Seventh year the company achieved 100 percent on Corporate Equality Index
TORONTO (December 5, 2016) – 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 percent on the 2017 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 517 major U.S. businesses that also received top marks this year.
“This perfect 100 percent rating from the Human Rights Campaign for the seventh year reflects how strongly RBC values the diversity of its workforce,” said Michael Armstrong, CEO, RBC Wealth Management – U.S. “As a company we are committed to maintaining an inclusive work environment built on mutual respect, trust and fair treatment, where individual differences are valued and celebrated. This recognition underscores our serious commitment to diversity and inclusion.”
“It is an honor to receive a top score for the seventh year,” stated Blair Fleming, head of RBC Capital Markets, U.S., and head of U.S. Investment Banking. “RBC is fully committed to respecting and protecting the human rights and personal dignity of our LGBT employees and their families for equality in the workplace. We are pleased to see this commitment reflected in our 100 percent score on the 2017 Corporate Equality Index.”
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 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.
“Through 15 editions of the annual Corporate Equality Index, major private sector employers have demonstrated over and over that inclusion is not just the right thing to do, it makes for a stronger, more successful business,” said Deena Fidas, Director of HRC’s Workplace Equality Program. “From centuries-old companies to those that have existed for just a few years, major employers have adopted LGBT-inclusive policies and benefits at rates that continue to outpace lawmakers and lead the way forward.”
The 2017 CEI rated 1,043 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 percent ranking and the designation as a Best Place to Work for LGBT Equality.
For more information on the 2017 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 have over 80,000 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 36 other countries. For more information, please visit http://www.rbc.com/.
RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments and employee volunteer activities. For more information please see: http://www.rbc.com/community-sustainability/.
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.
Jonell Lundquist, RBC Wealth Management