TORONTO, Dec. 12,
2024 /CNW/ - CIBC today announced it has been named a
2025 Catalyst Award winner in recognition of the bank's ongoing
commitment to advancing gender equity and inclusion at work. The
Catalyst Award is a premier global recognition for organizations
that demonstrate a strong commitment to promoting gender equity and
workplace inclusion.
The award recognizes CIBC's Leading with Inclusion
initiative which helped revolutionize the bank's approach to
advancing opportunity by introducing a comprehensive governance
framework emphasizing shared accountability for more inclusive
outcomes.
"At CIBC, inclusion is a cornerstone of our bank. Building an
inclusive culture that reflects the clients and communities we
serve allows for unique perspectives, experiences, and drives
innovative solutions," said Victor
Dodig, President and CEO, CIBC. "Our entire CIBC team is
honoured to receive the 2025 Catalyst Award, which is a testament
to our bank's commitment to building an inclusive workplace and
advancing opportunity across our industry."
By placing inclusion at the core of its human capital and
business strategies, CIBC has made significant strides in creating
a workplace that values each team member's uniqueness and promotes
belonging.
Key Achievements:
As a result of the Leading with Inclusion initiative,
CIBC has achieved several notable milestones:
- Board of Directors: 43% of CIBC's Board are women
and 15% of directors identify as people of colour, 8% as Indigenous
peoples, and 8% as members of the LGBTQ+ community.
- Women in Leadership: Women represent 50% of CIBC's
C-Suite positions and global representation of women in
board-approved executive roles rose to from 33% in 2019 to close to
40% in 2024. Additionally, representation of women of colour in
these roles increased from 5% to 12%.
- Gender Equality: Named the leading company
in Canada for gender equality for
the fourth consecutive year and one of the top 40 companies
globally in Equileap's seventh annual Gender Equality Global Report
& Ranking.
- Access to Opportunity: In 2023, CIBC invested
approximately $10.4 million in
community organizations that support access to opportunities for
the Black community, Indigenous peoples, and persons with
disabilities.
- Commitment to Reconciliation: In 2024, CIBC was
awarded Silver certification in the Partnership Accreditation in
Indigenous Relations (PAIR) program from the Canadian Council for
Indigenous Business (CCIB), signaling to Indigenous communities,
businesses and job-seekers that CIBC is committed to economic
reconciliation and Indigenous prosperity.
CIBC has been a supporter of Catalyst since 2007 and Mr. Dodig
was named as a 2017 Catalyst Canada Honours Company Leader
Champion.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets, CIBC offers a full
range of advice, solutions and services through its leading digital
banking network, and locations across Canada, in the
United States and around the world. Ongoing news releases
and more information about CIBC can be found at
https://www.cibc.com/en/about-cibc/media-centre.html.
SOURCE CIBC