Summary
This document is a racial equity assessment report conducted by Diversio for CIBC, focusing on the bank's employment policies and practices. The assessment aims to identify opportunities for improving support for people of colour and Indigenous employees within CIBC's workforce. It highlights the bank's commitment to racial equity, as disclosed in its 2023 Management Proxy Circular, and outlines the methodology used for the evaluation, which includes analyzing HR programs, policies, and partnerships. The report presents findings on employee demographics, engagement data, and the effectiveness of existing initiatives. It identifies notable strengths in CIBC's inclusion efforts, such as higher-than-average levels of inclusion compared to corporate Canada, while also pointing out areas for improvement, particularly regarding the representation of Indigenous and Black employees in senior leadership roles. The assessment concludes with recommendations for enhancing mentorship programs, manager accountability, inclusive hiring practices, and education on inclusion, aiming to foster a more equitable workplace.
