Environmental, Social and Governance

Read our 2023 ESG 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 evolution of corporate social responsibility into a more robust framework that can be used to examine the holistic impact of businesses. It ensures that the core business strategy is complimented by ESG topics. 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, increases our top line growth, reduces our operating costs, maximises team productivity and reduces risks to our business.


Our ESG agenda at CIBC Caribbean simultaneously adds value to our business and ensures that we are managing 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:

Accelerating Climate Action

Building Integrity & Trust

Creating Access to Opportunities


Accelerating Climate Action - 

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

We operate in a region which 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 partnering with clients to support energy efficiency (EE) and renewable energy transition (RE) by providing clients with sustainable financing and advisory services. We are refining our own operations by reducing our carbon footprint and improving our resource management.

Building Integrity & Trust - 

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

 

We have been granted the trust of all our stakeholders: clients, team and shareholders. As a financial institution, we continue to comply with regulatory requirements. Adherence to our Code of Conduct ensures that we are 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.

We have been given a social licence to operate by the people in the communities we serve. As a result, we want to ensure that we are removing any barriers to access banking services. Where there are barriers to employment, we want to educate so that these too can be removed, all while creating opportunities for our own people and establishing ourselves as an inclusive employer. We want to continue the philanthropy and volunteerism for which we are known throughout the region.


Our 2023 ESG Report is now available

Read it here

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