CIBC is taking a major step towards preserving Canada's boreal forest by switching its office paper supply to FSC-certified paper. This includes copy, printer and fax office paper, and also client statements, statement envelopes, ABM envelopes, and annual reports. CIBC also has cut its office paper purchases by 22 per cent since 2004 by implementing environmental best practices.
On April 1, CIBC switched its office copy, printer, and fax paper to FSC-certified stock, equivalent to approximately 365 million sheets a year, across its Canadian operations.
Annually, CIBC is transitioning to FSC-certified stock:
- 203 million sheets of client account statement paper
- 116 million statement envelopes
- 76 million ABM envelopes
CIBC has printed its annual report on FSC-certified paper since 2006.
FSC is an international certification and labeling system that guarantees that purchased forest products come from responsibly managed forests. Under FSC certification, forests are certified against a set of strict environmental and social standards, and fibre from certified forests is tracked all the way to the consumer through the chain of custody certification system. The end result is products in the marketplace carrying the FSC logo.
FSC certification helps protect the long-term health of boreal forests found in Canada, Russia, United States, and Scandinavia. Canada's boreal forest, which covers more than one-third of our landmass, is the largest intact forest remaining on the planet, rivaling the Amazon in size and ecological importance. It stores twice as much carbon per acre as tropical rainforests, helping to mitigate the effects of climate change.
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