TORONTO, Jan. 26 /CNW/ - CIBC Mellon employees joined together with
members of the company's executive team and non-profit organization,
Evergreen, to generate ideas for future environmental sustainability
programs that will help CIBC Mellon create positive change in its
communities. During the event, CIBC Mellon also announced a
three-year, $30,000 pledge to Evergreen to support sustainability
programs across Canada. Evergreen is a national non-profit
organization dedicated to making cities more liveable.
"We continually work to build a more environmentally sustainable
business by tapping into one of our most valuable resources: our
people," said Tom Monahan, president and chief executive officer, CIBC
Mellon. "Our employees are passionate about sustainability. They
bring innovative 'green' ideas forward that benefit our company, our
clients and our environment. CIBC Mellon's partnership with Evergreen
began as a direct result of research from a team of employee volunteers
who were empowered by our corporate social responsibility committee."
"We are extremely appreciative of CIBC Mellon's support and are very
happy to be partnering with such a dynamic, forward looking
corporation. We are always inspired when community centric
organizations like CIBC Mellon keep striving and looking for new ways
to lessen their environmental impact," said Lois Lindsay, assistant
program director of Evergreen's Common Grounds program, who attended
the event. "We look forward to continuing to work with CIBC Mellon in
the years ahead."
At the event, more than 30 employees from across the company worked in
small groups to brainstorm new ways to further reduce the environmental
impacts of CIBC Mellon's operations. Participants were asked to both
think big and think pragmatically, focusing on opportunities to keep
one another and the company accountable for continued environmental
progress. They generated a range of new ideas on topics including
energy conservation, reducing material use, employee and community
education, and process enhancements. These new ideas will contribute
to the development and enhancement of green practices, policies and
projects managed by the environmental sustainability arm of CIBC
Mellon's corporate social responsibility committee.
The ideas raised during CIBC Mellon's "greenstorming" event build on the
company's 2010 sustainability successes, including:
Further reducing paper usage versus 2009 levels; CIBC Mellon's paper
usage has dropped by 35 percent from its 2007 measurement baseline;
Installing greener technology, including new servers that consume 16
percent less power.
Diverting more than 85 percent of the waste generated by CIBC Mellon's
Toronto head office from landfills.
Evergreen is a not-for-profit organization that makes cities more
livable. By deepening the connection between people and nature, and
empowering Canadians to take a hands-on approach to their urban
environments, Evergreen is improving the health of our cities—now and
for the future. Since 1991 Evergreen volunteers have dedicated some
500,000 hours at more than 2,500 stewardship and planting events in
communities across Canada.
About CIBC Mellon
CIBC Mellon recently placed No.1 in Canadian sub-custody in Global
Finance magazine's Agent Banks in Major Markets Survey. The company
also placed No.1 in four categories in Global Investor / isf magazine's
2010 Equity Lending Survey and was named the best sub-custodian in
Canada for the fourth consecutive year in the 2010 Global Finance
magazine's World's Best Sub-Custodians Survey. In addition, CIBC
Mellon was ranked as Canada's No.1 provider of global custody services
in the 2010 R&M Consultants Global Custody Survey.
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and BNY Mellon. CIBC Mellon Global Securities Services Company is a
leading provider of financial services for institutions and
corporations, providing superior asset servicing, multicurrency
accounting, information delivery, unitholder recordkeeping, securities
lending and foreign exchange services in Canada.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available
at http://photos.newswire.ca. Images are free to accredited members of the media/
SOURCE CIBC Mellon
For further information:
David Bauer, corporate affairs, CIBC Mellon - firstname.lastname@example.org, 416-643-5142
Anthony Westenberg, manager, public relations, Evergreen - email@example.com, 416-596-1495 x332