Sixth year the company achieved 100 per cent on Corporate Equality Index
TORONTO, Nov. 19, 2015 /CNW/ - The Royal Bank of Canada (RBC) announced
that RBC Wealth Management-U.S. and RBC Capital Markets-U.S. each
received a perfect score of 100 per cent on the 2016 Corporate Equality
Index (CEI). This rating individually recognizes both RBC businesses as
one of the "Best Places to Work for LGBT Equality." The Human Rights
Campaign administers this benchmarking survey and report that studies
corporate policies and practices related to LGBT workplace equality.
RBC joins the ranks of 407 major U.S. businesses that also received top
marks this year.
"This perfect 100 per cent rating from the Human Rights Campaign for the
sixth year reflects how strongly RBC values the diversity of its
workforce," said John Taft, CEO, RBC Wealth Management - U.S. and
executive sponsor of the RBC PRIDE U.S. LGBT employee resource group
(ERG). "We don't just say we value diversity; we take significant steps
to incorporate diversity and inclusion into our corporate culture and
the way we do business. This award is proof of that commitment."
"RBC is honored to receive the highest rating for the sixth year,
underscoring our ongoing commitment to diversity and inclusion," said
Blair Fleming, head of RBC Capital Markets, U.S., and head of U.S.
Investment Banking. "We remain deeply committed to standing by our LGBT
employees and their families for equality in the workplace."
As an advocate for equal employment opportunities, RBC maintains a
workplace that embraces diversity and inclusion. The company provides
domestic partner benefits inclusive of same sex couples as well as
transgender benefits. RBC also supports national and local
organizations that serve the LGBT community through sponsorships,
grants and the employee gift matching program.
LGBT ERGs within RBC globally, include: RBC PRIDE U.S. (established in
1999), RBC PRIDE Canada (2006), RBC PRIDE Capital Markets (2011), and
RBC PRIDE UK (2011). All groups have a mission to create a welcoming
and open working environment that allows LGBT employees to achieve
their full potential.
"In this 2016 Corporate Equality Index, hundreds of major businesses
responded to our new standards for workplace equality with exceptional
leadership. RBC not only meets these standards, it goes above and
beyond the call of duty, making commitment to equality a fundamental
aspect of its corporate values," said Deena Fidas, HRC Foundation
Workplace Equality Program Director.
The 2016 CEI rated 1,027 businesses in the report, which evaluates
LGBT-related policies and practices including non-discrimination
workplace protections, domestic partner benefits, transgender-inclusive
health care benefits, competency programs, and public engagement with
the LGBT community. RBC's efforts in satisfying all of the CEI's
criteria results in a 100 per cent ranking and the designation as a
Best Place to Work for LGBT Equality.
For more information on the 2016 Corporate Equality Index, or to
download a free copy of the report, visit www.hrc.org/cei.
Royal Bank of Canada is Canada's largest bank, and one of the largest
banks in the world, based on market capitalization. We are one of North
America's leading diversified financial services companies, and provide
personal and commercial banking, wealth management, insurance, investor
services and capital markets products and services on a global basis.
We employ approximately 79,000 full- and part-time employees who serve
more than 16 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 38 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2014, we contributed
more than $111 million to causes worldwide, including donations and
community investments of more than $76 million and $35 million in
About the Human Rights Campaign
The Human Rights Campaign is America's largest civil rights organization
working to achieve lesbian, gay, bisexual and transgender equality. By
inspiring and engaging all Americans, HRC strives to end discrimination
against LGBT citizens and realize a nation that achieves fundamental
fairness and equality for all.
For further information:
Jonell Lundquist, RBC Wealth Management, 612-371-2239, firstname.lastname@example.org