RBC an­nounces $1m do­na­tion to MARS Cen­tre

The Pak Banker - - Front Page -

TORONTO

RBC to­day an­nounced a his­toric, $1 mil­lion, five-year com­mit­ment to sup­port the MaRS Cen­tre for Im­pact In­vest­ing. With this do­na­tion, RBC be­comes a found­ing part­ner of the Cen­tre, launched in late 2011 to in­crease aware­ness of so­cial fi­nance and di­rect new cap­i­tal and tal­ent to tackle so­cial and en­vi­ron­men­tal prob­lems in Canada.

RBC’s do­na­tion will help the Cen­tre be­come the lead­er­ship hub on im­pact in in­vest­ing for Canada. With the do­na­tion, RBC will fund ed­u­ca­tional and ad­vi­sory pro­grams for in­vestors, fi­nan­cial ad­vi­sors, so­cial en­ter­prises, as well as the de­vel­op­ment of mod­els, tools, prod­ucts, re­search and ser­vices to cre­ate and mea­sure pos­i­tive so­cial and en­vi­ron­men­tal im­pact.

“RBC is proud to be a found­ing part­ner of the MaRS Cen­tre for Im­pact In­vest­ing, and we are con­fi­dent that with this do­na­tion, the Cen­tre will strengthen our col­lec­tive abil­ity to mo­bi­lize pri­vate cap­i­tal to­ward the pub­lic good,” said Gor­don M. Nixon, pres­i­dent and CEO, RBC. “The Cen­tre will be­come the ‘go-to’ re­source for so­cial fi­nance in Canada, cre­at­ing a col­lab­o­ra­tive plat­form for pri­vate, community and gov­ern­ment sec­tors to de­velop prod­ucts, ser­vices, tal­ent and pub­lic pol­icy.”

“MaRS is proud to rec­og­nize RBC as a found­ing mem­ber of the Cen­tre for Im­pact In­vest­ing,” said Ilse Treur­nicht, CEO, MaRS,. “Their sup­port, and Gord Nixon’s lead­er­ship, speaks to the mo­men­tum that is build­ing around the im­pact in­vest­ing agenda. The tal­ent and ca­pa­bil­i­ties that RBC brings to the ta­ble will strengthen the Cen­tre’s ca­pac­ity to build a ro­bust in­vest­ment hub.”

To­day’s do­na­tion com­ple­ments the RBC so­cial fi­nance ini­tia­tive, a $20 mil­lion com­mit­ment to help ig­nite so­cial and en­vi­ron­men­tal change through in­vest­ment ac­tiv­ity. This com­mit­ment in­cludes the $10 mil­lion RBC Gen­er­a­tor, a pool of RBC cap­i­tal de­signed to fi­nance en­ter­prises ad­dress­ing so­cial and en­vi­ron­men­tal chal­lenges and a $10 mil­lion in­vest­ment of RBC Foun­da­tion as­sets into so­cially re­spon­si­ble in­vest­ment funds.

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