Environmental, Social and Governance

2024 Sustainability report

Environmental, Social and Governance (ESG) 

Environmental, Social and Governance (ESG) may be a relatively new term in the Caribbean, but it builds on vocabulary that has existed for a long time. It is the monitoring and examination of factors that can  affect the success of businesses over time. When the core business strategy is complimented by ESG topics the value of the business can be increased. Deepening our understanding of the interconnectivity behind the physical environments in which we operate and the natural and human capital we and our clients depend on to do business, has the potential to increase our top line growth, reduce our operating costs, maximise team productivity and reduce risks to our business.


At CIBC Caribbean we leverage ESG to simultaneously add value to our business and manage the risks which may arise across these topics. Our ESG strategy aligns with our strategic priorities and is built on three pillars which keep our clients at the centre of our activities and future-proof our bank:

✓ Building Integrity & Trust

✓ Creating Access to Opportunities

✓ Accelerating Climate Action


Building Integrity & Trust - 

We act with integrity and transparency to maintain the trust that clients have placed in us.

Our stakeholders: clients, team members and shareholders have granted us their trust. To uphold this trust, as a financial institution, we continue to comply with regulatory requirements. Requiring adherence to our Code of Conduct is our primary means of  holding ourselves accountable as we do business; and our Whistleblower program is an independent mechanism for reporting contraventions.

Creating Access to Opportunities - 

We partner to build equitable and resilient communities, where ambitions are more attainable for all.

The people in our communities have given us a social licence to operate. As a result, we are working to remove  barriers to accessing banking services. Where there are barriers to employment, we seek to educate, so that these too can be removed, all while creating opportunities for our own people and aiming to establish ourselves as an inclusive employer. We are and want to continue to be known across the region for philanthropy and volunteerism.

Accelerating Climate Action - 

We support solutions to address climate change to help transition to a sustainable, low carbon future.

Our region is increasingly vulnerable to the effects of climate change: from natural disasters to changing weather patterns. As we aim to grow our share of wallet with our existing clients and attract new clients, we are providing our clients with sustainable financing and advisory services as they seek to improve energy efficiency and adopt renewable energy. We are refining our own operations by working to reduce our carbon footprint and improve our resource management.


Our 2024 Sustainability Report is now available

Read it here

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