We have long recognized the importance of diversity and inclusion to our employees and clients and its value in driving economic sustainability and innovation.
We have been involved in diversity efforts since the mid 1970s, originally focusing on women and employment equity. Today, we view diversity more broadly – as a source and driver of innovation that values and supports unique abilities, experiences and perspectives.
Our commitment to diversity and inclusion encompasses three priorities:
We also focus on youth as an important part of our diverse communities. Today's educated youth will be our future workforce and leaders. We engage youth by developing and/or supporting diversity programs for students that offer unique educational experiences made possible through sponsorships, scholarships, donations and community programs.
At the start of the Second World War, Royal Bank's staff in Canada and Newfoundland (not yet part of Canada) broke down as follows: 79% men, 21% women. By the war's end six years later, an almost complete reversal had occurred: the bank's staff was now composed of 70% women and 30% men.