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RBC unveils retail branch retrofit plan to help reduce carbon emissions
RBC unveils retail branch retrofit plan to help reduce carbon emissions Canada NewsWire...
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[{"type":"text","content":"\n \n \n \n RBC unveils retail branch retrofit plan to help reduce carbon emissions\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n RBC plans to reduce its own GHG emissions through the electrification of the branch network it controls in\n \n Canada\n \n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 18, 2024\n \n \n /CNW/ - While you may not see it, your local RBC bank branch is working towards being powered differently in the coming years. A multi-million-dollar plan to retrofit RBC's Canadian 1,200 branch network aims to cut 10,000 tonnes of onsite carbon emissions from its operational footprint.\n \n \n \n \n \n \n \n \n \n The bank will embark on a major initiative that will accelerate the retrofit of its extensive branch network in\n \n Canada\n \n , investing $35 million over three years in the first phase through the installation of energy efficient, low-carbon heating and cooling systems such as heat pumps, which will replace aging heating, ventilation and air conditioning (HVAC) equipment. RBC will first begin to convert the 62 per cent of branches where it is responsible for HVAC, aiming to accelerate this work to be completed by 2035. The bank will continue to work on electrification with landlord partners in the remaining locations. The bulk of the retrofit program is planned to begin in Spring 2025.\n \n \n Approximately 40 per cent of the bank's operational carbon emissions stem from its retail locations across\n \n Canada\n \n . By updating this essential equipment, RBC estimates total branch emissions can be reduced by 70 per cent.\n \n 1\n \n \n \n This initiative will help accelerate the operational goals outlined in the bank's\n \n Climate Report 2023\n \n by reducing RBC's ow...