Vice-Chair, CIBC Wholesale BankingDon is the only Vice Chair at a financial institution whose primary mandate is to develop a renewable energy and clean tech practice. In 2009, Don took a year-long sabbatical in order to identify opportunities for CIBC in these sectors, and to design and guide the national future "Bio-pathways Project".
Since 2009, CIBC has arranged over $1.5 billion in equity financings and advised on the purchase/sale of over $10 billion in assets for companies in the Renewable Energy and Clean Technology space. During the past 12 months alone, CIBC has lent approximately $600 million of its own capital to finance specific projects generating electricity from wind, hydro, geothermal, landfill gas, biomass, clean natural gas and transmitting renewable power. The Bank is now one of the top arrangers for renewable power project finance in Canada. To provide focus in the Clean Tech segment, CIBC is emphasizing four specific areas: Energy Efficiency, Waste-to-Energy, Green Chemistry and Water. Last year CIBC co-led the largest Clean Tech IPO on the TSX, and is active in performing private placements.
Vice President of Corporate Citizenship, Royal Bank of CanadaShari leads the corporate responsibility, donations and environmental affairs functions on a global basis. During her tenure, RBC has launched its first Environmental Blueprint (a statement of environmental policies and objectives), the Blue Water Project (a $50 million ten year commitment to watershed conservation and clean drinking water), and more rigorous environmental and social due diligence processes in RBC's business activities.
Chief Environment Officer, TD Bank GroupKaren's mission is to embed the environment into TD's core business strategy. TD was the first North American based-bank to be carbon neutral by radically reducing energy usage, procuring 50 per cent of its electricity from renewable sources and developing locally-based carbon offsets. Learnings from this program were leveraged to develop innovative green financing products and to enhance employee engagement. Jantzi Sustainalytics has rated TD as the top environmental performer in the North American banking sector for the past two years.
CEO, SustainalyticsMichael has been active in the responsible investment field since the early 1990s. He helped to pioneer the socially responsible investment industry in Canada and has become known globally as an accessible, fair-minded industry leader whose peers often seek his counsel. Sustainalytics helped to develop the S&P/TSX Clean Technology Index which launched in March 2010. The index measures the performance of companies on the TSX whose core business is in the development and deployment of green technologies. It is a comprehensive index of Canadian companies focused on addressing environmental issues such as climate change. Michael also helped to develop the Global ESG Leaders Index family with STOXX Limited. These new equity indices are fully transparent with components selected based on a comprehensive set of sustainability ratings. As a result, investors can make well informed choices.