RBC bank (Canada) & sustainability Essay Example | Topics and Well Written Essays - 1000 words

RBC bank (Canada) & sustainability - Essay Example and 56 other countries1. Corporate Social Responsibility and Sustainability The company claims to have positive economic, environmental and social impact in its areas of operations. In the view of the President and CEO of the company Gordon M. Nixon corporate responsibility for the company is about the way company uses and makes money2. Company has set six priorities for its corporate social responsibility which are operational integrity, economic impact, market place, work place, environment and community. Within the environmental priorities company is determined to reduce the intensity of the environmental footprint of RBC Canada, promote environmentally responsible business activities and offer environmental products and services3. Sustainable Growth and Priorities of RBC Canada RBC Canada has developed and adopted significant policies and procedures for the sustainable developments which are included in the corporate priorities. Some of these are as follow: Reduce the Intensity o f the Environmental Footprint of RBC RBCs environmental footprint consists of range of activities of the company from the internal environment to the external environment. Company has tracked all the areas of operations that can have environmental impact and identified the ways to minimize the environmental impact. These include use of energy, paper consumption, and water use and procurement activities. In these areas company is minimizing its environmental footprint. Vital statistics4 Greenhouse Gas Emissions The company studied and identified the direct and indirect greenhouse gas emission by the company. This includes the source of electricity, production and distribution of documents and employee travel5. The company has Carbon Disclosure Project submission6. The key highlights of the progress of the company indicate that there are number of energy and greenhouse gas related initiatives. They launched a multi-year Energy Management Plan across the retail branch network in Canada . This consists of 200 lighting retrofits and 80 heating, ventilation and air conditioning (HVAC) efficiency assessment7. The company has drafted a comprehensive policy for their environmental and risk management policy. As per this policy all the management decisions should be consider social and environmental risk. There have been tremendous developments in order to make this policy workable in the organization such as assessment of client’s environmental management systems, liabilities, community relations, environmental and labor regulations, community relations and the overall impact on air, land and water. They provided training to 250 employees of RBC Capital Market and Group Risk Management. These people were trained so that the new policy can be applied successfully. In the commercial lending activities, company has been taking care in the commercial lending activities in accordance with this policy. There have been various training provided to risk managers on envir onmental risks and risk management in various lending and investment banking. It has also transferred many of the paper related activities through the electronic documentation process and saved nearly 11.3 million sheets of

Influences in Conference and Banqueting industry Assignment

Influences in Conference and Banqueting industry - Assignment Example The paper tells that hospitality industry encompasses the establishments that provide accommodation, meals, drinks, conferencing services among other related services. The hospitality industry provides two major services, which are the overnight accommodation and sustenance for people. The UK tourism industry has recorded tremendous growth over the years, and even during the recession, the industry continued to expand. In 2010 July, the amount spent overseas visitors was  £1.96b, which represented a 15.9% rise as compared to the 2009 value of  £1.69b. This shows how the industry has potential for growth. Therefore, hospitality industry contributes significantly to the economy and employs millions of people. Conference and banqueting is one of the fields under the hospitality industry. This field provides conferencing activities to several people including local residents to international tourists. Banqueting is currently a lucrative business especially with the growth of conferen cing facilities. Banqueting refers to the act of serving food and beverage to a group of individuals eating together, for example, in cerebration or conference. It is a highly profitable venture, and as such, most facilities in the hospitality industry have incorporated it in their services. The hospitality industry is one of the fastest growing industries, and indeed, the largest in the world. In the UK, this industry makes up a significant part of the economy, with its over 50, 000 guest houses and hotels and an annual turnover of  £ 50 billion. In addition, the industry employs over 1.7 million workforce. (British Hospitality Association, 2008). This industry is large and wide, and ranks third among the top sectors that provide employment. The industry is diverse due to ownership, innovation, grading system and classification, leisure facilities, level of service and future trends. Narrowing down, the conference and banqueting industry contributes ? 18.8 billion to the economy of UK according to the UK Events Market Trends Survey results. The business prospect of this industry increases annually, thus, it has attracted many investors especially during the preparation for the 2012 Olympics. Currently, the industry does not only provide meeting and food services, but there are additional services such as shops, nightclubs, hair and beauty salons, internet, gymnasium, shops, and laundry services. Conferencing services are mostly for business people whom after the meetings would prefer to have a little leisure and relaxation. Thus, the conference and banqueting industry has included the mentioned services to ensure that the guests do not leave the premises to go and look for leisure activities elsewhere. Research reveals that most hotels have special facilities in built for conference and banqueting events, as it has emerged a very profitable business area. An example of hotel or hospitality provider that has excelled in the area of conference and banqueting is the Villa Park or Aston Villa. The hotel that offers hospitality and events services emerged the best in the category of ‘Best UK Unusual Events’ during the prestigious M&IT Awards. Apart from excellent services, Villa Park is located centrally less than two miles from the M6, and offers spacious free car parking spaces, which makes it a perfect venue to host events. Another example of facility that offers good conference and banqueting services is The Royal Over-Seas League, which is a Private Members’ club that offers unique services for all kinds of occasions. Referred to as ROSL in short, the facility has eclectic collection of events and meeting rooms, as well as styles and designs that offers exquisite views of various places. Factors that have