A transparent supply chain
CIBC has developed a fair and inclusive procurement program to manage our supplier relationships responsibly.
Responsible procurement
Our Global Sourcing team is responsible for developing a fair, transparent and disciplined process for how we select and manage our contracted suppliers, including the evaluation, negotiation and creation of supplier contracts. Each of our contracted suppliers is evaluated on comprehensive criteria, including their social and environmental initiatives. Comprehensive procedures are in place to assess supplier risk and to manage our contracted supplier relationships.
Ethical sourcing and supplier labour practices
In order to do business with CIBC, our suppliers must comply with all applicable laws and regulations, including labour, occupational health and safety, and human rights legislation.
They must also adhere to our Global Reputation and Legal Risks policy for suppliers. This Policy includes clauses pertaining to CIBC’s Code of Conduct, which sets out our expectations for ethical and professional behaviour.
CIBC’s membership in The Canadian Aboriginal and Minority Supplier Council (CAMSC) supports CIBC’s intentions to use and develop diverse suppliers.
Environmentally responsible sourcing and procurement
We seek to work with suppliers whose environmental priorities align with our own and who regularly demonstrate responsible procurement practices.
Our Environmentally Responsible Procurement Standard gives preference to suppliers who can demonstrate continuous improvement in their environmental performance, particularly in the areas of greenhouse gas emissions, energy and material efficiency, and air and water quality, among other criteria.
We also prefer to work with suppliers who have an environmental management system in place and who can demonstrate energy efficiency, including efficient use of natural resources, improved recyclability, fewer hazardous substances, and ecologically sustainable forestry practices.
Learn more about our Environmental Responsibility »
Paper sourcing
We are committed to moving our company-wide paper sourcing to environmentally and socially responsible sourced paper, with a preference for Forest Stewardship Council (FSC)-certified stock. This certification guarantees that purchased forest products come from responsibly managed forests. In 2012, 97% of CIBC’s total paper consumption was FSC-certified.
Learn more about CIBC’s paper sourcing »
Technology sourcing
CIBC is committed to purchasing technology equipment and supplies that minimize the use of toxic or harmful materials. CIBC works with our suppliers to improve environmental performance of our supply chain as it relates to the purchase of technology goods and services.
