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Supplier Diversity at RBC

Diversity and inclusion is more than a core value at RBC, it’s our strength. It’s one of the ways we bring RBC’s Purpose of helping clients thrive and communities prosper to life.

Our Supplier Diversity strategy is focused on the inclusion of diverse suppliers within our supply chain. It is designed to promote fair access to sourcing opportunities and mentorship programs to facilitate opportunities for diverse business owners.

“Supplier diversity isn’t just a phrase – it’s a powerful way to enhance quality, service and overall value for an organization while delivering economic benefits to the communities we serve.”

- Natalie Marchesan, Global Head of Procurement, RBC

Diversity Stories at RBC

What is a Certified Diverse Supplier?

Suppliers can certify with a Diversity Council if they are a for-profit enterprise that is 51% or more owned, controlled, and managed by person(s) who belong to one of the following groups:

  • Indigenous Peoples
  • LGBTQ+
  • Persons with disabilities
  • Veterans and service disabled veterans
  • Women
  • Any US-based enterprise that is considered a qualifying small business

Demonstrating RBC Leadership & Commitment

We partner with Diversity Councils in Canada, the US, and the UK to invest in, advance and support diverse-owned businesses.

2022 Annual Meeting Materials Table
Council Certification Type: Canada Website
camsc Aboriginal & Minority Suppliers Canadian Aboriginal Minority Supplier Council (Opens in new window)
ccab Indigenous Businesses Canadian Council for Aboriginal Business (Opens in new window)
cglcc LGBT+ Businesses Canadian Gay and Lesbian Chamber of Commerce (Opens in new window)
wbecanada Women Businesses Women Business Enterprises Canada (Opens in new window)
iwscc Disabled and Veteran owned Businesses Inclusive Workplace and Supplier Council of Canada (Opens in new window)
2022 Annual Meeting Materials Table
Council Certification Type: UK Website
msduk Ethnic Minority Businesses Minority Supplier Diversity UK (Opens in new window)
weconnectinternational Women Enterprises WeConnect Int (Opens in new window)
2022 Annual Meeting Materials Table
Council Certification Type: America Website
poeple with disabilities People with disabilities Disability IN Org (Opens in new window)
fsrd Suppliers in the Financial Sector Financial Services Roundtable for Supplier Diversity (Opens in new window)
nglcc LGBT+ Businesses U.S National Gay and Lesbian Chamber of Commerce (Opens in new window)
nmsdc Minority Businesses National Minority Supplier Development Council (Opens in new window)
nvbdc Veterans & service disabled veterans National Veteran Business Development Council (Opens in new window)
wbenc Women Enterprises Women Business Enterprises National Council (Opens in new window)
weconnectinternational Women Enterprises WeConnect Int (Opens in new window)

Leveraging our Purchasing Power to Influence Supplier Diversity Efforts

We support a variety of initiatives to help level the playing field for diverse suppliers, including: Diversity Council support, sponsorships, event participation, mentorship, matchmaking, supplier development, and more.

For more details, please see RBC’s ESG report

“Diversity is a cultural imperative and an important consideration as we believe it drives value and spurs innovation, while also being the right thing to do.”

- Megan Quintin, Sr. Director Strategy & Transformation, RBC Global Procurement

Become a Potential RBC Supplier

We are always looking for new suppliers within the categories of goods and services we purchase, including:

  • IT (Hardware, Software, Telecom, and other services)
  • Marketing
  • Professional Services
  • Research & Office Solutions
  • Real Estate & Facilities
  • Other Banking Operations such as Brokerage, Trading Platforms, ATMs, etc.

In addition, we look for suppliers that share our Purpose, Vision, and Values, which include environmental sustainability, diversity, and human rights. Our principles-based Supplier Code of Conduct sets out our expectations of suppliers to ensure their behaviour aligns with RBC standards.

One of the ways our team identifies potential suppliers is by leveraging our supplier database. By registering your company in our database, you ensure that we have your information and details on your company’s capabilities.

If your purpose and values align to ours, you have products or services that would benefit our organization, and you think we should know about you:

Register Here

Registration does not guarantee that your company has secured or will secure RBC business.

“We want to build capabilities — and create opportunities — to strengthen communities.”

- Jessica Grey, RBC Global Procurement, Associate Director, Supplier Diversity