RBC ranks third in the world and first among financial institutions for diversity and inclusion.
The ranking comes courtesy of a new index from Refinitiv. In all, the index measures 7,000 firms globally and examines 24 separate metrics across four key pillars.
In particular, it identifies the top 100 publicly traded companies with the most diverse and inclusive workplaces. Eight banks feature in the top 100 firms for diversity and inclusion.
Scotiabank and Toronto Dominion are the next top ranked banks in the survey, ranking joint 20th.
Diversity and Inclusion: 4 of the top 8 banks are Canadian
Notably, four of the eight top banks are Canadian with CIBC ranking 54th.
BNP Paribas is the top ranked European financial institution ranking 26th.
The three other banks to feature are Bank of America (74th) with Citi and Commonwealth Bank of Australia, joint 91st.
Dave McKay, RBC President and CEO says: “We know diverse and inclusive companies are more successful. They drive greater innovation and growth, attract top talent, foster employee engagement, better represent the communities in which we live and work, and deliver stronger results.
“We also know that being a diverse and inclusive company takes commitment. It requires leadership to speak up and have uncomfortable conversations needed to truly drive change. Making our workplace a more inclusive and welcoming place has always been core to RBC.”
RBC’s Diversity & Inclusion Blueprint 2020 sets the direction for its priorities, objectives and commitments in Canada and internationally. It aligns with its organisational purpose and focuses on attracting and developing the best talent. And it provides advice and solutions for diverse client markets.
This, says RBC, enables the social and economic development of its communities through partnerships, research, volunteerism and corporate citizenship.
Financial institutions outside the retail banking sector to feature include BlackRock (5th) and insurer Allianz (8th).
Accenture ranks first overall ahead of Diageo.