Canadian lenders among world's most best companies for diversity

by Steve Randall on 17 Sep 2019

Canada’s biggest banks have been ranked among the best in the world for diversity and inclusion.

The annual Refinitiv Global & Inclusion Index for 2019 ranks over 7,000 listed companies with environmental, social and governance (ESG) data, based on a composite of metrics focused on diversity, inclusion, people development and controversies. The top 100 are listed.

The list is headed by management consultancy Accenture, followed by beverages firm Diageo.

RBC is third overall and therefore also the highest-ranking bank. Bank of Nova Scotia is 20th and Toronto-Dominion is 21st, some way behind RBC but still outranking other banks, which are few and far between in the listing. CIBC is 55th.

"We know diverse and inclusive companies are more successful," said Dave McKay, CEO of RBC. "They drive greater innovation and growth, attract top talent, foster employee engagement, better represent the communities in which we live and work, and deliver stronger results. We also know that being a diverse and inclusive company takes commitment. It requires leadership to speak up and have uncomfortable conversations needed to truly drive change. Making our workplace a more inclusive and welcoming place has always been core to RBC."

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