Royal Bank of Canada (RBC) has issued its first ESG-linked guaranteed investment certificate (GIC).

The fully capital-protected product tracks the performance of MSCI World ESG Quality Select Low Volatility Index (USD) with an investment period of four or six years, offering no minimum or maximum rates of return. ‘In recent years, we’ve also seen a growing focus on looking beyond a company’s balance sheet when making investment decisions,’ said Flora Do (pictured) , vice president, term investments & savings at RBC. ‘ESG investing is a strategy for anyone who

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