We integrate these practices into our core business activities through the principles of our environmental policy in the areas of: stakeholder engagement, communication and reporting, compliance, procurement, facilities management, credit and investment risk management, products and services, and continuous improvement.
Policy implementation is the responsibility of the Environmental Risk Management group. This group engages with the bank's businesses and functional groups to facilitate policy and program implementation and best practices across the firm. This group also maintains an Environmental Management System that acts as the framework for the implementation of environmental policy requirements, including setting objectives and targets, monitoring progress, and striving for continuous improvement. In support of the CIBC Corporate Environmental Policy requirements, CIBC has developed further requirements within its Environmentally Responsible Procurement Standard and the Environmental and Social Credit Risk Management Standards and Procedures.
An Environmental Management Committee that includes senior-level executives from across the bank is in place to provide input on environmental strategy and oversight of CIBC's environmental initiatives. The committee is responsible for helping to facilitate the co-ordination and implementation of environmental performance priorities across the bank.