Royal Bank of Canada (2025)
| Signing Date | 21 Jul 2003 |
| Region of Headquarters: | North America |
| Current EPFI Reporting Year/Period: | 2025 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 42
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | 2 | |
| Oil & Gas | 4 | ||
| Power | 29 | ||
| Others | 1 | 5 | |
| Region | |||
| Americas | 4 | 31 | 7 |
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 4 | 31 | 7 |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 4 | 31 | 6 |
| No | 1 | ||
| Totals | 4 | 31 | 7 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | High Plains Carbon Financing | Others | United States | 2025 |
| 2 | Rio Grande LNG Train 4 | Oil & Gas | United States | 2025 |
| 3 | Rio Grande LNG Train 5 | Oil & Gas | United States | 2025 |
| 4 | Stonepeak Wallaby | Oil & Gas | United States | 2025 |
| 5 | Venture Global Calcasieu Pass 2 FID Financing | Oil & Gas | United States | 2025 |
| 6 | Sonata South | Others | United States | 2025 |
| 7 | Sonata West | Others | United States | 2025 |
| 8 | Big Creek Solar | Power | United States | 2025 |
| 9 | Stack - Project Miner | Others | United States | 2025 |
| 10 | Show Me State Solar, LLC | Power | United States | 2025 |
| 11 | Alectra Convergent JV | Power | Canada | 2025 |
| 12 | Elora BESS | Power | Canada | 2025 |
| 13 | Cordelio BrightNight -Greenwater | Power | United States | 2025 |
| 14 | Cordelio BrightNight - Pioneer | Power | United States | 2025 |
| 15 | Hedley BESS | Power | Canada | 2025 |
| 16 | Mersey River Wind | Power | Canada | 2025 |
| 17 | Vantage OH1 | Others | United States | 2025 |
| 18 | Advance Tunnel for the Yonge North Subway Extension | Infrastructure | Canada | 2025 |
| 19 | Turning Sun Solar Project | Power | Canada | 2025 |
| 20 | Wedgeport Wind Project | Power | Canada | 2025 |
| 21 | Buffalo Rail Transloading Facility | Infrastructure | Canada | 2025 |
| 22 | Trillium Health Partners M-Site Redevelopment Project | Infrastructure | Canada | 2025 |
| 23 | MECP1 Reno 1, LLC | Others | United States | 2025 |
| 24 | Dolet Hills | Power | United States | 2025 |
| 25 | EdSan 1C | Power | United States | 2025 |
| 26 | EdSan 2 | Power | United States | 2025 |
| 27 | Blackford Wind | Power | United States | 2025 |
| 28 | TwelveMile Solar 1-2 | Power | United States | 2025 |
| 29 | Blackford Solar | Power | United States | 2025 |
| 30 | Mayes Solar | Power | United States | 2025 |
| 31 | Project Easley | Power | United States | 2025 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 11
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 2
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | ||
| Oil & Gas | |||
| Power | 1 | ||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 2 | ||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 2 | ||
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 2 | ||
| No | |||
| Totals | 2 | ||
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Oranje Wind | Power | Netherlands | 2025 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1
Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.
EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Implementation of the Equator Principles
RBC´s EP implementation reporting is provided in their Sustainability Report available at: Sustainability Report 2025