Mr. Tom Wallis reports

CIBC BECOMES A REGISTERED OBSERVER OF GREEN BOND PRINCIPLES

CIBC World Markets Inc., the wholesale banking arm of Canadian Imperial Bank of Commerce, has become a registered observer of the green bond principles, a set of voluntary guidelines designed to promote integrity in the green bond market where capital is raised to finance projects with environmental benefits.

Launched earlier this year by the International Capital Markets Association, the GBP initiative provides transparency and disclosure guidance for bond issuers and underwriters when launching green offerings. It is also designed to ensure investors have the information necessary to evaluate the environmental impact of green bond investment opportunities -- from how projects financed from green bonds are evaluated and selected to how bond proceeds are used and monitored.

"The green bond market is growing at a tremendous pace, with global issuance for the first half of 2014 reaching approximately $20-billion, almost double the total for last year," said Susan Rimmer, managing director and head of debt underwriting for CIBC's corporate and financial institution clients. "As green bonds increase in popularity among issuers and investors, confidence in the market is essential to ensuring that funding continues to grow and be available for credible projects. We are pleased to support this effort with our clients and industry partners."

Ms. Rimmer added that CIBC's support for the GBP initiative underscores the bank's commitment to financing new and innovative projects that contribute to cleaner, alternative or renewable energy supplies, including biogas, biomass, district energy systems, hydroelectric, geothermal, solar and wind.