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TORONTO, Sept. 29, 2021 – Ahead of the National Day for Truth and Reconciliation, CIBC is announcing further commitments to support economic prosperity for Indigenous peoples in Canada under its newly launched Reconciliation Framework.
“We must proactively confront our past, and accept the truth about the injustices and systemic racism faced by Indigenous peoples in Canada to move forward,” said Victor Dodig, President and CEO, CIBC. “We remain committed to making meaningful change and supporting Indigenous communities and leaders to build a more inclusive future. Our Reconciliation Framework will play an important role in these commitments.”
CIBC’s Reconciliation Framework, which embeds reconciliation into the bank’s client-focused and human capital strategies, is supported by the bank’s Reconciliation Action Committee, co-chaired by Jaimie Lickers, Vice-President, Indigenous Markets and the Hon. Lisa Raitt, Vice-Chair, Investment Banking.
The framework aims to promote economic prosperity for Indigenous peoples in Canada through a number of programs and policies, including:
The framework also introduces new initiatives focused on fostering a workplace inclusive of Indigenous values and advancing reconciliation, including:
In addition to the above, CIBC also remains committed to investing in Indigenous communities through annual contributions of more than $1.8M supporting scholarships and partnerships like the CIBC STEM Learning Fund with Connected North. Today, CIBC announces an additional $50,000 donation to the Orange Shirt Society, an organization working to support Survivors of the residential school system in Canada.
CIBC is a leading Canadian-based global financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.
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