Manulife makes C$3.5 million investment in diversity, equity and inclusion

| 30 Jun 2020

Manulife and John Hancock are investing more than C$3.5 million (US$2.56 million) over the next two years to promote diversity, equity and inclusion in the workplace and the communities they serve.

According to the company statement, the goals of these focused investments are three-fold:

  1. to increase the representation of diverse talent at all levels in the organization;
  2. create greater inclusion across the company through enhanced training; and
  3. to support organizations helping Black, Indigenous and People of Colour (BIPOC) communities.

Manulife President and CEO Roy Gori, said: “We recognize that driving change means taking action, which is why we are making these important investments in building greater diversity on our team, and a deeper awareness of the role we can all play in being an ally and supporter of inclusion.

“Through candid discussions with our team, we’ve developed this plan based on their feedback, focusing on areas they see as the most critical levers to helping us create long-lasting change.”

The program covers three pillars of initiatives:

1. Building representation of BIPOC professionals through graduate programs, focused leadership recruitment efforts and accelerated mid-career development.

  • Focused recruitment efforts from diverse post-secondary schools across North America.
  • Partnerships with Career Edge in Canada and the MLK Scholars Program in the U.S. to hire youth.
  • Accelerated development program for high potential mid-career BIPOC leaders.
  • Diverse leadership hiring goals through focused recruitment.

2. Programs designed to educate and train all employees that go beyond our mandatory unconscious bias training. This will encompass regular listening forums to foster conversations that will enable building a greater understanding of inclusion and connection across our global team, allyship training and targeted training for all managers on leading inclusively.

3. Supporting communities through donations and volunteerism focused on financial education and career mentorship.

  • Organizations that will be initially supported include: NAACP Legal Defense and Education Fund, Equal Justice Initiative, ICON Talent Partners, Canadian Association of Urban Financial Professionals and the Canadian Race Relations Foundation.

Manulife’s diversity, equity and inclusion strategy focuses on practices to support employees throughout their careers, such as recruitment, development, career progression, and leadership effectiveness and accountability. In addition to the company’s objective of developing a diverse workforce, it is equally focused on fostering an environment where all employees can thrive and feel a strong sense of belonging.

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