Canadian Imperial Bank of Commerce (CIBC)

Canada
Banks

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Canadian Imperial Bank of Commerce (CIBC) has not publicly terminated business relationships due to views or beliefs. CIBC funds abortion-related travel expenses for its American employees and requires diversity training for its employees. However, it does protect its employees from viewpoint discrimination and has not discriminated against religious organizations in its charitable giving. It has also not used its PAC contributions for ideological purposes. For these reasons, CIBC receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

CIBS has not publicly terminated business relationships due to views or beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

CIBC works with with religious charities, including St. Pius Church in Chicago (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

CIBC’s Code of Conduct includes “respect for individual political beliefs” (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

CIBC has instituted sweeping ESG reforms, including initiatives to further emphasize race in hiring and mandatory diversity training for employees (1).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

After the Supreme Court decided to overturn Roe v. Wade, CIBC announced that it would expand its benefits to cover abortion-related travel costs for its American employees (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

CIBC has not used its PAC for ideological purposes (1).

All links were last accessed and all information was updated on:
September 14, 2023

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