Fossil Free Investments at RBC

As the largest financer of fossil fuels in Canada, RBC has a lot of work to do in keeping global temperatures below 1.5 degrees. For a variety of reasons, switching banks may not be an accessible option. RBC offers a number exchange traded funds that exclude fossil fuels. Note that the "fossil fuel free" options available in-branch only appear to exclude companies with fossil fuel reserves. This is solely a directory and not financial advice.

In Branch

RBC has five "Vision Fossil Fuel Free" mutual funds. In contradiction with the fund exclusion criteria, all of these funds have holdings in fossil-powered utilities that also operate in pipeline and export projects (such as Fortis). Due to this finding, we no longer list the funds.

Online

These iShares ETFs, offered by BlackRock + RBC, are only available through direct investing platforms, such as RBC Direct Investing, and fee-based investment advisors. RBC InvestEase does not have a fossil-free offering. The TSX ticker symbol for each exchange traded fund is listed in brackets.

Pre-Built Portfolios

• iShares ESG Conservative Balanced ETF Portfolio (GCNS)
• iShares ESG Balanced ETF Portfolio (GBAL)
• iShares ESG Growth ETF Portfolio (GGRO)
• iShares ESG Equity ETF Portfolio (GEQT)

Country Specific Equity

• iShares ESG Advanced MSCI Canada Index ETF (XCSR)
• iShares ESG Advanced MSCI USA Index ETF (XUSR)
• iShares ESG Advanced MSCI EAFE Index ETF (XDSR)

Canadian Corporate Bonds

• iShares ESG Advanced Canadian Corporate Bond Index ETF* (XCBG)
• iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF* (XSHG)

*These funds have placed significant assets towards some of the largest fossil-financing banks.

Last Updated: July 31, 2022