CIBC ranked #1 in Canada for gender equality by Equileap
Canada NewsWire
TORONTO, March 8, 2021
TORONTO, March 8, 2021 /CNW/ - CIBC (TSX: CM) NYSE: CM) has been named the leading company in Canada for gender equality and ranked 19th globally in Equileap's fourth annual Gender Equality Global Report & Ranking.
Equileap, a leading provider of gender equality data and insights, presents the 100 companies which score the highest globally, on specific issues ranging from equal pay and gender representation at all levels of a company to paid parental leave and anti-sexual harassment policies. Equileap's research examined close to 4,000 companies on gender equality measures across 23 markets based on 19 in-depth criteria globally.
"This recognition underscores our progress in making inclusion a cornerstone of our bank's culture and advancing gender-balanced leadership," said Sandy Sharman, Group Head of People, Culture and Brand at CIBC. "We are committed to supporting and implementing measures that advance gender equality which is driving our business success and helping us make our clients' ambitions a reality."
CIBC is committed to ensuring gender-balance across its workforce including senior management, executive and board levels. This is supported through talent goals accompanied by tracking and reporting on gender; a gender-neutral compensation structure; and organizational policies on parental leave, sexual harassment and flexible work.
Currently, women make up 40 per cent of CIBC's executive committee members and 40 per cent of CIBC's board. On the election of director nominees at CIBC's annual meeting on April 8, 2021, CIBC's board will be 50 per cent women, with Katherine Stevenson as Chair of the Board.
In addition to advancing gender balance internally, CIBC has made several public commitments toward building a more equitable and sustainable society, supports external organizations that invest in women and provides solutions tailored to women clients which are highlighted below.
Public commitments:
Commitment to community organizations:
Commitment to clients:
In addition to the Equileap ranking, CIBC was also recently named to the Bloomberg Gender-Equality Index for the sixth consecutive year and recognized as one of Canada's Best Diversity Employers for the 11th year in a row.
More on CIBC's commitment to gender-balanced leadership can be found in the most recent Sustainability Report.
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