TORONTO, April 29 /CNW/ - Today, CIBC Mellon released its third annual
corporate social responsibility (CSR) review: "Doing Well By Doing
"We are committed to doing well by doing right," said Tom Monahan,
president and chief executive officer, CIBC Mellon. "I am proud of our
performance in 2010 as a company, as a corporate citizen, and as an
organization committed to taking responsibility for the impact of our
actions on our stakeholders."
CIBC Mellon's 2010 CSR review provides an overview of the company's CSR
program, its 2010 achievements and its 2011 objectives. The document
focuses on the company's efforts and achievements in five key areas:
community, environmental sustainability, governance and ethics, clients
and products, and employees.
CIBC Mellon's 2010 CSR successes include:
Contributing more than $800,000 to more than 130 not-for-profit
Supporting employees in volunteering more than 5,800 hours of
fundraising and volunteering.
Quadrupling the number of volunteering events during business hours:
more than 150 employees supported a variety of registered charities at
Decreasing paper usage levels to 35 per cent below the company's
baseline 2007 year.
"We are passionate about making a positive difference in the communities
where we live and work," said Tim Rourke, vice president, relationship
management and chair of CIBC Mellon's CSR committee. "Our CSR program
helps us motivate our employees, serve our clients more effectively,
reduce our environmental impacts and ensure the highest standards
across our organization at all times."
Visit www.cibcmellon.com/csr to learn more about CSR at CIBC Mellon or to download a copy of "Doing
Well By Doing Right."
Note: In keeping with the company's environmental sustainability
commitment, 80 per cent of our 2010 CSR review distribution will be
About CIBC Mellon
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and BNY Mellon. CIBC Mellon is a leading provider of financial
services for institutions and corporations, providing superior asset
and investment servicing, multicurrency accounting, information
delivery, unitholder recordkeeping and securities lending services in
Canada. CIBC Mellon is part of BNY Mellon, which has US$25.5 trillion
in assets under custody and administration and more than $1.2 trillion
in assets under management.
SOURCE CIBC Mellon
For further information:
Contact: David Bauer, corporate affairs, 416-643-5142