The statement demonstrates that CIBC World Markets is addressing human rights risks such as modern slavery and human trafficking, which falls under labor relations and human rights practices. This proactive measure earns a moderately positive score, though the lack of detailed implementation diminishes its impact.

Modern Slavery and Human Trafficking Statement (Form 6-K)

The document also details the company's proactive approach to Supply Chain Ethics, emphasizing strict third-party risk management, supplier code of conduct, and ongoing monitoring. These practices help ensure that suppliers adhere to acceptable labor standards and human rights practices, thereby minimizing risks of forced or child labour in the supply chain.

Modern Slavery and Human Trafficking Statement

The document also details stringent supply chain due diligence practices, including third-party risk assessments and a robust supplier code of conduct, ensuring that ethical standards and human rights are maintained throughout its procurement processes.

Modern Slavery and Human Trafficking Statement

The reported political contributions and lobbying expenditures indicate that the organization is actively involved in influencing political processes. From an anti-fascist perspective, such financial engagements are worrisome as they can bolster actors whose policies may erode democratic norms. The amounts, while not extremely high, reflect a willingness to invest in political influence that may indirectly support authoritarian practices.

Canadian Imperial Bank of Commerce Profile: Summary

The lobbying summary demonstrates that CIBC World Markets (via its parent or associated subsidiaries) is involved in political lobbying efforts. By exerting influence over a wide range of policy areas—from banking regulations and privacy laws to labor and natural resource policies—this behavior potentially supports a framework that favors corporate interests over public welfare. Such practices can contribute to a form of regulatory capture that aligns with authoritarian shifts, thereby lowering democratic accountability.

12-Month Lobbying Summary - Lobbyists Registration

The allegations in the class action point to the misclassification of employees and failure to pay overtime wages—a violation of labor rights. This behavior demonstrates disregard for fair labor practices typical of exploitative corporate behavior. In an environment where corporate actions can feed into broader authoritarian and late-stage capitalist trends, such exploitation not only harms workers but also undermines democratic and social equity.

CIBC and CIBC World Markets Overtime Class Action

The lawsuit alleges that CIBC World Markets created an environment where employees, including investment advisors and analysts, were expected to work excessively long hours without proper overtime compensation. This failure to adhere to labor standards undermines workers’ rights and represents a neglect of ethical labor practices. Such exploitation contributes to broader authoritarian economic practices by prioritizing profit over employee welfare.

CIBC World Markets advisors seek overtime pay