Named to the Dow Jones Sustainability World Index for eighth year in a
TORONTO, Sept. 15 /CNW/ - CIBC (CM: TSX; NYSE) is pleased to announce that for the eighth consecutive year the bank has been selected as a member of the Dow Jones Sustainability World Index (DJSI). The DJSI identifies leading companies for investment by assessing the quality of a company's strategy, management and performance in dealing with opportunities and risks derived from economic, environmental and social developments.
CIBC is one of 25 financial institutions from around the world and one of only 11 Canadian companies who met the World Index's rigorous criteria for inclusion on the list of 317 components for 2009.
CIBC is also included in the DJSI North American Index and has been a member of this index since its inception in 2005.
In addition, CIBC received confirmation recently of its continued inclusion for the ninth consecutive year in the FTSE4Good index which measures the performance of companies that meet globally recognized corporate responsibility standards. CIBC was also named as one of this year's Best 50 Corporate Citizens by Corporate Knights.
In 2008, CIBC was recognized by several other prominent lists and indices
for its sustainability and corporate social responsibility practices,
- Jantzi Social Index - CIBC has been a member since the inception of
this index in 2000;
- Carbon Disclosure Project - CIBC was selected as a Climate Disclosure
Leader by the Conference Board of Canada, based on the quality and
transparency of our climate change disclosure;
- Governance Metrics International - CIBC scored among the highest in
the global banking sector for corporate governance quality.
For further information: For further information: Mary Lou Frazer, Communications and Public Affairs, (416) 980-4111