RBC boosts supports for Black, Indigenous, people of colour

July 7, 2020

By HR Reporter |

40 per cent of all summer opportunities to go to BIPOC youth; diversity and inclusion among performance goals

The Royal Bank of Canada (RBC) has announced it is committing millions of dollars to help disproportionately disadvantaged Black, Indigenous and people of colour (BIPOC) gain access to equal opportunities for economic and social advancement.

“Diversity and inclusion has been a cornerstone of our values for years. We have made progress against some of our goals, but there is more to be done,” says RBC.

The financial services company is investing $100 million over five years in small business loans for Black entrepreneurs while also establishing a program to bring business, marketing, digital experts and community leaders together to share ideas and best practices to advance growth for Black-owned businesses.