Canadian Imperial Bank of Commerce (CIBC)
Corporate Bias Rating
Expand Summary
Risk Level:
Summary:
Canadian Imperial Bank of Commerce (CIBC) scored a 90 out of 100 on the 2023-2024 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. 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. The company's President and CEO signed Catalyst's Champions for Change pledge. CIBC likely requires employees to attend multiple ideological trainings, including on divisive racial ideology. The company has instituted initiatives to emphasize race in hiring. CIBC’s former CEO, Mike Capatides, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, CIBC receives a High Risk rating.
View Full Corporate Bias Ratings ReportShareholder Proposals
Expand Summary
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 4/4/24 | Governance | MÉDAC | Country-level Renumeration Ratios | Against | 11.71% |
| 4/4/24 | Governance | VCIM | Disclose the CEO-compensation-to-median-employee-pay-ratio on an annual basis | Against | 9.66% |
| 4/4/24 | Environmental | InvestNow | Financing of the Canadian Oil and Gas Sector | Against | 0.65% |
| 4/4/24 | Governance | MÉDAC | AUM's Moved to be held in person | Against | 52.89% |
| 4/4/23 | Environmental | Say on Climate | Against | 15.75% | |
| 4/4/23 | Environmental | Financing of the Canadian Oil and Gas Sector | Against | 0.87% |
In the News
Expand Summary