MINNEAPOLIS (January 21, 2020) – 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 on the 2020 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality, administered by the Human Rights Campaign Foundation. RBC joins the ranks of more than 680 major U.S. businesses that also earned top marks this year.
“RBC is incredibly honored to once again receive a perfect score on the Human Rights Campaign Corporate Equality Index as we strive to be a strong advocate for advancing LGBT+ rights in the workplace,” said Michael Armstrong, CEO of RBC Wealth Management-U.S. “Receiving this honor for the 11th time reflects how strongly we value Diversity & Inclusion and how deeply we are committed to building and fostering a corporate culture where differences in gender, sexual orientation and identity are valued and embraced.”
“RBC is honored to receive the highest rating for the eleventh year,” said John Thurlow, Chief Operating Officer of RBC Capital Markets in the U.S. “We continue to make strides in fostering a culture that embraces Diversity and Inclusion to ensure all employees have opportunities to grow, succeed and achieve their career aspirations.”
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-inclusive benefits. RBC also supports national and local organizations that serve the LGBT+ community through sponsorships, grants and the employee gift matching program.
LGBT+ employee resource groups 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.
The 2020 CEI rated more than 1,000 businesses in the report, which evaluates LGBTQ-related policies and practices including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBTQ community. RBC’s efforts in satisfying all of the CEI’s criteria resulted in a score of 100 and the designation as a Best Place to Work for LGBTQ Equality.
For more information on the 2020 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $389 billion in total client assets with more than 2,000 financial advisors operating in 170 locations in 42 states. For more information about RBC Wealth Management-U.S., visit https://www.rbcwealthmanagement.com.
RBC Capital Markets is recognized by the most significant corporations, institutional investors, asset managers, private equity firms, and governments around the globe as an innovative, trusted partner with an in-depth expertise in capital markets, banking, and finance. We are well-established in the largest, most mature capital markets with over 7,300 employees across North America, Europe, and the Asia-Pacific region in 70 offices and 15 countries, collectively encompassing more than 80% of global investment banking activity each year.
The Human Rights Campaign Foundation is the educational arm of America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual transgender and queer people. HRC envisions a world where LGBTQ people are embraced as full members of society at home, at work and in every community.
Tim Nelson, RBC Wealth Management, 612-371-2239, or Tim.nelson@rbc.com
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.