TORONTO and CHICAGO, June 4,
2020 /CNW/ - CIBC today announced that it is
contributing $700,000 to local
not-for-profits across Canada and
the United States in support of
efforts to empower Black youth, individuals and families in
building strong communities.
"Racism greatly diminishes what we're all capable of together.
Every one of us is made weaker when we tolerate it, ignore it, and
don't speak up about it," says Victor
Dodig, President and CEO of CIBC. "Change is needed and it
requires action from everyone. This includes listening carefully to
those whose lives are different from our own and being more
intentionally inclusive in our life, our work and communities. We
are committed to grassroots partnerships to help make that happen
and to ending anti-Black and systemic racism in all forms."
As part of today's announcement, CIBC is providing $275,000 in new support for the Black community,
which will be allocated in close consultation with our Black
employees and local partners. This funding is in addition to CIBC's
ongoing annual commitment averaging $425,000, which helps local charitable
organizations in delivering skills training, experiential learning,
mentorships and research to help advance the goals of Black youth
and the community.
About CIBC
CIBC is a leading Canadian-based global financial institution
with 10 million personal banking, business, public sector and
institutional clients. Across Personal and 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cibc-contributes-700-000-to-local-organizations-supporting-black-communities-301070881.html
SOURCE CIBC