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Supplier Diversity at RBC
Diversity for Growth and Innovation is a core value at RBC and this commitment extends to the supplier community.
As a major purchaser of goods and services, RBC recognizes its tremendous impact on the supplier
community where it operates and conversely – the supplier community’s impact on the products and services that RBC delivers..
Our Commitment to Supplier Diversity
At RBC, we strive to have an inclusive supply chain and provide equal access to procurement opportunities to
qualified suppliers, while maintaining or improving
the levels of quality, service and technology we require.
To help us achieve supplier diversity, we actively encourage submissions, bids and proposals from all enterprises,
including Aboriginal-owned, Women-owned, Minority/Visible Minority-owned, owned by Persons with Disabilities,
Disabled and Service Disabled Veteran-owned enterprises.
Why Supplier Diversity?
Supplier Diversity at RBC is not only about “doing the right thing” and being a responsible corporate citizen.
By including diverse suppliers into the sourcing processes, RBC gains access to competitive offerings, greater innovation,
and culturally diverse business interactions. This, in turn, positions RBC well to meet the requirements of our diverse customer base.
How do we do it?
RBC is proud to be one of the four founding members of Canadian Aboriginal and Minority Supplier Council (CAMSC) (https://www.camsc.ca/) and an inaugural
member of WEConnect Canada (http://www.weconnectcanada.org/). By supporting these and other similar organizations in Canada as well as the US,
RBC helps to promote Supplier Diversity and also gains access to a wide base of registered diverse suppliers to source from.
Each year, we strive to increase the number of opportunities we provide to diverse suppliers, the number of new contracts we extend,
and the dollar value of purchases we make from diverse suppliers. We track and provide such information in Canada and in the United States of America.
We also work with and mentor a select group of diverse suppliers to help them win bids for open contracts from other companies.
Participation in RBC’s Supplier Diversity program does not guarantee that you will secure or have secured our business. However
it provides the opportunity to demonstrate your company’s service and product quality to us and it levels the field for your company to
compete for RBC’s business on fair grounds.
Definitions: Canada
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Diverse Suppliers |
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Implies for-profit enterprises that are 51 percent or more owned, controlled, and managed by person(s) who are
citizens of Canada and who belong to the following groups: Aboriginal, Visible Minority, Persons with Disabilities, and Women.
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Visible Minority |
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Refers to "persons, other than Aboriginal peoples, who are non-Caucasian in race or non-white in colour".
The visible minority population consists mainly of the following groups: Chinese, South Asian, Black,
Arab, West Asian, Filipino, Southeast Asian, Latin American, Japanese and Korean” (www.statcan.gc.ca). |
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Aboriginal |
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refers to persons “reported being an Aboriginal person of Canada, that is, First Nations
(North American Indian), Métis or Inuit. Aboriginal peoples of Canada are defined in the
Constitution Act, 1982, Section 35 (2) as including the Indian, Inuit and Métis peoples of Canada” (www.statcan.gc.ca). |
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Definitions: US
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