Our Environmentally Responsible Procurement Standard describes our requirements for the procurement of goods and services that may be associated with significant adverse environmental impacts. We’re committed to working with suppliers who share our level of concern for the environment and who provide a safe and respectful workplace for their employees, as supported by our CIBC Supplier Code of Conduct.
Through our supplier questionnaire, where applicable, we gather and review the following information from our suppliers:
- Environmental management systems;
- Environmental initiatives and performance pertaining to their environmental aspects;
- Environmental violations;
- Product stewardship;
- Forestry practices; and
- Third-party certifications.
As applicable, when considering a potential supplier, environmental criteria are evaluated as part of the request for proposal (RFP) and the request for information (RFI) process. Post selection of suppliers, we continue to monitor suppliers’ environmental performance as part of our overall supplier management process, including completion of our Environmentally Responsible Procurement Questionnaire for Suppliers at a minimum of once every two years.