Furthers CIBC's commitment to sustainable
development and reporting standards
TORONTO, April 9, 2018 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) announced today its support of the Financial Stability
Board (FSB) Task Force on Climate-related Financial Disclosures
(TCFD), a global working group that is developing voluntary,
consistent climate-related financial risk disclosures for use by
companies in providing information to investors, lenders, insurers
and other stakeholders.
CIBC's support of the TCFD underscores its commitment to be
transparent with stakeholders on efforts to address climate change
risk, and enhance environmental, social and governance disclosure.
The bank also participates in a global carbon disclosure system
known as the CDP which enables companies, cities, states and
regions to measure and manage risks and opportunities related to
climate change. More information about CIBC's environmental, social
and governance initiatives can be found in the 2017 Corporate
Social Responsibility report at
https://www.cibc.com/en/about-cibc/corporate-responsibility.html.
CIBC's commitment to a sustainable future is recognized by the
following:
- Named among the Global 100 Most Sustainable Corporations and
Best 50 Corporate Citizens by Corporate Knights
- Listed on Dow Jones Sustainability Index since its inception in
2005
- Listed on the FTSE4Good Index since its inception in 2001
- Listed on the Jantzi Social Index since its inception in
2001
- Sustaining Member of the Responsible Investment Association of
Canada
- CIBC Asset Management Inc. is a signatory of the United
Nations-supported Principles for Responsible Investment
- CIBC Capital Markets is a registered observer of the Green Bond
Principles
- Awarded Gold Technology Accelerator Award by Renewed Computer
Technology
About CIBC
CIBC is a leading Canadian-based global
financial institution with 11 million personal banking, business,
public sector and institutional clients. Across Personal and Small
Business Banking, Commercial Banking and Wealth Management, and
Capital Markets businesses, CIBC offers a full range of advice,
solutions and services through its leading digital banking network,
and locations across Canada, in the United
States and around the world. Ongoing news releases and more
information about CIBC can be found
at www.cibc.com/en/about-cibc/media-centre.html.
SOURCE CIBC - Corporate