TORONTO, July 5, 2022 /CNW/ – CIBC has been named one of the from Canada The 50 Best Corporate Citizens for 2022 by Corporate Knights.

“At CIBC, we pride ourselves on our longstanding focus on ESG priorities. We apply cutting-edge approaches to seize opportunities and manage risks in areas such as sustainable finance, climate change, data ethics and inclusion,” said Kikelomo Lawal, Chief Legal Officer and Executive Head of ESG Strategy at CIBC. “We are thrilled to receive this recognition for our continued leadership in creating a more inclusive and sustainable future for all.”

Selection by Corporate Knights of the 50 Best Corporate Citizens 2022 in Canada was based on several key performance indicators (KPIs) covering ESG-related compensation, labor practice indicators, board and management representation, as well as own revenues and own investments. CIBC’s ranking reflects in part its focus on creating access to opportunity for team members through benefits, culture and diversity as well as representation at the within the board of directors and senior management.

In 2021, CIBC announced its refocused ESG strategy which brings together well-established and new bank-wide ESG initiatives focused on building integrity and trust, creating access to opportunities and accelerating climate action.

Recent and notable ESG initiatives include:

• CIBC’s Board of Directors has achieved gender-balanced leadership with 50% female representation.¹

• Co-founder of Carbonplace, a new technology platform for the voluntary carbon market, helping companies achieve their net zero ambitions.

• $34.9 billion in sustainable finance mobilization in 2021 – and doubling our sustainable finance mobilization target to $300 billion by 2030.²

• Commit $100 million in limited partnership (LP) investments dedicated to investing in key funds for climate technology and energy transition.

• In 2022, CIBC enhanced health and wellness benefits for its employees, including increased income replacement benefits during parental leave, mental health services, gender affirmation care, fertility treatments and access to registered dietitians.

• Over 212,000 clients attended financial education seminars and events between 2019 and 2021, exceeding our goal of 200,000. ¹

• $8.3 billion new loan approvals were granted to small and medium-sized enterprises (SMEs), reaching 92.4% to date of a four-year period $9 billion target. ¹

The story continues

In addition to the Corporate Knights ranking, CIBC’s recent recognition for sustainability efforts includes the following:

• Ranked A- among the top global banks for climate actions by CDP.

• Named to the Dow Jones Sustainability Index – North America for the 17th consecutive year.

• named one of from Canada Top Diversity Employers for the 12th consecutive year.

• named one of from Canada Top Employers for Young People for the 10th consecutive year.

• Named to The Globe & Mail’s 2021 Women Lead Here Awards for Gender Diversity in Executives.

To learn more about how CIBC activates resources to create positive change, contributing to a more secure, equitable and sustainable future where everyone’s ambitions are realized, visit our corporate responsibility webpage.

About CIBC

CIBC is a leading North American financial institution with 13 million retail, business, public sector and institutional banking customers. In Personal and Commercial Banking, Business Banking, and Wealth Management and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network and its locations across Canada, with offices in the United States and around the world. Current press releases and more information about CIBC are available at www.cibc.com/en/about-cibc/media-centre.html

SOURCECIBC

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