NASSAU, March 3, 2025 — RBC Caribbean announced today the successful completion of its first-
ever solar carport at the East Hill Street Corporate Office in The Bahamas. This landmark project
signifies RBC’s commitment to sustainability, renewable energy and net-zero leadership.
The transformation of an open parking area into this cutting-edge solar carport was completed in six
months. Designed to generate solar energy while providing essential shade for vehicles, the carport
harnesses the abundant Bahamian sunshine, contributing to the energy needs of the Head Office in The
Bahamas.

This initiative exemplifies RBC’s commitment to creating a positive impact within the local community
by partnering with Bahamian owned Compass Solar Systems Limited, which provided engineering,
procurement, and construction services for the project.

“This solar carport reflects our unwavering commitment to environmental stewardship,” said Chris
Duggan, RBC’s Head, Caribbean Banking. “This initiative reinforces RBC’s dedication to advancing net-
zero leadership in our operations while reducing the environmental impact of our activities. We look
forward to exploring more green initiatives that support our vision of a sustainable future across the
Caribbean.”

The solar carport features a robust 104 kW solar array comprising 259 high-efficiency solar panels. This
system is capable of producing up to 163,500 kWh annually, offsetting RBC’s electrical consumption by
approximately 15%. Notably, these panels are engineered to withstand wind speeds of up to 200 mph,
exceeding local safety regulations.

Marc Jardine, who heads RBC Caribbean’s ESG committee, emphasized the balanced approach of the
project, stating, “This initiative represents a sound financial investment and a pivotal step towards a
more sustainable future. Our energy system has been designed to efficiently meet both current and
future energy demands, showcasing the potential of integrating technology and environmental
responsibility.”

The solar carport is a key milestone by RBC Caribbean in contributing to RBC’s broader strategy to
achieve net-zero emissions across its global operations, alongside investments in sustainable practices
and technologies.

About RBC in the Caribbean
With more than 115 years of dedicated service to the region, RBC has a presence in 10 countries and
territories, with 38 branches and over 2,800+ employees serving more than half a million clients. As one
of the Caribbean’s leading diversified financial services companies, RBC provides personal and
commercial banking, wealth management, corporate and investment banking, insurance and trust and
asset management services to a wide range of clients, including individuals, small businesses, general
commercial entities, regional and multi-national corporations and governments. For more information,
please visit rbc.com/caribbean.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to
delivering leading performance. Our success comes from the 98,000+ employees who leverage their
imaginations and insights to bring our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based
on market capitalization, we have a diversified business model with a focus on innovation and
providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other
countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community
investments and employee volunteer activities. See how at powering ideas to help shape a stronger
Caribbean.