RBS - Tripple Bottom Line

7/30/2019 RBS - Tripple Bottom Line

1/6

Cit

izC U S T O M EeRS , C O L L E

An G U E S , C O M MsU N I T YTOD AY

Corporate

Sustai

nabili

tyInvestinginthe triplebottom line pg.6


2/6

JANUARY 201


3/6

Cover Story

Corporate Sustainabilityinvest

ing

inthe

tr

ip

lebottom

line

The economic case for going green is com-

pelling and capturing the attention of cor-

porate executives and customers around the

world RBS and Citizens Financial Group

included.

RBS is a world leader in the sustain-

ability movement, having received a score

of 76 percent in the 2009Dow Jones

SustainabilityIndex. RBS is also a member

of the Dow Jones Sustainability World

Index. This means the Group is in the top10 percent of the worlds 2,500 largest

companies when measuredby

corporate sustainability performance.

Corporate Sustainability is an evolving

corporate-management model that creates

long-term valueby combining financial

return, orcommitments to shareholders, with

social and environmental responsibilities.

Itsthese three ingredientseconomy,

society and environment that make up

what is now considered a triple bottom

line.

The concept of a triple bottom lineproposes that economic goals are insepara-

ble from the societies and environments

within which abusiness operates and that

failure to account for all three would

make its business practices unsustainable.

While many companies are increasing

their CS commitments, the level of com-

mitment varies by company and

industry.

Sustainablework habitsEvery colleague can adopt sustainab le workhabitsthat support CFGs

commitment to improving its triple bottom line and DJSI score.

Some ofthese habitsinclude:

Switchoff PC monitorswhen inmeetingsand away

fromyourdesk.

Turn offlightswhen you leave the room.

Unplugallchargers and adaptors when not inuse.

Change printer,photocopierand faxmachine settingsto powersavemode.

Use lesspaper and signup forpaperlesspay statementsand a Green$ense account

Recycle allpaper inconfidentialwastebins.

Where possible,use a mug insteadof a disposable cup.

Return unused foldersand stationeryitemsto yourstorage area forre-use.

Travelonlywhen necessary.

As the economic landscape changes

and the costs of doingbusiness continue

to increase, many companies are investing

in sustainable initiatives such as energy effi-ciency, resource conservation (paper, water,

etc.), and waste reductionbecause they

translate into direct cost savings that can

have significant impact on a companys

bottom line.

The societal measurements look at things

like ourcompanys foundation grants, our

colleaguesvolunteer hours, our CRA sup-

port, our Community Service Sabbaticals

and ourbest-in-class signature initiatives

like Gear forGrades, Champions inAction

and CarvingOutHunger. For example,

since it began in 2002, Champions in

Action has invested more than $5.5 million

in more than 190 smallernonprofitorgani- zations in our footprint.

In this newbusiness andpolitical cli-

mate, oursuccess as top-tiersuper-regional

bankwillbe measuredby shareholders and

stakeholders in both financial and non-

financial termsincluding customergrowth,

community support and carbon footprint

reduction, said John Queenan, Headof

Environment andSustainability, RBS

CitizensBusinessServices. Our recovery

back to stand-alone strength must include

that we each take responsibility to use

resources wisely whether they be fiscal

or natural.

As the consumerand investormarketschange, CS is one way companies can

attract the growing conscientious consume

and investormarket segments by increasin

shareholder value, as well as attract and

retain employees.

Considering a companysgood behavior

CSbehavior is increasingly expected and

rewarded. Companies that demonstrate th

run theirbusiness in a way that, on balanc

adds valueback to society and to the envi


4/6


5/6

C o v e r S to r y

ronment are increasingly sought after by

employees, consumers and investors. CS

performance has become a way to help

people differentiate one companys goodbehaviorfrom another. One triple bottom

line globalbenchmark to which many are

now turning is theDow JonesSustainability

Index.

What the index means

The DJSI is one of the leading indicesamong sustainability investors because it

focuses exclusively onbest-in-class compa-

nies in each of the 57 majorindustry cate-

gories through a variety ofindices. Using

both general as well as industry-specific

trends, companies are evaluated on their

performance in addressing sustainability

challenges based on a variety of criteria

including climate change strategies, energy

consumption, human resources develop-

ment, knowledge management, stakeholder

relations and corporate governance.

The DJSI is also abenchmarking toolforcompanies to measure theirprogress

against best practices in the field and as a

data source forasset managers.

Currently,

70 DJSI licenses are held by asset managers

in 16 countries to manage a variety of

financial products. In total, these licensees

manage close to $8 billion in assets based

on

the DJSI.

A closerlookat the RBS scores

RBS Group hasbeen included in the

DJSI since its launch in 1999. The results

ofCitizens Financial Groupssustainability

efforts are included in the Groups overall

score. Here are some interesting facts about

the Groups performance:

Because ofits 76 percent score in the

2009 DJSI, RBS Group was reselected

as a member of the Dow Jones

Sustain- ability WorldIndex.

This means that the Group is considered

to be among the top 10 percent of the

2,500 largest companies worldwide in

terms ofsustainability.

Of the three subcategories in this index

economic, social and environmental

the Group has tended to perform

equally across all three. This yearthe

Groups most significant results were

achieved

in the social dimension.

This yearthe criterion forinclusion inthe index rose to a total score of 70

percent, representing a continued pro-

gression in the threshold forinclusion.

Companies thatparticipate in the DJSIshow a commitment to transparency and

accountability important steps to achiev-

ing a sustainable future. The DJSIpresentsthese companies with both the opportunity

and the challenge to improve their perfor-

mance, and thus theirscore, over time. The

leaders willbe those companies that are

able to achieve the most balanced

consideration ofethical, social andenvironmental issues.

How this relates to CitizensBank

Because the DJSI carries out its assessment

across all the Groups activities, it reflects

the hard work done by all Group

employees,

says Andy Mason of RBS GroupCorporate

Sustainability.

At CFG, we are all responsible for

doing our part to improve the triple bottomline. It is in all of ourbest interests to

positively contribute to the RBS Groups

score and to

continue to improve the score year overyear.

Learn more about what Corporate

Sustainability means at RBSby visiting

ww w .rbs.co m /sustainabilit y.To answer

any specific questions about the RBS

Sustainability team and its coordination

with the DJSI contact Andy Mason at

[email protected].

For more information about the DJSI

visit ww w.sustainability-index.com

byBrad Peirce
http://www.rbs.com/sustainabilityhttp://www.rbs.com/sustainabilitymailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/http://www.sustainability-index.com/mailto:[email protected]://www.sustainability-index.com/http://www.rbs.com/sustainability


6/6

dYou Know?gues in the Americas are

ng make a world ofdifference

duc- ing ourenvironmental

rint. Some

sustainability savings

ghts reported through

mberinclude:

IN G PAPE R

than 250,000 accounts

enrolled in Green$ense, our

essbanking rewards

am. Office paper

mption was reduced by

10 percent in 2009 (over

2008 levels), which is

equivalent to saving 1,921

trees. More than 30

percent of colleagues

signed up to receive

electronic pay advices.

RECYCLIN G MORE

Colleagues recycled more

than 4,000 tons ofofficepaper, which is equiva-

lent to saving almost

70,000 trees. Recycling

programs were expanded

including the rollout of

pilot branch recycling

program forglass, metal

and plastic.

GREENE RPOWE R

We doubled the amount of

renewable energy, which is estimated

to reduce more than 20 million

pounds of carbon dioxide annually.

This is equivalent to 1,996 passenger

cars not driven for one year.

TRAVELIN G LESS

Business travel was reduced more than6,000,000 miles, which represents

about a 12% reduction.

Find out what you can do to help

by contacting [email protected] and

considerjoining the Citizens Bank

Sustainability Champion program or

have an Environmental Work-Out.

January 2010
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]

Documents

RBS - Tripple Bottom Line