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Canadian banks in the community d pershad 2012

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Highlights of the top 6 Canadian banks’ community commitments in 2011.

Highlights of the top 6 Canadian banks’ community commitments in 2011.

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  • 1. October 2012 1
  • 2. Contents• Setting the context• Focus on the top 6 Canadian banks• Highlights of each bank’s community commitments• Conclusion• Appendix 2
  • 3. Canadian Banks have a significant presence in the community.The total banking sectoremploys over 274,000 peoplein Canada, and another104,000 abroad.The majority of theseemployees work for the top6 banks. 3
  • 4. Together, the top 6 bankscontributed over Employee Volunteerism$323 million in 2011, tocommunity commitmentsof various types. Education Support for the ArtsEach bank has its own areasof focus in terms of social andcommunity commitments. YouthHowever, as would beexpected, there are common Local Community Eventsareas of commitment as well. Health 4
  • 5. The focus of thisoverview is the top6 Canadian banks.The banks are presented inalphabetical order.Highlights for each bank areshown in terms of:• Each bank’s community mission and areas of focus• Highlights of major initiatives and activities 5
  • 6. Bank of Montreal 6
  • 7. A Broad Diversity of Charitable InitiativesKey areas of focus include:• Donations• Disaster relief• Sponsorships• Support of employee volunteer activities 7
  • 8. DonationsDonationsContributions cover education, health,arts and culture, communitydevelopment, sports, and more.Recent examples include:• $500M to support Education and Youth Engagement in Creative Innovation at the Science World in Vancouver (2012)• A $200,000 contribution to the Equity Through Education program by BMO Capital Markets (via the Financial Women’s Association NY – 2011) 8
  • 9. Disaster ReliefHighlights• Support for victims of natural disasters through corporate giving and employee-matched donations• Waiving of fees or charges for sending drafts or fund transfers for a specified period• Accepting donations at all branches• Support of fundraising appeals by organizations such as the Red Cross 9
  • 10. SponsorshipsSponsorships are selected basedon community impact and socialbenefit. Examples of sponsorshipsinclude:• Calgary Stampede• BMO Vancouver Marathon• BMO Nations’ Cup and Equestrian Sport• Kids Help Phone• Soccer• Stratford Shakespeare Festival 10
  • 11. Employee ActivitiesEmployee volunteer activities takeadvantage of:The Volunteer Grants Program• Supporting employee volunteer activitiesThe Matching Gifts Program• Matching employee donations towards higher educationBMO Volunteer Day• Supporting employee volunteer work across North America (June 7 2012) 11
  • 12. BMO Harris Bank InitiativesThe many community initiatives inthe U.S. include:• Financial Literacy in the U.S. – 2011 launch of a new financial education program, Helping Make Money Make Sense• A founding sponsor of Money Smart Week, an annual series of free classes and activities for Chicago - area consumers• Financial support for the DuPage Habitat charity complemented by BMO employees’ volunteer home building work 12
  • 13. Canadian Imperial Bank of Commerce 13
  • 14. Key Community Priorities• Supporting the charitable and not-for-profit sector in Canada• Linking the Bank’s community investment program to tangible community need• Enabling employees to contribute• Understanding and measuring the impact of community giving• Meeting or exceeding the 1% benchmark for corporate giving established by Imagine Canada 14
  • 15. Kids, Cures, and CommunityCommunity efforts focus on:• Kids - Education, life skills, health, and mentoring• Cures - A major focus on breast cancer research• Community - Support through the United Way campaign, and for aboriginal and multicultural communities 15
  • 16. Kids – CIBC Youthvision Scholarship ProgramGoal• Provide kids with access to financial support, internships and strong mentoring relationships, to help them achieve their full potential 16
  • 17. Kids – CIBC Children’s FoundationGoals• Improve the quality of life for children in need in the communities served by CIBC Wholesale Banking and CIBC Wood Gundy• Help prepare Canadian children for future success• Build awareness of the Foundations commitment• Encourage employees’ volunteerism and community engagement 17
  • 18. Kids – CIBC Miracle DayCIBC Miracle Day• Occurs every December• Wholesale banking employees and participating CIBC Wood Gundy Investment Advisors donate their fees and commissions to the CIBC Children’s Foundation• The Foundation’s grants help more than 450 children’s charities across Canada 18
  • 19. Cures – Run for the Cure• A commitment to supporting breast cancer research, education and awareness through the Canadian Breast Cancer Foundation CIBC Run for the Cure• CIBC Education Awards valued at $10,000 each awarded to the top 10 student fundraisers nationally• CIBC received the Canadian Breast Cancer Foundation’s 25th Anniversary Outstanding Commitment Award 19
  • 20. Community – Employee VolunteerismKey initiatives:CIBC United Way Campaign• CIBC and its employees contributed more than $7.9 million to the United Way in 2011CIBC Employee as AmbassadorProgram• Supports the local community initiatives that employees are personally committed to 20
  • 21. Community – Aboriginal CommunitiesKey initiatives:Support of aboriginal communities• $100,000 awarded annually for scholarships and bursaries to First Nations, Inuit and Métis students through the National Aboriginal Achievement Foundation• CIBC Miracle Day funding helped Canadian Feed the Children provide over 195,000 snacks and meals to more than 6,200 aboriginal children in 2011 21
  • 22. Community – Multicultural CommunitiesKey initiatives:Support of multiculturalcommunities• Lead sponsorship of the 2015 Pan Am and Parapan Am Games, to be held in the Greater Toronto• Supporting cricket in Canada In the summer of 2011• Sponsorship of the 2011 International Indian Film Academy celebrations 22
  • 23. National Bank 23
  • 24. Helping Through GivingKey areas of commitment:• Health• Sports and Athletics• Education• Arts and Culture• Community Giving• Urgent Needs & Volunteerism 24
  • 25. Health – Support for FacilitiesKey initiatives• Largest donation in National Bank history ($8 million), to support construction of two state-of-the- art hospital centres: - Fondation du Centre hospitalier de l’Université de Montréal (CHUM) - The McGill University Health Centre Foundation (MUHC) 25
  • 26. Health – Equipment and ResearchKey initiatives• Mount Sinai Hospital (Toronto) Support of the purchase of specialized equipment for diagnosing complications during pregnancies• CANFAR (Toronto, Ontario; 2011- 2013) Support AIDS research and awareness-raising activities 26
  • 27. SportsPartnerships and support• Montreal Canadiens (Montreal, Quebec) – Major partner• Montreal Impact (Montreal, Quebec) Major partner of Montreal’s professional soccer team - Making soccer more accessible to elementary school children• Quebec Foundation for Athletic Excellence (Quebec) Supporting young athletes in achieving their dreams by granting some 25 bursaries to promising student-athletes 27
  • 28. EducationDonations• Collège universitaire de Saint- Boniface (Saint-Boniface, Manitoba)• Mount Royal University (Calgary, Alberta) - Financial support to students in Nursing and Business Administration programs• Children’s Aid Foundation (Toronto, Ontario) Assisting struggling young adults in their return to school arts and culture 28
  • 29. Arts and CulturePartnerships & support• L’Étoile Banque Nationale (Brossard, Quebec) Partnership with the concert venue at the Quartier Dix30 shopping and entertainment complex• Palais Montcalm (Quebec City, Quebec) Major partner of the Palais Montcalm since 2007• Luminato (Toronto, Ontario) Supporting art, culture and creativity in Toronto as a presenter of the Canadian Songbook and the free opening concert, National Bank First Night 29
  • 30. Community GivingCommunity outreach• Fondation Tel-jeunes (Quebec) Psychological assistance by telephone to young people experiencing problems and their parents• Grands Ballets Canadiens de Montréal (Montreal, Quebec) – Support for the Nutcracker Fund for disadvantaged children• West Island Community Shares (Montréal, Québec) - Support for local community organizations whose mission is to assist people in need 30
  • 31. Meeting Urgent Needs, and VolunteerismHighlights• 2011 Fund-raising campaign with the Canadian Red Cross for victims of flooding in Quebec, Manitoba, and Western Canada, including deferment of loan payments• 2011 fundraising campaigns organized to help the earthquake victims in Japan and the drought victims in the African Horn• Ongoing employee involvement in local community events, as well as support for the United Way/ Centraide campaign 31
  • 32. RBC Royal Bank 32
  • 33. RBC Royal Bank: Donations and SponsorshipsDonations and sponsorships are thecornerstones of RBC’s communityapproach.Areas of focus:• Health and wellness• Education• Environment• Arts and culture• Diversity• Amateur sports• Social services and civic causes 33
  • 34. Health and WellnessRBC Children’s Mental Health Project• Donated almost $3.5 million to 109 organizations across Canada, and launched a public awareness campaign to inspire and enable employees and clients to learn more about children’s mental health 34
  • 35. EducationRBC After-School Grants Project• Donated over $2.6 million to 99 community-based organizations that provide children with a safe place to go after school, where they can develop social skills and self-esteem 35
  • 36. EnvironmentRBC Blue Water Project™(A global cause)• Donated $7.6 million to organizations working to protect water, and supported conferences, events and reports that promote the importance of water to people, business and the planet 36
  • 37. Arts and CultureRBC Emerging Artists Project• Donated over $2.4 million to apprenticeships, internships and artist recognition programs at 114 agencies in 38 cities across Canada, and expanded support of emerging artists beyond Canada to include the United Kingdom, the U.S. and the Caribbean 37
  • 38. DiversityDiversity• Donations of almost $5.7 million to community initiatives that help promote diversity, with a focus on Aboriginal peoples, people with disabilities, newcomers, cultural markets, women and LGBT (lesbian, gay, bisexual, transgendered) people 38
  • 39. Amateur SportsAmateur Sports• Awarded nearly $500,000 in grants to support over 50 hockey programs across Canada and the United States• RBC is a premier sponsor of the Canadian Snowboard Team, the Canadian Freestyle Ski Team, Athletics Canada and the Canadian Paralympic Committee 39
  • 40. Amateur Sports - Support for the OlympicsOlympics• Canada’s longest-standing supporter of the Canadian Olympic Team, with RBC sponsorship continuing through London 2012, Sochi 2014 and Rio 2016• Through the RBC Olympians program, elite-level athletes are provided with flexible career experiences to complement their training regimes 40
  • 41. Social Services and Civic CausesEmployee ContributionsContributions by employees andpensioners worldwide in volunteeractivities and funds to not-for-profitgroups through payroll deductions,direct giving and special events• Provided over 2,500 grants of $500 each, totalling almost $1.3 million, to organizations in recognition of their volunteer work• Provided 175 team action grants, totalling $414,000, to organizations in recognition of employee volunteer teams 41
  • 42. Scotiabank 42
  • 43. Scotiabank Bright Future - A Global Philanthropic VisionKey areas of focusResponsive to community needsacross:• Health• Education• Social Services• Arts and Culture• Sports• The Environment• Employee-based community programs• Disaster Relief• Fighting HIV-Aids 43
  • 44. HealthRural community support• Scotiabank Peru support of Agua Limpia (Clean Water), a non-profit organization that helps local governments in rural areas improve access to potable water and sanitation• Agua Limpia also offers education programs for families and children about safe water usage, hygiene, nutrition and conservation 44
  • 45. EducationInternational scholarships• Scholarship support for international students studying at the University of Waterloo, Faculty of Environment and St. Paul’s University College• The Scotiabank International Endowment, to provide new international opportunities for Canadian students and attract more international students to Waterloo, Canada 45
  • 46. Social ServicesHighlights• In El Salvador, a partnership with A Roof For My Country, an NGO that builds houses for families in need with the help of volunteers• 2011 participation in the sixth annual A Roof For My Country fundraising campaign called “¡Sigamos Construyendo El Salvador!” (Let’s Build El Salvador!) 46
  • 47. Arts and CultureHighlights• In Chile, Scotiabank supported modular teaching in the Performing Arts Training Hall of the Gabriela Mistral Cultural Centre• The Centre includes an arts library, five classrooms, a recording studio and a new home for the Museo de Arte Popular Americano of the Universidad de Chile 47
  • 48. SportsHighlightsCanadas Hockey Bank - The OfficialBank of the NHL®, NHLPA®, NHLAlumni™ and the CWHLEngagement is supported by:• Scotiabank Hockey Events• NHL Alumni Tour• Scotiabank Community Hockey Sponsorship Program 48
  • 49. EnvironmentKey areas of focus• Reducing the Bank’s Environmental Impact• Assessment of environmental risks associated with the business operations of each borrower• Ongoing engagement with environmental stakeholders around key environmental initiatives• Adherence to the Equator Principles, a set of internationally recognized, voluntary guidelines that establish social and environmental standards in the banking industry, on project finance 49
  • 50. Employee-based Community ProgramsHighlights• More than 360,000 hours of volunteering and fundraising time contributed by Scotiabank employees to local charities in 2011• Strong support of employee community engagement through two programs - Team Scotia Community Program (TSCP) and the Scotia Employee Volunteer Program (SEVP)• The Team Scotia Community Program matches funds raised by employee teams 50
  • 51. Disaster ReliefHighlights• CDN $100,000 donation to the Japan Earthquake/Asia-Pacific Tsunami relief efforts, through the Canadian Red Cross• US $30,000 corporate donation and volunteer support in October 2011 through the World Food Program (WFP) for urgent aid for tropical storm victims in El Salvador• US $25,000 donation and volunteer support in October 2011 to Operación Bendición Guatemala, for the construction of houses in areas affected by heavy rains, flooding and landslides 51
  • 52. Fighting HIV-AIDSHighlights• Established a mandate in 2005 to assist in prevention and education of HIV and AIDS in the Caribbean• In 2011 Scotiabank introduced the Scotiabank global HIV-AIDS strategy• Scotiabanks global HIV-AIDS strategy is organized under three strategic pillars: • Fighting Stigma and Discrimination • Promoting Awareness and Education • Contributing Donations and Volunteering 52
  • 53. TD Bank 53
  • 54. Mission: Make a Positive Impact Where We Work and LivePriorities• Education and financial literacy• The environment• Creating opportunities for young people• In the U.S., affordable housingOther key areas:• Employee volunteerism• Disaster relief• Support for diversity 54
  • 55. EducationHighlights• Pledged $100,000 to the Toronto Council of Educators to help educate marginalized youth• Awarded the TD Scholarship for Community Leadership to 20 of Canada’s best and brightest with a scholarship worth up to $70,000 55
  • 56. Financial LiteracyHighlights• The TD Financial Literacy Grant Fund awarded $2.4 million to 29 community organizations across Canada, across diverse communities• Over $2 million donated for financial literacy programs, and supported by over 2,800 employee volunteers 56
  • 57. The Environment – TD Friends of the EnvironmentHighlights• In 2011, an important milestone for TD Friends of the Environment – the funding of its 20,000th project• In 2011, $3.6 million distributed by TD FEF to support 1,058 community environment projects across Canada 57
  • 58. The Environment – Other ProgramsHighlights• TD Learning Naturally Program offered by The Friends of Fish Creek Provincial Park Society to 4,500 students from 34 economically disadvantaged schools across Calgary, Alberta (day-long field trips for inner-city children)• TD Tree Days: Nearly 5,000 volunteers planted over 28,000 trees at 91 locations in Canada, the U.K. and the U.S. 58
  • 59. Creating Opportunities for Young PeopleHighlights• TD Summer Reading Program (Canada and the U.S.) – Supported by 2,000+ libraries with over 577,000 children participating• TD Grade 1 Book Giveaway - The largest distribution of free books in Canada • Over 500,000 Grade One students received a book in English or French 59
  • 60. Affordable Housing in the U.S.Highlights• Sponsorship of the Housing for Everyone grant competition since 2006, by the TD Charitable Foundation• Nearly $10 million in donations awarded to non-profits to help provide safe, affordable housing in the U.S. 60
  • 61. Affordable Housing in the U.S.Highlights• 52 community development loans worth $294 million originated to help build or preserve nearly 1,500 new homes or apartments in communities served by TD• $296 million invested in low- income housing tax credits to support 36 housing projects for families, individuals and elderly residents 61
  • 62. Employee VolunteerismHighlights• Tens of thousands of TD employees volunteer each year• Volunteer Grant Program - employees who volunteer more than 40 hours a year to a registered charity can earn a donation for the organization 62
  • 63. Disaster ReliefHighlightsCombined corporate and employeecontributions to help disaster victims,for:• The Japan tsunami and earthquake• Victims for Hurricane Irene in the U.S.• Flood victims in New Brunswick, Quebec and Manitoba• Victims of wildfires in Slave Lake, Alberta• Victims of a tornado in Goderich, Ontario 63
  • 64. Support for DiversityHighlights• In 2011, TD donated $7.3 million to diversity-related organizations• Community events supported include Black History Month, the Festival of South Asia and 16 LGBT Pride festivals across North America 64
  • 65. To conclude,The Canadian bankingsystem has been rated thebest in the world by theWorld Economic Forum.It is heartening to see thata commitment to fiscalexcellence extends to socialresponsibility as well. 65
  • 66. Appendix: Links and Image CreditsLinks to Full Individual Bank CSR Reports Image CreditsBMO –http://www.bmo.com/home/about/banking/corporate- Financial District Images – Original photographyresponsibility/our-approach/reportingCIBC – Images Used in Bank Sections – Sources: Bankhttps://www.cibc.com/ca/inside-cibc/in-your- websites; public bank documents; the webcommunity.htmlNational Bank –http://www.commitment.nationalbank.ca/RBC –http://www.rbc.com/community-sustainability/Scotiabank –http://www.scotiabank.com/ca/en/0,,377,00.htmlTD –http://www.td.com/corporate-responsibility/index.jsp 66
  • 67. Deepak Pershad, Principalwww.analysisbydesign.ca 67