Our firm also embraces opportunities to create allies in the workplace. All associates can readily access training on cultural competency and other resources to further their diversity, equity, and inclusion (DEI) journey. Associates are also encouraged to participate in our BRG events and discussions, as well as to donate and volunteer their time to support nonprofit organizations that work to advance diversity, equity, and inclusion.
As one among many efforts, we are supporting the Baltimore Hispanic/Latinx community through an initiative called skillCONNECT, through which small groups of associates help local nonprofits uncover, understand, and address a business challenge. By the end of the three-hour skillCONNECT session, our volunteers provide the nonprofit with ideas, strategies, suggested resources, and a plan to help resolve the challenge.
Our Diverse Workforce
Diversity, equity, and inclusion are a top priority for T. Rowe Price—inside and outside the firm. Organizations make better decisions when there is a diverse workforce, and we are intentional about sourcing and engaging talent that brings new perspectives and strengthens our outcomes. We have invested in diverse talent recruitment and early talent development programs to ensure that we are attracting, retaining, and developing our workforce. This includes providing an environment where associates can bring their authentic selves to work, which, in turn, allows us to create greater value for our clients.
DEI as a Business Imperative
The marketplace continues to be more diverse, and we are prepared to meet the needs of savvy clients, now and in the future. We share best practices and outcomes and collaborate with other organizations to unify our DEI efforts and share insights. As a firm, we have studied the importance of financial wellness and the changing face of wealth through the lens of ethnicity and race, and our associates are encouraged to share their expertise on these topics.
We recognize changing population demographics and are launching a new Spanish-language microsite to facilitate financial wellness among our diverse retirement plan participants. This culturally relevant public website will contain a library of educational resources, such as articles and videos, to help our clients on their journey toward retirement and their future financial goals.
We also leverage our corporate voice and brand to make a positive impact on the communities in which we operate. The T. Rowe Price Foundation has supported communities for more than 30 years through global matching gifts, capacity building, and direct grants that support organizations that are making a difference in youth empowerment, racial injustice, creativity and innovation, and financial well-being. And we are making strides in our supplier diversity program to improve equity in our supply chain that drives transformative outcomes and strengthens the economic growth and well-being of minority-owned suppliers and our surrounding communities.
As we celebrate Hispanic Heritage Month and other diverse celebrations, we invite you to learn more about how our differences bring us together and our DEI initiatives at www.troweprice.com/diversity.