TORONTO, April 20,
2022 /CNW/ - CIBC has been named one of
Canada's Greenest Employers
for 2022 by MediaCorp Canada for its commitment to creating a
culture of environmental awareness within the organization.
"We are honoured to receive this recognition," said Kikelomo Lawal, CIBC Executive Vice-President,
Chief Legal Officer and Chair of the Senior Executive ESG Council.
"Sustainability is at the heart of our purpose at CIBC, and we are
committed to making positive environmental changes for our team,
clients, communities and our planet to create a more secure and
equitable future for everyone."
The Canada's Greenest
Employers award evaluates an organization based on the unique
environmental initiatives and programs they have developed, the
extent to which they have been successful in reducing their
organizational environmental footprint, the degree to which their
employees are involved in these programs and whether these
initiatives have attracted new employees to the organization.
"This award recognizes CIBC's long-term commitment to
accelerating climate action and our progress towards reducing our
organizational carbon footprint. As a financial institution and a
large employer of choice, we play an important role in championing
sustainability in the communities where we live and work," added
Ms. Lawal.
CIBC's key investments towards
sustainability include:
- Commitment to achieve net-zero greenhouse gas emissions
associated with operational and financing activities by 2050, and
collaboration with carbon-intensive sectors for a successful
transition.
- Launching Carbonplace, a new technology platform for the
voluntary carbon market, helping companies meet net-zero
ambitions.
- Implementing the Sustainability Issuance Framework to
help mobilize capital and develop market-based solutions to support
investments that shape a more sustainable economy.
- Introducing Sustainable Investment Solutions focused on
responsible investing, with a portion of revenues donated to
organizations supporting climate transition activities.
- $34.9 billion in mobilization of
sustainable financing in 2021 – and doubling our sustainable
finance mobilization target to $300 billion by
20301.
- Committing $100 million in
Limited Partnership (LP) investments dedicated to investing in key
climate tech and energy transition funds.
CIBC's sustainability partnership
commitments include:
- One of the first Canadian banks to join the RMI Center for
Climate Aligned Finance.
- Member of the Partnership for Carbon Accounting Financials
(PCAF), an initiative led by the financial industry to develop a
harmonized global standard to measure and disclose greenhouse gas
emissions on loans and investments.
Other industry recognitions
include:
- Top 10 ranking in financing for the renewable energy industry
across North
America2.
- Ranked A- among the top-tier of global banks for climate
actions by CDP.
- Named to the Dow Jones Sustainability Index - North America for 17th consecutive year.
For more information about CIBC's commitment to sustainability,
visit our website.
|
1
|
Sustainable financing
largely relates to client activities that support, but are not
limited to, renewable and emission-free energy, energy efficiency,
sustainable infrastructure, green buildings, sustainability-linked
financings and green financial products. The products offered by
CIBC included in our mobilization commitment to support these
client activities include loans and loan syndications, debt and
equity underwritings, M&A advisory and principal
investments.
|
|
|
|
2
|
North American
Renewables League Tables by Inframation for transactions closed
from January 1, 2021 to September 30, 2021.
|
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 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