Sustainable banking is about managing and positioning the company for the long term. This view is embedded in the Board of Directors’ decision-making. The Board of Directors oversees all aspects of governance at CIBC. Two committees of the Board – the Corporate Governance Committee (CGC) and the Risk Management Committee (RMC) – have specific oversight accountabilities related to CIBC’s corporate responsibility.
As part of its reputation risk mandate, the CGC oversees CIBC’s efforts to conduct its business in an ethical and socially responsible manner. The RMC reviews and approves policies and procedures established by our management team for the effective identification and control of CIBC’s reputation and legal risks associated with transactions.
CIBC’s Senior Executive Team is accountable for the progress of our program, while executive oversight on environmental matters is provided by the Vice-President of Corporate and Operational Risk Management.
At the Board and senior management levels, compensation is directly linked to company-wide economic, environmental, social and governance (EESG) performance. And on an annual basis, every CIBC employee must certify knowledge and adherence to the principles set out in the CIBC Code of Conduct for ethical behavior and commitment to our values of Trust, Teamwork, and Accountability.
Managing our environmental responsibilities
Environmental leadership, management and oversight resides with CIBC’s Environmental Risk Management (ERM) group, which is part of Corporate and Operational Risk Management (CORM). The foundation of our program is based on the ISO 14001 environmental management system standard.
Our priorities
Our priorities reflect our mission, vision and core values and include:
| Economy | Clients | Environment | Employees | Community |
|
Retail & Business Banking
Management
|
|
|
|
