Donations will support Black youth, the
economic development of Black communities and social
and racial justice reform
TORONTO, June 5, 2020 /PRNewswire/ - To help fight
systemic anti-Black racism and to provide support directly to Black
communities, RBC has committed CAD $1.5
million to a number of organizations in North America.
"RBC colleagues around the world will not stand by silently as
we witness the ongoing racial discrimination and injustice in our
communities," said Dave McKay,
President and Chief Executive Officer, RBC. "We must work harder to
stop continued and systemic anti-Black racism, and the hate and
discrimination that persists. And we must continue to speak up for
inclusion. The Black community needs our collective voice and
action now more than ever."
RBC has a long-standing commitment to supporting marginalized
communities, particularly youth as part of its Future Launch
commitment. As a first step toward providing more support directly
to Black communities, RBC will donate to organizations that support
social and racial justice for Black communities, including the
NAACP Legal Defense and Education Fund and the Equal Justice
Initiative.
In the Minneapolis and
St Paul areas, where communities
were particularly impacted by violence and rioting, including
minority-owned businesses, RBC has committed to support rebuilding
efforts through a contribution to We Love Lake Street, a fund
set up by the Lake Street Council to provide direct support to
small business and nonprofits.
In Canada, RBC will support
Black youth and the economic development of Black communities,
beginning with the Black Business and Professional Association,
Business Is Jammin' and Tropicana Community Services.
Diversity and inclusion is a key enabler in bringing RBC's
purpose of helping clients thrive and communities prosper to life.
It is a core value at RBC, and we are committed to making our
workplaces, culture and communities inclusive and welcoming for
all. This week, our Diversity Leadership Council met to discuss
anti-Black racism and to chart our own path forward by listening
and providing support and opportunities for Black voices to be
heard. We need to continue on this journey every day, because in
this divisive age, respect and empathy matter more than ever.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 84,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
SOURCE RBC
