Company Directory - Royal Bank of Canada
Company Details - Royal Bank of Canada
Royal Bank of Canada
WebsiteToronto, Canada
The Royal Bank of Canada (RBC) is one of the largest banks in Canada and a leading diversified financial services company. It provides a broad spectrum of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets solutions.
CCI Score
CCI Score: Royal Bank of Canada
-21.08
0.01%
Latest Event
RBC Layoffs 2025: Severance and Employee Rights Under Scrutiny
A report on RBC layoffs in 2025 highlights concerns over employee severance pay and rights. The article discusses the challenges faced by non-unionized workers amid significant layoffs at RBC and underscores potential deficiencies in the bank’s labor practices.
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ACCOMPLICE
Royal Bank of Canada is currently rated as an Accomplice.
Latest Events
- MAR102025
A report on RBC layoffs in 2025 highlights concerns over employee severance pay and rights. The article discusses the challenges faced by non-unionized workers amid significant layoffs at RBC and underscores potential deficiencies in the bank’s labor practices.
-40
Labor Relations and Human Rights Practices
March 27
The article raises red flags over RBC's handling of layoffs, with particular emphasis on severance pay and employee rights for non-unionized staff. This suggests weakness in upholding fair labor practices, whereby workers may be left unprotected during mass layoffs. From an anti-fascist perspective, inadequate support for labor rights is concerning as it can contribute to broader systemic exploitation.
- MAR102025
The article details significant layoffs at RBC and provides guidance for affected employees regarding severance and rights. This highlights concerns over labor relations and the treatment of non-unionized workers, which can undermine worker protections and contribute to broader economic insecurity—a condition that authoritarian regimes may exploit.
-30
Labor Relations and Human Rights Practices
March 27
RBC's decision to lay off employees, particularly non-unionized workers, raises red flags in terms of labor rights and ethical responsibility. The need for guidance on severance and legal recourse indicates that workers may not be receiving adequate protection or fair treatment. Such practices contribute to economic vulnerability and can foster conditions conducive to authoritarian exploitation.
- JAN292025
RBC has released its Modern Slavery Statement for the fiscal year November 2023 to October 2024, outlining comprehensive measures to eliminate forced and child labour in its supply chain and uphold robust human rights standards within its operations. The document details strict supplier screening protocols, mandatory training on human rights, and a clear commitment to ethical conduct across global operations.
+85
Labor Relations and Human Rights Practices
March 27
RBC demonstrates a strong commitment to labor rights and human rights practices through extensive training programs, a robust Code of Conduct, and clear policies against modern slavery. The statement reinforces adherence to the United Nations Guiding Principles on Business and Human Rights and holds suppliers accountable via its Supplier Code of Conduct. This proactive approach significantly supports worker protection and ethical labor practices.
+80
Supply Chain Ethics
March 27
The statement details robust supplier risk assessments, enhanced monitoring tools, and clear due diligence mechanisms to mitigate modern slavery risks within its global supply chain. RBC’s thorough approach to supplier compliance and its commitment to ensuring ethical sourcing practices reflect a significant positive influence on supply chain ethics.
- NOV142024
Multiple legal cases involving RBC highlight issues including wrongful dismissals, unpaid overtime, bonus discrepancies, and alleged unfair labor practices. These disputes point to systemic problems in employee treatment and labor relations, raising concerns about the bank's commitment to ethical business practices and worker rights.
-60
Labor Relations and Human Rights Practices
March 27
The article describes several legal cases in which RBC has been challenged by employees over layoffs, unpaid overtime, and bonus entitlements. These cases suggest that RBC’s labor practices may undermine workers' rights and contribute to an environment where corporate power can exercise control over employees, reflecting a disconcerting pattern in terms of labor relations and human rights.
RBC Layoffs: Legal Options For RBC Employees Facing Job Loss And Insights From Previous Court Cases
- OCT012024
An analysis of RBC's 2024 political contributions and lobbying spending as reported by OpenSecrets. The bank contributed $742,650 and spent $360,000 on lobbying in the 2024 cycle, raising concerns over its influence in promoting policies that could undermine democratic accountability and indirectly support authoritarian tendencies.
-40
Political Contributions and Lobbying Efforts
March 27
Royal Bank of Canada's reported political contributions of $742,650 and lobbying spending of $360,000 during the 2024 cycle suggest a deliberate involvement in campaign financing and political influence. Such financial outlays can enable and reinforce the structures of power that favor authoritarian policies. This rating reflects deep concerns that the bank's activities support political processes that may erode democratic norms and facilitate authoritarian practices.
- JUN042024
Royal Bank of Canada led a funding round for Vosker Corp, a manufacturer of surveillance cameras, raising concerns over the bank's role in enabling repressive surveillance technologies that may support authoritarian practices.
- JAN302024
RBC has released a comprehensive statement addressing modern slavery risks and outlining robust measures in its supply chain and broader business practices. The statement details due diligence processes, supplier screening, and internal controls that aim to prevent forced labor and other human rights violations.
+70
Business Practices and Ethical Responsibility
March 27
RBC’s statement demonstrates a strong commitment to ethical business practices through detailed policies and robust risk management procedures. By transparently addressing modern slavery risks across its operations, the bank illustrates its dedication to upholding human rights and responsible sourcing, which is vital in countering systemic exploitation.
Statement Regarding Modern Slavery | RBC BlueBay Asset Management
+75
Supply Chain Ethics
March 27
The statement explicitly outlines measures to assess, monitor, and mitigate the risks of modern slavery within RBC's diverse supply chain. This proactive approach, including supplier due diligence and a robust supplier code of conduct, reflects a significant commitment to ethical sourcing and supply chain transparency.
Statement Regarding Modern Slavery | RBC BlueBay Asset Management
- JAN232024
The OpenSecrets profile highlights RBC's involvement in political contributions and lobbying activities dating back to 1990, including $78,748 in contributions and $370,000 in lobbying expenditures. From an anti-fascist perspective, such financial influence may reinforce entrenched power structures and contribute to the erosion of democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 27
According to data from OpenSecrets, RBC has a history of political contributions and lobbying efforts. With expenditures noted at $370,000 for lobbying and campaign contributions accumulating since 1990, this financial engagement is seen through an anti-fascist lens as indirectly supporting power structures that may pave the way for authoritarian practices. While the financial figures are relatively modest in comparison to larger conglomerates, the sustained nature of these contributions raises concerns about corporate complicity in undermining democratic processes.
- AUG182023
An RBC client has filed a human rights complaint after experiencing dehumanizing and racially discriminatory treatment during a routine transaction, culminating in police involvement. The incident raises serious concerns over RBC's commitment to ethical business practices and accountability to marginalized communities.
-60
Business Practices and Ethical Responsibility
March 27
The incident at an RBC branch, where a long-standing client was subjected to racial profiling and treated in a dehumanizing manner, points to deeply flawed business practices. The requirement for additional, redundant identification and the involvement of police highlight an alarming disregard for equitable treatment, undermining ethical responsibility and fueling systemic discrimination.
RBC client accusing bank of racism after police called to investigate transaction
-30
Public and Political Behavior
March 27
RBC's public response to the incident, which emphasized a generic commitment to diversity and inclusion without addressing the specific discriminatory act, reflects a lack of transparency and accountability. This inadequate public conduct fails to confront and remedy the institution’s underlying systemic issues.
RBC client accusing bank of racism after police called to investigate transaction
- AUG182023
On August 18, 2023, a long-time Black customer experienced dehumanization at an RBC branch in Ottawa when staff, after questioning her identification documents, involved the police. Despite expressing regret, RBC's response did not include a formal apology or sufficient measures to address the discrimination, raising concerns about its commitment to ethical practices.
-60
Business Practices and Ethical Responsibility
March 27
The incident highlights a serious ethical lapse in customer treatment. RBC’s handling, characterized by an unnecessary escalation involving the police and a muted response of regret without a clear apology or corrective measures, reflects a failure to uphold robust ethical business practices and respect for human dignity. This is critical as such actions perpetuate systemic discrimination and could indirectly support authoritarian or oppressive practices by normalizing dehumanizing treatment.
Routine bank visit devolved into 'dehumanization,' says Black customer
- JAN012021
The Royal Bank of Canada reportedly spent $1.4 million on lobbying efforts in 2021, a significant expenditure that raises concerns about its role in influencing political decision-making. Such financial largesse may be used to sway policy in ways that undermine democratic accountability and support authoritarian agendas.
-50
Political Contributions and Lobbying Efforts
March 27
Royal Bank of Canada's $1.4 million lobbying expenditure in 2021 indicates a robust engagement in political influence. From an anti-fascist perspective, heavy lobbying spending can be interpreted as an attempt to shape regulatory and legislative environments to favor corporate interests, which may indirectly support authoritarian practices. This activity is particularly worrisome given the broader political climate where powerful entities use financial leverage to sway governmental policies.
- DEC312020
Royal Bank of Canada spent $1,570,000 on lobbying in 2020 according to OpenSecrets. This significant expenditure raises concerns about the bank's role in influencing political processes and potentially supporting authoritarian policies.
-50
Political Contributions and Lobbying Efforts
March 27
The reported $1.57 million in lobbying expenditures in 2020 by RBC suggests a strategic investment in influencing political decision-making. Given the historical association between aggressive lobbying and support for authoritarian policies, this activity is evaluated as demonstrating significant complicity in undermining democratic processes.
- MAR012019
Royal Bank of Canada released a detailed statement outlining its approaches to lobbying and political contributions across North America. The document emphasizes transparency and regulatory compliance, yet its active engagement in lobbying, PAC expenditures in the U.S., and participation in industry associations raise concerns about the bank’s role in influencing policy in ways that may entrench corporate power and undermine democratic accountability.
-30
Political Contributions and Lobbying Efforts
March 27
Although RBC highlights strict internal protocols, transparency, and adherence to legal standards in its lobbying and political contributions practices, the bank's active political engagement—including significant PAC support and participation in trade associations—suggests a continued influence over policy. From a left-leaning perspective, such involvement contributes to corporate complicity in maintaining power structures that can favor authoritarian dynamics.
PDF Statement on Lobbying and Political Contributions - rbc.com
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