In an effort to measure both our environmental impacts and operational efficiency, CIBC has put systems into place to manage, analyze and report on a growing list of environmental performance data. Our goal is to continually improve our tracking of indicators that we have identified as significant aspects of our business. We also seek input from stakeholder groups and assess global best practices to determine other relevant environmental performance indicators.

View CIBC's Environmental Performance Indicators

Performance reporting

CIBC follows a number of non-financial reporting standards and guidelines to present a balanced and reasonable summary of our environmental performance. Most notably, we have applied the Global Reporting Initiative (GRI) G3 Guidelines, and corresponding Financial Services Sector Supplement for Environmental Performance.

Below is a list of the GRI indicators that we report on, and where they can be found in this website:

Global Reporting Initiative (GRI) G3 Guidelines: Economic Performance
EC2	Financial implications and other risks and opportunities for the organization's activities due to climate change.	Climate Change
Global Reporting Initiative (GRI) G3 Guidelines: Environmental Performance
Materials
EN1	Materials used by weight or volume.	Environmental Performance Indicators
EN2	Percentage of materials used that are recycled input materials.	Environmental Performance Indicators
Energy
EN3	Direct energy consumption by primary energy source.	Environmental Performance Indicators
EN4	Indirect energy consumption by primary source.	Environmental Performance Indicators
EN7	Initiatives to reduce indirect energy consumption and reductions achieved.	Facilities Management
Water
EN8	Total water withdrawal by source.	Environmental Performance Indicators
Biodiversity
EN14	Strategies, current actions, and future plans for managing impacts on biodiversity.	Stakeholder Engagement Lending and Investment
Emissions, Effluents, and Waste
EN16	Total direct and indirect greenhouse gas emissions by weight.	Climate Change
EN17	Other relevant indirect greenhouse gas emissions by weight.	Climate Change
EN18	Initiatives to reduce greenhouse gas emissions and reductions achieved.	Climate Change
EN22	Total weight of waste by type and disposal method.	Facilities Management
GRI Financial Services Sector Supplement: Environmental Performance
F1	Description of environmental policies applied to core business lines.
F2	Description of process(es) for assessing and screening environmental risks in core business lines	Lending and Investment
F3	State the threshold(s) at which environmental risk assessment procedures are applied to each core business line.	Lending and Investment
F5	Description of process(es) for improving staff competency in addressing environmental risks and opportunities.	Lending and Investment
F7	Description of interactions with clients/investee companies/business partners regarding environmental risks and opportunities.	Lending and Investment
F9	Percentage of assets subjected to positive, negative and best-in-class environmental screening.	Lending and Investment
F10	Description of voting policy on environmental issues for shares over which the reporting organization holds the right to vote shares or advise on voting.	Lending and Investment
F13	Value of portfolio for each core business line broken down by specific region and by sector.	2006 Annual Accountability Statement (300 KB)

Recognition

At CIBC, we are proud to have our environmental/sustainability performance recognized by a number of external investment research agencies and corporate rankings. Most notably:

Dow Jones Sustainability World Index (DJSI World)
DJSI World consists of more than 300 companies, representing the top 10% of leading sustainability-driven companies out of the biggest 2500 companies in the Dow Jones World Index. CIBC has been a constituent of the Dow Jones Sustainability World Index for 5 consecutive years, and we have steadily increased our environmental score.

FTSE4Good Index
FTSE4Good Index measures the performance of companies that meet globally recognized corporate responsibility standards, and facilitates investment in those companies. CIBC has been included on the FTSE4Good Index since its inception in 2001.

Jantzi Social Index
Jantzi Social Index consists of 60 Canadian companies that pass a set of broadly-based social and environmental screens. CIBC has been included on the Jantzi Social Index since its inception in 2000.

Carbon Disclosure Project (CDP)
The Carbon Disclosure Project (CDP) is a collaboration among institutional investors to question companies about the business implications of climate change. CIBC has been a respondent to all of the CDPs information requests and, since 2005, CIBC has been a signatory to the CDP information requests as well as a respondent. In 2006, CIBC was pleased to receive one of the highest scores of all North American banks on the CDP4 for awareness and disclosure of climate change risks and opportunities.

"CIBC has recognized the need for conservation and sustainable development of Canada's boreal forest. We applaud CIBC's leadership and willingness to work with a wide range of stakeholders to understand environmental risks while seeking opportunities to adapt business practices accordingly. The future of Canada's boreal forest depends on such constructive and innovative attitude from all sectors."
Larry Innes, Acting Director, Canadian Boreal Initiative, as stated in the 2006 CIBC Annual Accountability Report

"CIBC's environmental policies and practices are advanced relative to those of other North American banks, addressing both direct and indirect risks as well as opportunities. New programs, including the carbon risk portfolio review, demonstrate CIBC's efforts at continuous improvement and its awareness of the financial sector's potential role in decreasing greenhouse gas emissions."
Innovest Strategic Value Advisors, as stated in the 2005 CIBC Annual Accountability Report