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Canadian Imperial Bank of Commerce (CIBC)
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Shares Issued 450,834,323
Close 2021-11-24 C$ 148.96
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Globe says Telus, others receive guide for equal hiring

2021-11-25 08:40 ET - In the News

See In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Thursday edition that almost 18 months after its launch, the Black North Initiative -- a non-profit focused on tackling anti-black systemic racism in corporate Canada -- has unveiled a detailed guide aimed at helping employers tangibly advance race-related diversity initiatives within their organizations. The Globe's Vanmala Subramaniam and Clare O'Hara write that branded as the "Racial Equity Pledge Playbook," the guide is geared toward employers that signed the Black North pledge, a series of commitments made by some of Canada's largest companies in the summer of 2020. The pledge challenged them to tackle systemic racism by hiring more black people and elevating black employees to senior leadership roles. The guide offers the first granular recommendations by the initiative on how to work toward meeting the initiative's goals. To date, close to 500 organizations, ranging from Telus, CIBC and Air Canada, to private hospitals and colleges, have signed on. Companies committed to meet seven goals by 2025. For example, participants pledged to have black leaders fill at least 3.5 per cent of executive and board roles by 2025, and hire at least a 5 per cent black student work force.

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