One of CIBC’s largest environmental impacts and sources of waste is paper. We continue to find ways to reduce and eliminate paper use where possible. |
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One of the most effective ways to reduce our paper consumption is by offering our clients paperless record keeping or to reduce the frequency of printed account statements from monthly to quarterly. We also encourage paperless banking methods such as pre-authorized bill payment, online transfers, direct deposit programs and telephone and online banking.
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To further reduce paper use, CIBC uses double-sided printing as the default as well as secure print technology, which requires users to confirm their print job at the printer prior to printing.
We ensure that all of our internal paper materials across our branch network and office buildings are securely collected, shredded and recycled. Where programs are available in our office buildings, other materials, including aluminum cans, glass, plastics, organics, toner cartridges and batteries, are recycled.
CIBC also offers our clients a CIBC eAdvantage Savings Account, which is designed for CIBC clients looking to access and manage all aspects of their savings account online. Paperless record keeping is the only option available with this account.
Maximizing the reuse of office equipment and furniture is another important element of reducing our waste. Since 2005, CIBC has refurbished and re-deployed surplus furniture across the organization.
Through our strong partnership with our furniture supplier, CIBC utilizes four warehouses across the country to store, repair and re-deploy our used office furniture. Office furniture that cannot be repaired is broken down into its individual material components and recycled. Overall, the program helps CIBC reduce its furniture costs, ensures quick replacement of furniture when needed and reduces waste. In 2012 alone, CIBC diverted over 18,000 pieces or 520 tonnes of furniture from going to landfill.
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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. FSC is an international certification and labeling system that guarantees that purchased forest products come from responsibly managed forests. Under FSC certification, forests are certified against a set of strict environmental and social standards and fibre from certified forests is tracked all the way to the consumer through the chain of custody certification system. The end result is products in the marketplace carrying the FSC logo.
In 2008, CIBC made a commitment to switch its office paper supply and to migrate other paper supplies to FSC-certified stock. This includes printer paper, client statements, forms, cheques, envelopes and commercial printing. In 2012, CIBC extended the commitment to the purchase of wood products used in our corporate office furniture systems. In 2012, 97% of CIBC’s total paper consumption was FSC-certified.
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