CIBC Mellon's commitment to integrating, implementing and promoting socially responsible behaviour helps it respond to emerging expectations from current and prospective clients and employees.
TORONTO, Feb. 17, 2016 /CNW/ - CIBC Mellon today announced the successful completion of its project to affirm that its corporate policies, practices and standards are in alignment with the definitions, principles and practices outlined in the ISO 26000 standard for organizational social responsibility. ISO 26000 guidance provides a holistic approach across seven core areas: organizational governance; human rights; labour practices; the environment; fair operating practices; consumer issues; and community involvement and development. CIBC Mellon is committed to doing well by doing right, and is proud to integrate, implement and promote socially responsible behaviour throughout the company and within its sphere of influence.
"We are pleased and proud to affirm CIBC Mellon's alignment to the ISO 26000 international social responsibility standard," said Albert Dell'Apa, Vice President and Chief Compliance Officer. "We recognize the importance of our business to the smooth operation of Canada's capital markets, and as such we are committed to doing business at the highest standards of ethics, good governance and integrity at all times."
"We believe in doing well by doing right, creating a great environment for employees to thrive, reducing environmental impacts, and making a positive difference in the communities where we work and live," said Stacey Harris, Human Resources Corporate Programs Manager and Vice-chair of CIBC Mellon's Corporate Social Responsibility Steering Committee. "Through our employee-driven corporate social responsibility program, we directly engage CIBC Mellon employees in fostering responsibility throughout our organization and our sphere of influence."
Through its governance, employee engagement and corporate social responsibility efforts, CIBC Mellon has achieved numerous successes and milestones, including:
- Earning several awards for the creation of a great employee experience, including being named one of the Achievers® 50 Most Engaged Workplaces in North America and winning the 2015 Canadian HR Award for "Best Reward and Recognition Strategy."
- Building an engaging, employee-driven volunteer program. Over the company's 2015 fiscal year, 74 per cent of CIBC Mellon employees took advantage of paid time off for volunteering – up from less than five per cent in 2011. CIBC Mellon's volunteering program was highly commended in the "social responsibility project of the year" category in the 2015 Employee Engagement Awards.
- Implementing a formal environmental sustainability policy and reducing overall paper usage by 35 per cent from its 2007 baseline amid substantial business growth; over the same period CIBC Mellon reduced the intensity of paper usage (number of pages printed to service $1 million in client assets) by more than 50 per cent. CIBC Mellon uses sustainably-sourced paper and recognizes paper as a renewable resource.
- Consistent 100 per cent employee participation in Code of Conduct training.
- Leveraging and promoting BNY Mellon social finance offerings, enabling CIBC Mellon custody and accounting clients to access solutions such as investment screening and reporting for environmental, social and governance factors.
To learn more about corporate social responsibility at CIBC Mellon, visit www.cibcmellon.com/csr
About ISO 26000:2010
ISO 26000 provides guidance on how businesses and organizations can operate in a socially responsible and ethical manner and make positive contributions to the health and welfare of the communities where they operate. ISO 26000 guidance provides a holistic approach across seven core areas: organizational governance; human rights; labour practices; the environment; fair operating practices; consumer issues; and community involvement and development. The ISO 26000 standard was launched in 2010 following five years of negotiations between many different stakeholders across the world. Representatives from government, NGOs, industry, consumer groups and labour organizations around the world were involved in its development, which means it represents an international consensus.
To learn more, visit http://www.iso.org/iso/home/standards/iso26000.htm
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services. As at December 31, 2015, CIBC Mellon had more than C$1.6 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at December 31, 2015 had US$28.9 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
For more information, visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
SOURCE CIBC Mellon
For further information: Brent Merriman, Corporate Communications, CIBC Mellon, 416-643-5065, firstname.lastname@example.org.