T. Rowe Price Achieves Silver in MLT Black Equity at Work Certification, Boosts Racial Equity Initiatives
T. Rowe Price, a global leader in investment management and retirement solutions, proudly announces its recognition at the Silver level in the Black Equity at Work Certification from Management Leadership for Tomorrow (MLT). This certification sets a measurable benchmark for racial equity, guiding organizations in addressing systemic disadvantages faced by African American and Black talent. Additionally, T. Rowe Price is also pursuing the Hispanic Equity at Work certification with MLT.
"This certification reflects our commitment to accountability and elevating every voice at T. Rowe Price," said Raymone Jackson, Head of Community Investment and Diversity, Equity, and Inclusion. "Employers must make dedicated efforts to promote racial equity across diverse communities, and this recognition underscores our partnership with MLT in advancing this important work. By continuously improving our approach to inclusion, we aim to create a more equitable future."
Launched in 2020, MLT’s Racial Equity at Work Certification program provides companies with a rigorous three-year process that defines a comprehensive Black equity standard. This includes reporting across five core areas: representation across all levels, fair compensation, inclusive workplace culture, business practices, supplier diversity, and community investments—all aimed at fostering Black equity and closing racial wealth gaps.
T. Rowe Price also collaborates with several organizations, including the Robert Toigo Foundation, the Association of African American Financial Advisors, the Money Management Institute, and the UK’s Diversity Project, to create access and opportunities in the industry and support a diverse talent pipeline. Within the company, the African Heritage Community—a part of the MOSAIC @ T. Rowe Price associate-led resource groups for diverse employees—offers networking and professional development.
The Black Leadership Council and MOSAIC’s Amplify Voices initiatives facilitate open discussions between leadership and Black associates on topics like recruitment, career progression, and workplace climate. Additionally, the firm has allocated $50 million in deposits to under-resourced financial institutions through a partnership with CNote, a fintech that supports diverse business owners and underserved communities through impact investments.
"This certification reflects our commitment to accountability and elevating every voice at T. Rowe Price," said Raymone Jackson, Head of Community Investment and Diversity, Equity, and Inclusion. "Employers must make dedicated efforts to promote racial equity across diverse communities, and this recognition underscores our partnership with MLT in advancing this important work. By continuously improving our approach to inclusion, we aim to create a more equitable future."
Launched in 2020, MLT’s Racial Equity at Work Certification program provides companies with a rigorous three-year process that defines a comprehensive Black equity standard. This includes reporting across five core areas: representation across all levels, fair compensation, inclusive workplace culture, business practices, supplier diversity, and community investments—all aimed at fostering Black equity and closing racial wealth gaps.
T. Rowe Price also collaborates with several organizations, including the Robert Toigo Foundation, the Association of African American Financial Advisors, the Money Management Institute, and the UK’s Diversity Project, to create access and opportunities in the industry and support a diverse talent pipeline. Within the company, the African Heritage Community—a part of the MOSAIC @ T. Rowe Price associate-led resource groups for diverse employees—offers networking and professional development.
The Black Leadership Council and MOSAIC’s Amplify Voices initiatives facilitate open discussions between leadership and Black associates on topics like recruitment, career progression, and workplace climate. Additionally, the firm has allocated $50 million in deposits to under-resourced financial institutions through a partnership with CNote, a fintech that supports diverse business owners and underserved communities through impact investments.
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