Paper supply is now 94 per cent Forest Stewardship Council certified,
which supports sustainable forestry practices and helps to preserve
Canada's boreal forest
TORONTO, June 1, 2012 /CNW/ - CIBC continues its efforts to help
preserve Canada's boreal forest through its purchase of FSC-certified
paper, increasing CIBC's total FSC-certified stock to 94 per cent.
In 2008, CIBC made a commitment to switch its office paper supply and
migrate other paper supplies to FSC-certified stock. This includes
printer paper, client statements, forms, cheques, envelopes and
commercial printing. In 2012, CIBC extended the commitment to the
purchase of wood products used in corporate office furniture systems.
"CIBC is committed to being an environmentally responsible
organization," said Barclay Cornell, CIBC's Senior Vice-President
responsible for Procurement and Sourcing. "Our commitment to source FSC
paper and other FSC-certified products further demonstrates the
effectiveness of our Environmentally Responsible Procurement Standard,
as well as proof of our efforts to support sustainable forestry
"We congratulate CIBC on their continued commitment to purchase
FSC-certified products," said Chris McDonell, Co-Chair FSC Canada,
Board of Directors. "By choosing FSC-certified paper and other
FSC-certified wood products, CIBC continues on a path to reduce their
corporate environmental footprint."
CIBC has also extended its efforts to reduce overall paper consumption.
This includes helping clients' select paperless banking options
including record keeping, pre-authorized bill payment, online
transfers, direct deposit programs and telephone and online banking.
In 2011, CIBC launched an eAdvantage Savings Account, designed for clients looking to access and manage all aspects of their
savings account online, including record keeping.
FSC is an international certification and labeling system that
guarantees that purchased forest products come from responsibly managed
forests. Under FSC certification, forests are certified against a set
of strict environmental and social standards, and fibre from certified
forests is tracked all the way to the consumer through the chain of
custody certification system. The end result is products in the
marketplace carrying the FSC logo.
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, and has offices 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
For further information:
Sean Hamilton, Director, External Communications and Media Relations: (416) 304-8456 or email@example.com