Why it’s Important to CIBC

CIBC is committed to making a significant and lasting contribution to the well-being of our communities across Canada.

We believe in a commitment to fostering healthy communities in which we work and live. It is embedded within our identity to support initiatives that strengthen and diversify communities across Canada in sustainable ways.

Management Approach

Through corporate donations, sponsorships and employee-giving and fundraising, our goal is to make an impact in the communities in which we work and live. In addition to financial contributions, much of our support comes through sharing our business expertise, marketing and other in-kind resources to build capacity for community organizations.

Our priorities are to:

  • Link our community investment programs to identified community needs;
  • Provide strategic support to key causes and  contribute to broad community needs;
  • Enable our employees to engage in  and contribute to community initiatives that matter to them;
  • Maintain or exceed 1% target for community giving as set by Imagine Canada; and
  • Measure and communicate the impact of our community giving.

2016 Performance

CIBC invested more than $65 million in community organizations across Canada through more than 1,500 charitable donations. This includes $44 million in corporate contributions and nearly $21 million in employee-led fundraising and giving. Our corporate contributions include nearly $20 million in charitable donations and exceed the 1% benchmark established by Imagine Canada.

Logo Imagine
Table caption Table that includes key metrics forlists CIBC’s community investment for the last three years2014, 2015, 2016, broken out into Corporate Contributions and Employee giving/fundraising.

Corporate and Employee Contributions (millions)

2014

2015

2016

Corporate contributions

$42

$45

$44

Employee giving/Fundraising

$17.5

$20

$21

CIBC employees and retirees volunteered 200,000 hours in communities across Canada. CIBC encourages the volunteer spirit of its employees through the Employee and Team Volunteer Programs, and allows employees to use their personal day allotment for volunteer activities.

Photo CIBC Miracle Day

CIBC Miracle Day

CIBC employees together with clients across Canada and in offices in New York, London and Hong Kong raised $6 million on CIBC Miracle Day. Funds in Canada are distributed year round by the CIBC Children’s Foundation in support of children’s charities.

Logo United Way

United Way

CIBC, its employees and retirees raised more than $14 million during the 2015 United Way campaign and were engaged throughout the year in agency tours, visits and Days of Caring across Canada.

Photo CBCF CIBC Run for the Cure

Canadian Breast Cancer Foundation CIBC Run for the Cure

Team CIBC helped raise an estimated $17 million through the 2016 Canadian Breast Cancer Foundation CIBC Run for the Cure, including nearly $3 million contributed by the 15,000 Team CIBC members who participated and joined close to 100,000 Canadians in more than 60 communities across the country. 2016 marked the 20th year of CIBC’s title sponsorship of the Run and, over the two decades, Team CIBC has raised more than $45 million in support of a future without breast cancer.