RBC Cuts Senior Climate and ESG Jobs in November 2026

Royal Bank of Canada (RBC) eliminated several senior climate, sustainability and ESG positions in November 2026, according to reporting published November 12. The Toronto-based bank is reorganizing its corporate teams, moving climate-related responsibilities into a new public policy group and sustainability reporting into its finance division.

Reuters reported that the eliminated positions included senior roles in climate strategy, ESG risk and sustainability strategy and performance.

An RBC spokesperson confirmed that approximately six positions were eliminated because of overlapping responsibilities. The Globe and Mail subsequently reported seven employee departures.

RBC says the changes are intended to strengthen how climate and sustainability work is handled across its business, rather than signal that it is abandoning those activities.

The bank hasn’t announced a broader November 2026 layoff total. The latest restructuring should not be interpreted as a company-wide workforce reduction.

The job cuts were reported by Reuters on November 12.

What Are Affected RBC Employees Owed?

Non-unionized RBC employees terminated without cause can be owed substantial severance, including compensation for bonuses, deferred incentives and benefits.

Employees of the bank’s federally regulated operations have rights under the Canada Labour Code. Their individual position, employment agreement and circumstances determine what compensation and legal remedies may be available.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.