CEO
"Racism in any form diminishes what we are all capable of together, and our bank is taking specific steps to combat anti-Black systemic racism and grow our culture of inclusion," said
CIBC's measures to combat racism include a specific focus on talent, inclusive leadership, and supporting our clients and communities.
Talent
Developing talent and attracting the next generation of leaders that reflect the communities we serve is a critical step in building a truly inclusive culture.
CIBC announced today a new target to have 4% of board-approved executive roles based in
In addition, beginning next year CIBC will ensure that at least 5% of student recruitment is from the Black community.
Inclusive Leadership
Achieving talent targets and building a truly inclusive culture will require the full support of leaders across the bank.
In addition to the bank's existing programs to support inclusive leadership and disrupt unconscious bias, all people leaders at CIBC will receive learning resources specifically focused on addressing anti-Black systemic racism.
New learning modules will be shared with all employees, aimed at ensuring everyone at our bank is equipped to become more intentionally inclusive.
Client and Community
CIBC will direct over
CIBC is also taking on a leadership role against systemic racism with President and CEO
"When we achieve a truly inclusive economy, everyone benefits. We can earn a greater share of global commerce by maximizing our shared talent and capabilities which creates more opportunity for everyone," added
About CIBC
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.
SOURCE CIBC
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