Award recognizes the bank's commitment to reducing its carbon footprint: CLO, Kikelomo Lawal
CIBC has been named one of Canada's Greenest Employers for 2022 by MediaCorp Canada for its commitment to creating a culture of environmental awareness within the organization.
"We are honoured to receive this recognition," said Kikelomo Lawal, CIBC’s executive vice-president, chief legal officer and chair of the bank’s senior executive ESG council. "Sustainability is at the heart of our purpose at CIBC, and we are committed to making positive environmental changes for our team, clients, communities and our planet to create a more secure and equitable future for everyone."
The Canada's Greenest Employers award evaluates an organization based on the unique environmental initiatives and programs it has developed, the extent to which it has been successful in reducing its organizational environmental footprint, the degree to which its employees are involved in these programs and whether these initiatives have attracted new employees to the organization.
"This award recognizes CIBC's long-term commitment to accelerating climate action and our progress towards reducing our organizational carbon footprint,” said Lawal. “As a financial institution and a large employer of choice, we play an important role in championing sustainability in the communities where we live and work.”
CIBC's key investments towards sustainability include:
- Commitment to achieve net-zero greenhouse gas emissions associated with operational and financing activities by 2050, and collaboration with carbon-intensive sectors for a successful transition
- Launching Carbonplace, a new technology platform for the voluntary carbon market, helping companies meet net-zero ambitions
- Implementing a Sustainability Issuance Framework to help mobilize capital and develop market-based solutions to support investments that shape a more sustainable economy
- Introducing sustainable investment solutions focused on responsible investing, with a portion of revenues donated to organizations supporting climate transition activities
- $34.9 billion in mobilization of sustainable financing in 2021 – and doubling the bank’s sustainable finance mobilization target to $300 billion by 2030
- Committing $100 million in limited partnership investments dedicated to investing in key climate tech and energy transition funds