Canadian Imperial Bank of Commerce (CIBC)

Canada
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Canadian Imperial Bank of Commerce (CIBC) scored a 90 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Canadian Imperial Bank of Commerce (CIBC) increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. CIBC provides a benefits package for employees which covers travel/lodging costs for an abortion. CIBC likely requires employees to attend multiple ideological trainings, including on divisive racial ideology. The company has instituted initiatives to emphasize race in hiring. For these reasons, CIBC receives a High Risk rating.

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/4/24GovernanceMÉDACDisclose Compensation RatioAgainstN/A
4/4/24GovernanceVCIMDisclose disclose the CEO-compensation-to-median-employee-pay-ratio on an annual basisAgainstN/A
4/4/24EnvironmentalInvestNowFinancing of the Canadian Oil and Gas SectorAgainstN/A
4/4/24GovernanceMÉDACAUM's Moved to be held in personAgainstN/A
4/4/23EnvironmentalSay on ClimateAgainst15.75%
4/4/23EnvironmentalFinancing of the Canadian Oil and Gas SectorAgainst0.87%
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