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todayonline - 1 month ago

RBC commits C$150 million to diversity efforts

TORONTO - Royal Bank of Canada lt;RY.TO gt; is committing C$150 million ($111 million) to racial diversity initiatives and aims to increase the proportion of non-white executives to 30% from 20%, Canada s biggest lender said on Monday. The bank pledged C$100 million over five years in small business loans to Black entrepreneurs and said it would invest C$50 million until 2025 to create opportunities for 25,000 Black, Indigenous and people of color. RBC is also committing to have BIPOC youth represent 40% of all summer opportunities by focusing on recruiting from Black and Indigenous groups, it said in a statement. REUTERS

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