RBC Cuts Senior ESG Roles in Reorganization
Royal Bank of Canada eliminated senior climate and ESG positions during a recent reorganization. The lender integrated its climate team into a new public policy group while shifting sustainability reporting to finance.
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Royal Bank of Canada eliminated at least three senior climate and ESG positions during an internal reorganization, according to three people familiar with the lender's decisions. The restructuring aligns with a broader retreat from sustainability-focused operations across North American financial institutions amid shifting political landscapes in Canada and the United States . The downsizing affects specialized oversight teams as lenders recalibrate risk strategies and public policy priorities.
