Skip to Content
News Releases
Selection as 2008 Climate Disclosure Leader endorses CIBC's record on the environment
CIBC is one of five low-carbon impact companies in the 15 top-scoring
    companies in Conference Board of Canada's 2008 Climate Disclosure Leader
    rankingsTORONTO, Nov. 6 /CNW/ - CIBC (CM: TSX;NYSE) is pleased to be selected for
the second year in a row as a 2008 Climate Disclosure Leader by the Conference
Board of Canada and the Carbon Disclosure Project (CDP). In the Climate
Disclosure Leader ranking exercise, fifteen top-scoring companies were
identified by a panel of judges composed of representatives from the CDP
Canada Advisory Group on the basis of the companies' superior levels of
transparency. CIBC is one of only five low-carbon impact sector companies in
the 15 company leadership group out of the 200 most valuable companies by
market capitalization listed on the Toronto Stock Exchange.
    The CDP is an independent not-for-profit organization which acts as an
intermediary between shareholders and corporations on all climate change
related issues, providing primary climate change data from the world's largest
corporations, to the global market place. The data is obtained from responses
to CDP's annual Information Request, sent on behalf of institutional investors
and purchasing organizations(1) - 385 institutions with over $57 trillion in
assets under management.
    "CIBC is committed to being an environmentally responsible organization,
as outlined in our Corporate Environmental Policy," said Robert Hughes, CIBC's
vice-president responsible for environmental risk management. "We are honoured
to be selected once again as a Climate Disclosure Leader. It shows that CIBC
continues to show leadership in the disclosure of information deemed important
by investors".
    CIBC began examining climate change issues back in 2002. These efforts
have evolved into an on-going carbon risk management program that is designed
to assess and manage the impacts - both positive and negative - of climate
change and climate change-driven regulations on our business operations and
those of our clients.

    CIBC is a leading North American financial institution with nearly
11 million personal banking and business clients. CIBC offers a full range of
products and services through its comprehensive electronic banking network,
branches and offices across Canada, in the United States and around the world.
You can find other news releases and information about CIBC in our Press
Centre on our corporate website at
For further information:
For further information: Doug Maybee, Director, External Communications
and Media Relations, CIBC, Tel: (416) 980-7458,