The bank will continue to invest in ESG priorities of stakeholders, says CLO Kikelomo Lawal
CIBC has been named to the Dow Jones Sustainability North America Index for the nineteenth consecutive year for its responsible and sustainable business practices.
The bank is ranked in the 90th percentile among banks globally and was included for practices in corporate governance, greenhouse gas emissions, and talent attraction and retention, among other areas.
"CIBC is committed to enabling a more sustainable and equitable future and we are proud to be included in the Dow Jones Sustainability North America Index for the 19th year in a row," said Kikelomo Lawal, executive vice-president and chief legal officer, CIBC. "We will continue to invest in addressing the environmental, social and governance priorities that matter most to our stakeholders and enable our clients to achieve their own sustainability ambitions."
CIBC's recent notable ESG initiatives include:
- Partnering with The Indigenous Institutes Consortium to offer scholarships at Indigenous-owned post-secondary institutions and support access to education and employment opportunities of Indigenous learners
- Publishing progress towards 2030 targets for emissions reduction from oil and gas and power generation portfolios
- Collaborating with Export Development Canada to expand sustainable finance solutions for Canadian businesses.
- As part of a commitment to providing $100 million in limited partnership investments in climate technology and energy transition funds, the bank has partnered with six funds that provide growth capital to emerging climate and energy transition technology companies to help the global community transition to the net-zero carbon economy
