RBC is contributing $50 million over 10 years to charitable groups working on water-related initiatives, prompted by the banking group’s view that water will be the defining environmental issue of this century.
“Our stakeholders frankly are asking for more” in terms of the corporation’s commitment to the environment, RBC spokesman Nelson Switzer said in an interview. “We thought, ‘How can we best communicate that?’ . . . and we thought by coming up with an environmental issue . . . that everybody could understand (and) would really resonate . . ..”
Although Canada is a water-rich nation, the country ranks…
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