The thinking behind my annual letter this year
Last week, we released our Annual Report and I would encourage all of our stakeholders to read it.
My CEO letter covers how RBC is doing as an organization through the lens of four pillars: the engagement of our people, the meaningful value we create for our clients, the investments we make in our communities, and the strong financial performance we deliver to our investors.
This balanced scorecard approach has been part of our DNA for decades and I was pleased to see the Business Roundtable in the U.S. recently pledge to adopt this approach and the view that business can do more to help solve society’s biggest challenges. We believe this thinking is the only way to truly measure our success.
But this year, I wanted to go one step further to outline where RBC stands on some of the most pressing issues of our time in the eyes of our employees, clients, shareholders and the public at large. I focused on three: climate change, data privacy and the future of work.
In my message, I argue that bold action from private and public sector leaders can help us tackle these challenges in our home country – Canada – and ultimately provide a framework for how other nations across the globe can follow.
That means engaging on key issues such as supplying the world’s energy needs while still moving towards a low-carbon economy. It means deploying our competitive strengths in the digital economy while protecting personal privacy. And it means rethinking how we prepare the next generation of workers for jobs that don’t yet exist today.
In the coming year, you can count on RBC to continue speaking up on these issues and bring meaningful action to help solving them.
I firmly believe in our role to make society better because we know our success rests on the strength of our 16 million clients and the health of our communities where we live and work.
Please read my entire message here and, if you agree with me, please share with your friends and colleagues.
Nature
4 年Thanks for Great visions and Goals being laid out ahead for us. However, I am skeptical that the Greening projects are still slow going because who has time and money to do it. The future work in automation have pros and cons. If there's not a lot of people being hired and paid well, how we will be able to spend and move the economy ? It's a two way street. Like the good old days that our two big car companies have provided... Outsourcing is another concern. Yes, they say that it's necessary in some cases. But I meant that how can we use this system, land, tax payers and people support while projecting big plans outside Canada? Please stop and think for a moment... Affordability is a big key factor. People now have to do 2 jobs or more to keep up with financial challenges, racing against time and speed more than ever...stressful resulting in mental health, drinking, addictions , high Divorced rate, fertility issues, ADHD in school, poverty, crimes and gangster, homeless etc. Data privacy is a must. I came across a hard experience myself. Some of those super high tech crawlers or hackers...leading me to believe it's a Real thing but turn out to be Fake. It's very unsafe if the fake stuffs exists in all aspects of life.
VP Commercial Financial Services Health Care Professionals- GTR RBC
4 年Proud to be part of an organization that leads with focus on its talent, advice, community and taking critical decisions that impact our future.
Worked as Loan Service Clerk at ATB Financial
4 年Dave McKay I am seeking employment at your financial institution. I have 14 years experience working as a Loan Service Clerk. If you have any positions available, please let me know. Thank you!
Chairman at Brausse Group
4 年Awesome
Designer & CEO, DVXD - Design for shared progress
4 年Great message, Dave. Here's to 2020 and RBC's continued efforts toward shared and sustainable prosperity.