CIBC announces women in leadership social bond framework in Canada

By Sarah Lizee

Olympia, Wash., Sept. 12 – CIBC announced Canada's first social bond framework focused on corporations with a demonstrated commitment to women in leadership roles.

Bonds offered under the new framework support CIBC's corporate lending to companies where a minimum of 30% of the board or executive positions are held by women, or that are signatories of the Catalyst Accord 2022.

In addition, all companies included must have a minimum of one woman on the board and one woman in an executive position, according to a press release.

“This new social bond framework focused on gender diversity will bring a new investment option to the institutional bond market, reflecting the growing demand among clients for socially responsible investments,” Susan Rimmer, managing director and head of global corporate banking for CIBC Capital Markets, said in the release.

“A social bond focused on women in leadership roles sends a clear signal about the importance of gender diversity as a business imperative.”

CIBC is a Toronto-based financial services company.

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