big banks join anti-hate advertising boycott of Facebook
+65
Business Practices and Ethical Responsibility
May 14
RBC's decision reflects a commitment to ethical business practices by taking a stand against platforms that may enable hate and systemic racism. This move underscores the bank’s emphasis on social responsibility and ethical decision-making in its business practices.
Canada's 5 big banks join anti-hate advertising boycott of Facebook
- FEB042021
The Supreme Court of British Columbia certified a proposed class action lawsuit against RBC Global Asset Management Inc., where plaintiffs allege that the firm overcharged investors by offering active management fees for a fund largely tracking a benchmark index.
-40
Business Practices and Ethical Responsibility
May 14
The certification of a class action lawsuit highlights concerns over unethical business practices, as plaintiffs claim RBC GAM unjustly charged high active management fees for a fund that essentially provided passive, index-like returns. This raises serious issues regarding transparency and accountability in business practices.
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