Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution filed by the New York City Employees’ Retirement System and Teachers’ Retirement System of the City of New York asks that the bank fully report a ratio of how its clean […]
Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in Canada. The survey, which polled 1,000 employed Canadians who identify as Black, found more than 80 per cent of respondents said employers are making improvements — but a similar proportion said […]
The TD Bank Group has taken significant steps toward promoting diversity, equity and inclusion, says the bank’s first racial equity audit, noting it could do more on aspects like consistency and measurement. TD was the first of Canada’s big six banks — and among the first companies in Canada — to agree to conduct such an audit […]
The Royal Bank of Canada and Bank of Montreal have committed to racial equity audits after facing pressure from shareholders. Jeff Lanthier, a spokesperson from RBC, says the bank will conduct a third-party audit of employment practices next year and another on business practices in 2025. “We remain focused on identifying and helping to address […]