CIBC: How Do Banks Adapt to Changes?

There are always going to be challenges when adapting to legal and ethical responsibilities. One company that I believe has done a very good job of adapting is CIBC. Several banks that I researched had very comprehensive systems in place, but for the sake of keeping this short I will only reference CIBC.

CIBC releases an annual report that documents the changes that they have made, or are in the process of making, in regards to social responsibility (which is a component of business ethics.) They have also released a Public Accountability Statement, which details their "economic, environmental, social and governance commitments to our communities where we do business"

The report, itself, demonstrates how they are adapting to legal and ethical changes because these reports are required under Canada's Bank Act. Below I have listed several charters and initiatives that CIBC participates in and adheres to:

• Canada Green Building Council 
• Canadian Chamber of Commerce
• Carbon Disclosure Project
• Public Policy Reform
• Universal Declaration of Human Rights 

The website has has a great deal of information, so I would highly recommend that you read through it. Their corporate website is linked below.

https://www.cibc.com/ca/corporate-report/index.html