For more details on our environmental programs and our environmental performance data, please visit the CIBC and the Environment section of our website.

Why it’s Important to CIBC

CIBC aspires to be a leader in environmental performance. We recognize the importance of environmental issues and our role in sustainable development. We understand our stakeholders are engaged and impacted by the critical issues related to the environment.

Management Approach

We conduct our business activities in an environmentally conscious manner through adherence to our environmental policy. The policy is addressed by an integrated Corporate Environmental Management Program, which is under the overall management of the Environmental Risk Management (ERM) group in Risk Management. The program follows an Environmental Management System (EMS) framework, including setting objectives and targets, monitoring progress, and striving for continuous improvement. Detailed program requirements are articulated in standards, procedures, and guidelines governing environmental management.

The ERM group works closely with our main business units and functional and support groups to ensure that high standards of environmental responsibility are applied to the banking services that we provide our clients, the relationships we have with our stakeholders, and the way we manage our facilities. An executive-level Environmental Management Committee provides input on environmental strategy and oversight of CIBC’s environmental initiatives.

2016 Performance

CIBC conducts environmental risk assessments of our financial transactions as an integral part of our due diligence process. In 2016, CIBC’s ERM group reviewed and advised on 1,012 transactions worth $13.8 billion.

2014

2015

2016

Transactions reviewed and advised by ERM

1,010

827

1,012

Environmental and social risk assessments in project finance, project-related corporate loans and related bridge loans are required in accordance with our commitment to the Equator Principles. The Equator Principles are adopted voluntarily by financial institutions and are intended to support environmental and social due diligence and responsible risk decision making. In fiscal 2016, we financed two projects under the Equator Principles.

Photo CIBC Shoreline clean up in Ottawa

Employees help to clean up Canadian shorelines to celebrate CIBC’s My Environment Day.

Across all CIBC businesses we are encouraging our team and our clients to go paperless to reduce our environmental impact. For example:

  • 60% of our Retail and Business Banking clients are now engaged with CIBC digitally and we have surpassed our targets for eStatement conversion;
  • eStatements are now available for CIBC Personal Portfolio Services and CIBC Mutual Fund accounts for our Wealth Management clients; and
  • All reports from Capital Markets Equity Research are now distributed digitally.