Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Royal Bank of Canada    RY   CA7800871021


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Royal Bank of Canada : RBC Heritage begins Sustainability Certification

share with twitter share with LinkedIn share with facebook
share via e-mail
09/24/2016 | 08:04pm EDT

HILTON HEAD ISLAND, South Carolina, September 24, 2016 - The Heritage Classic Foundation today announced that it has taken steps, in partnership with the Golf Environment Organization (GEO) and The Sea Pines Resort, to attain a sustainability certification for the RBC Heritage to become a GEO Certified Tournament.

In 2016, the Foundation and its partners decided to highlight sustainability initiatives in place at South Carolina's only PGA TOUR golf tournament while simultaneously establishing a baseline to support improvement moving forward. As a result, the Sustainability Review, produced by GEO, an international not-for-profit dedicated to sustainability in golf, summarizes the sustainabili­ty initiatives and carbon emissions associated with the 2016 RBC Heritage Presented by Boeing. The review is a significant step in advancing the RBC Heritage towards the goal of becoming a GEO Certified Tournament - a credible eco-label for golf tournaments which is currently under development.

'This tournament has always taken tremendous pride in its host setting and the positive impact it delivers to the region,' said RBC Heritage's Vice President of Operations Morgan Hyde. 'Pursuing a more sustainable event is a natural fit given the history surrounding this great tournament.'

Highlights of the review include:

  • Host venue, The Sea Pines Resort, holds the GEO Certified - Facility eco-label recognizing the clubs work to protect nature, use resource efficiently and provide community value.'
  • 18.8 tons of waste was diverted and recycled recycled. Recycling that waste saves carbon emissions equivalent to removing one car from the road for one year.
  • 22,682 people travelled locally via the park and ride shuttle services.
  • The 4,000 people who cycled 25,000 miles to and from the event saved 7.5 tCO2e or the equivalent of powering one home in the USA for nearly an entire year.
  • By working with Palmetto Electric and Santee Cooper, 100% of the electricity they provided to the tournament was from renewable energy sources, which reduced the total operational carbon footprint by 11%. Solar and wind power saved 23 tons of CO2e.

The review applauded the RBC Heritage's 20% reduction in waste but recommended it work towards more ambitious waste reduction targets in 2017.

'RBC Heritage and The Sea Pines Resort have demonstrated a commitment to lowering the environmental footprint of the tournament as made evident through the 'Keeping it Green' initiatives and data collection efforts of the 2016 RBC Heritage Presented by Boe­ing,' said GEO's CEO Jonathan Smith. 'Due to these efforts, RBC Heritage now has a strong baseline report, best practices, and a leadership pathway to make the tournament more sustainable in future years, and we look forward to continuing to support them on this journey.'

The 49th annual RBC Heritage Presented by Boeing will take place April 10-16, 2017 over the famed Harbour Town Golf Links. Tournament tickets are on sale at www.rbcheritage.com.

About Heritage Classic Foundation
The Heritage Classic Foundation is a nonprofit organization dedicated to improving lives throughout the state of South Carolina. As the general sponsor of the PGA TOUR's RBC Heritage presented by Boeing, millions of dollars generated from ticket sales and sponsorships are distributed to charitable organizations that enhance the quality of life for our citizens. Since it was founded as a 501(c)(3) in 1987, the Foundation has donated close to $34 million to people in need. For more information, call (843) 671-2448, visit www.heritageclassicfoundation.com or Facebook (Heritage Classic Foundation) and Twitter (@HCFGolf).

RBC - Royal Bank of Canada published this content on 20 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 September 2016 00:04:01 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
03/27ROYAL BANK OF CANADA : RBC Royal Bank decreases prime rate
03/27Banks in Canada Step Up to Support Small Business
03/25ROYAL BANK OF CANADA : RBC Seeks Fire-Sale Buyers for Seized Mortgage Debt -- Up..
03/25ROYAL BANK OF CANADA : Ontario Court Of Appeal Holds No Leave Required In Appeal..
03/24Coronavirus, Market Mayhem a Tough Combination for Wall Street Traders
03/23ROYAL BANK OF CANADA : Publication of Final Terms
03/23ROYAL BANK OF CANADA : announces changes to annual meeting
03/20ROYAL BANK OF CANADA : announces changes to annual meeting
03/20Joint Statement By Canadian Banks and Life Insurance Companies Regarding Annu..
03/18ROYAL BANK OF CANADA : RBC commits $2-million in support of COVID-19 community r..
More news
Financials (CAD)
Sales 2020 47 025 M
EBIT 2020 19 286 M
Net income 2020 12 684 M
Debt 2020 -
Yield 2020 5,07%
P/E ratio 2020 9,29x
P/E ratio 2021 8,97x
Capi. / Sales2020 2,57x
Capi. / Sales2021 2,57x
Capitalization 121 B
Duration : Period :
Royal Bank of Canada Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROYAL BANK OF CANADA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 100,25  CAD
Last Close Price 84,80  CAD
Spread / Highest target 38,0%
Spread / Average Target 18,2%
Spread / Lowest Target -21,0%
EPS Revisions
David Ian McKay President, Chief Executive Officer & Director
Kathleen Patricia Taylor Chairman
Bruce Ross Group Head-Technology & Operations
Rod Bolger Chief Financial Officer
Foteini Agrafioti Chief Science Officer
Sector and Competitors