Inclusion in the DJSI demonstrates our
commitment to a more sustainable and equitable future
TORONTO, Dec. 23,
2024 /CNW/ - CIBC (TSX: CM) (NYSE:
CM) has been named to the Dow Jones Sustainability North
America Index (DJSI) for the 20th consecutive year
for its responsible and sustainable business practices. The DJSI is
a widely recognized industry standard for measuring companies based
on economic, environmental and social criteria.
CIBC is ranked in the 90th percentile among
banks globally and was included for corporate and risk governance,
diversity, equity and inclusion practices and human capital
management, and for our progress on climate initiatives, among
other areas.
"We are proud to be recognized for our risk management and
business practices as we continue to make progress addressing the
environmental and social issues that matter to our clients,
communities and stakeholders," said Kikelomo Lawal, Executive Vice-President and
Chief Legal Officer, CIBC. "With our shared purpose of helping make
ambitions real, we are using our resources to create positive
change and contribute to a more secure, equitable and sustainable
future."
CIBC's recent notable ESG initiatives include:
- CIBC was named a 2025 Catalyst Award winner in recognition of
the bank's ongoing commitment to advancing gender equity and
demonstrating a strong commitment to promoting workplace
inclusion.
- Awarded Silver-level standing in the Partnership Accreditation
in Indigenous Relations (PAIR) program, from the Canadian Council
for Indigenous Business (CCIB), in recognition of our strong and
ongoing working relationships that help create wealth for
Indigenous businesses and communities.
- In addition to our interim 2030 targets for oil and gas, and
power generation portfolios, we set an interim 2030 net-zero target
for our automotive manufacturing portfolio.
- As part of CIBC's previously announced funding commitment in
2021, CIBC has advanced almost half of its $100 million commitment to funds investing in
sectors including carbon technology, low carbon fuels, energy
storage, and hydrogen.
CIBC's other recognitions include:
- Named one of Canada's Top 100
Employers for the 13th consecutive year.
- Ranked #1 in Canada for gender
equality by Equileap for the fourth consecutive year.
- Received the Indigenous Reconciliation Award and Innovation
Award as part of the 2024 Employment Equity Achievement Awards
(EEAA) organized by Canada's
Minster of Labour and Seniors for the second year in a row.
More on CIBC's sustainability practices can be found in
the 2023 Sustainability Report and 2023 Climate
Report.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets, 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
https://www.cibc.com/en/about-cibc/media-centre.html
SOURCE CIBC