
Organization
RBC scored high risk because it consistently adopted race- and identity-based policies in hiring and philanthropy while engaging heavily in politically charged advocacy and funding activities. Its governance and public policy practices were seen as prioritizing partisan and activist causes over core business objectives and merit-based practices.
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The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 19 million clients and has more than 101,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks.