Canada NewsWire
TORONTO, Dec. 7, 2020
Bank recognized for leading in environmental and social disclosure practices
TORONTO, Dec. 7, 2020 /CNW/ - CIBC (TSX: CM) NYSE: CM) has been included in the Dow Jones Sustainability Index (DJSI) North America for the 16th consecutive year, a recognition of the bank's approach to sustainable business practices. The DJSI includes companies based on economic, environmental and social criteria.
CIBC earned the maximum score of 100 in environmental and social reporting, reflecting the bank's continued focus on enhancing disclosure practices in sustainability. The bank was also recognized for gains in the categories of sustainable finance and materiality.
"We are pleased to be recognized for our commitment toward building a more sustainable future," said Kikelomo Lawal, Executive Vice-President and Chief Legal Officer, CIBC. "We continue to strengthen our disclosure practices to demonstrate the progress we are making on the environmental and social issues that matter to our clients, our team, and our communities."
CIBC's actions towards a sustainable future include:
Other industry recognitions for CIBC include:
More on CIBC's sustainability practices can be found in the 2019 Sustainability Report.
About CIBC
CIBC is a leading North American financial institution with 10 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 with offices 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
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