RBC Wealth Management earns top score for LGBTQ+ workplace equality



MINNEAPOLIS (February 29, 2024) — RBC Wealth Management – U.S. has for the 14th year received a top score on the Human Rights Campaign’s 2023 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey measuring corporate policies and practices related to LGBTQ+ workplace equality. This RBC division joins the ranks of 545 major U.S. businesses that also earned top marks this year.

“Supporting our diverse group of employees is a top priority for our firm, and continuing to provide everyone with the resources they need to thrive is essential,” said Michael Armstrong, CEO of RBC Wealth Management – U.S. “We are honored to earn this top rating once again, which underscores our commitment for a more just and equitable society inside and outside of our own walls.”

“For well over two decades, businesses have played an important role in furthering LGBTQ+ equality by centering employee needs and voices when it comes to workplace inclusion,” said RaShawn “Shawnie” Hawkins, Human Rights Campaign Senior Director of Workplace Equality. “While there is much more work to be done, year-over-year growth in CEI participation is evidence of a business community that recognizes the responsibility and value in upholding equity and inclusion.”

RBC Wealth Management met all the CEI’s criteria, earning a top score of 100 and an Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion designation. The CEI rates companies on detailed criteria falling under four central pillars: non-discrimination policies across business entities; equitable benefits for LGBTQ+ workers and their families; supporting an inclusive culture; and corporate social responsibility.

The results of the 2023-2024 CEI showcase how U.S.-based companies are promoting LGBTQ+ friendly workplace policies in the U.S. and abroad. Participation in the CEI has more than tripled since it’s inception – 1,384 companies participated in 2023-2024, up from 319 in 2002. And a record-breaking 1,340 businesses have non-discrimination protections specific to gender identity, up from just 17 in 2002. These critical non-discrimination protections cover 21 million employees in the U.S. and around the globe.

The full report is available online at www.hrc.org/cei.

About RBC Wealth Management – U.S.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Wealth Management 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 $513 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states.

About the Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.

Media contact
Riham Feshir, RBC Wealth Management, 952-529-6256, riham.feshir@rbc.com