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About RBC > Corporate Profile > Awards and Recognition > RBC Named 2012 Corporation of the Year for achievements in supplier diversity

RBC Named 2012 Corporation of the Year for achievements in supplier diversity

November 30, 2012 - Diversity is a core value at RBC and it's an extremely important one, bringing a multitude of perspectives, work experiences and life experiences to help us make better and more balanced decisions. RBC strives to remain a diversity leader in all areas and the Procurement group has made a great impact in supplier diversity.

Over the past year, Procurement has taken many steps to achieve a diverse and fully inclusive supply chain, providing access to procurement opportunities for qualified minority suppliers, including new immigrants, people with disabilities, women, and Aboriginals, among others. In recognition of the many achievements in driving and supporting supplier diversity, RBC was named 2012 Corporation of the Year by the Canadian Aboriginal Minority Supplier Council (CAMSC).

The Corporation of the Year award recognizes RBC as a leader in exemplifying the very best in corporate practice in promoting supplier diversity, and constantly striving for excellence and pro-actively including certified Aboriginal and Minority suppliers in procurement opportunities. RBC was also recognized for mentoring and assisting in the development of Aboriginal and Minority suppliers, and passionately promoting supplier diversity and business development both internally and externally.

"We are extremely proud to be recognized as a leading corporation and steward of supplier diversity, and this award is a testament to our dedication," said Glenn DeSouza, Vice President, Sourcing. "Diversity is a key priority for RBC, and by drawing on the strength of diversity, we can continue to create opportunities within our supplier base to drive innovation for our clients, employees, shareholders and communities."

The award was presented to RBC at the 8th Annual CAMSC Business Achievement Awards gala ceremony. The gala event was an opportunity to celebrate the innovative talents and accomplishments of successful Aboriginal and Minority owned businesses, as well as the corporations that are championing diversity in their supplier base.

Some of the initiatives RBC has implemented in support of supplier diversity include:

  • Building relationships with key stakeholder groups like CAMSC, WEConnect Canada and Diversity Business Network
  • Actively participating in numerous supplier diversity related events - delivering presentations, hosting round tables, and leading panel discussions and workshops
  • Hosting mentorship events such as the first ever RBC mentorship workshop that took place in February to help enable diverse suppliers to be more successful in growing their businesses, developing relationships and securing business with large organizations
  • Developing the Reciprocal Mentorship Program (RMP) that offers one-on-one mentorship to diverse, certified suppliers

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