Underscores CIBC Asset Management's commitment to responsible
investing and risk assessment
TORONTO, Nov. 22, 2017 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) -- CIBC Asset Management Inc. today announced it has
become a signatory of the United Nations-supported Principles for
Responsible Investment (PRI).
The PRI is the world's leading proponent of responsible
investment, bringing together a global network of asset owners,
investment managers and service providers. They are committed to
integrating environmental, social and governance (ESG) factors into
their investment practices, analysis and decision-making
processes.
"By becoming a part of this important global initiative, we
reinforce and further our dedication to responsible investing and
the application of ESG principles to our everyday investing
decisions," says David Scandiffio,
President and CEO, CIBC Asset Management. "CIBC already stands by
and supports these principles, so we are pleased to advance our
commitment and implement the principles of the PRI across all of
our investment classes. Our goal is to manage risk and deliver
returns for our clients. That's why thorough risk assessment,
including an analysis of ESG factors, is fundamental to our
approach to investing responsibly."
As an example of CIBC Asset Management's commitment to the
principles of ESG, the firm's analysts will explicitly incorporate
sector-specific ESG ratings alongside all fundamental ratings for
holdings, further strengthening investment decisions on behalf of
retail and institutional clients. A similar standardized ESG
analysis will be applied to the process for selection of
sub-advisors for CIBC Asset Management's investment solutions.
CIBC is also a Sustaining Member of the Responsible Investment
Association of Canada, and CIBC
Wood Gundy is an Associate Member.
"It's a pleasure to welcome CIBC Asset Management to the PRI,"
said PRI managing director Fiona
Reynolds. "Their commitment to using ESG factors to
enhance returns is a model that we hope other managers will
emulate."
About CIBC Asset Management
CIBC Asset Management
Inc., the asset management subsidiary of CIBC, provides a range of
high-quality investment management services and solutions to retail
and institutional investors. Offerings include: a comprehensive
platform of mutual funds, strategically managed portfolio
solutions, discretionary investment management services for
high-net-worth individuals and portfolio management for
institutional clients. CIBC Asset Management Inc. is one of
Canada's largest asset management
firms, with over $125 billion in
assets under management as of September 30,
2017.
About CIBC
CIBC is a leading Canadian-based global
financial institution with 11 million personal banking, business,
public sector and institutional clients. Across Personal and Small
Business Banking, Commercial Banking and Wealth Management, and
Capital Markets businesses, CIBC offers a full range of advice,
solutions and services through its leading digital banking network,
and locations across Canada, in the United
States and around the world. Ongoing news releases and more
information about CIBC can be found
at www.cibc.com/en/about-cibc/media-centre.html.
About the PRI
The UN-supported Principles for
Responsible Investment (PRI) is the world's leading initiative on
responsible investment. The six Principles for Responsible
Investment are a voluntary 14 and aspirational set of investment
principles for incorporating environmental, social and governance
issues into investment practices. In implementing the principles,
signatories contribute to developing a more sustainable global
financial system. The principles have signatories including asset
owners, investment managers and service providers from over 50
countries. Visit www.unpri.org and follow @PRI_News.
This document is provided for general informational purposes
only and does not constitute financial, investment, tax, legal or
accounting advice nor does it constitute an offer or solicitation
to buy or sell any securities referred to. Individual circumstances
and current events are critical to sound investment planning;
anyone wishing to act on this document should consult with his or
her advisor. The information contained in this document has been
obtained from sources believed to be reliable and is believed to be
accurate at the time of publishing, but we do not represent that it
is accurate or complete and it should not be relied upon as such.
All opinions and estimates expressed in this document are as of the
date of publication unless otherwise indicated, and are subject to
change. Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the simplified prospectus before investing. Mutual funds are
not guaranteed, their values change frequently and past performance
may not be repeated.
®CIBC Asset Management and the CIBC logo are registered
trademarks of Canadian Imperial Bank of Commerce (CIBC), used under
license.
The material and/or its contents may not be reproduced without
the express written consent of CIBC Asset Management Inc.
SOURCE CIBC