Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Sharply weaker global equity markets

Mitigation Strategies

• Moved quickly to reduce expenses, protecting the interests of both our shareholders and the investors in our funds
• Increased CI’s operating margin during the fiscal year – without compromising the quality of our products, distribution and service

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• CI e-Service Centre launched, providing electronic access to account information and documents, saving paper and reducing fund expenses.

Climate Goals & Targets

Environmental Challenges

• Higher interest rates in the U.S. impacting banks' net interest income.
• Rising oil prices raising fears about the sustainability of global economic expansion.
• Slowing economic growth in China and other Asian economies.
• Flattening U.S. yield curve signaling potential recession.
• Burgeoning U.S. trade deficit.
• Protectionism as a threat to equity markets.
• Concerns about weakening lending standards and rising real estate prices in the U.S.

Mitigation Strategies

• Signature Advisors acted as a liquidity provider during corporate bond market downturn, purchasing securities at distressed prices.
• Sionna Investment Managers Inc. maintains overweight position in integrated oil companies for downside protection.
• Synergy Asset Management raised some cash in portfolios and is waiting for better signs of economic growth.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• CI won seven Canadian Investment Awards in 2009, more than any other fund company. These awards included Morningstar Equity Fund Manager of the Year, and Analysts’ Choice Investment Company of the Year. Gerry Coleman, Chief Investment Officer of Harbour Advisors, was named Money Manager of the Decade by The Globe and Mail newspaper.

Environmental Challenges

• Market volatility impacting assets under management and revenues.
• Increased competition in the investment management industry.
• Redemptions of CI’s funds.
• Changes in tax laws (HST).

Mitigation Strategies

• Cost-cutting measures, including workforce reduction.
• Focus on cost discipline.
• Debt reduction and restructuring.
• Development of innovative products to meet changing investor needs.
• Expansion into the institutional market through CI Institutional Asset Management.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Seven Canadian Investment Awards (2009)
• Morningstar Equity Fund Manager of the Year (2009)
• Analysts’ Choice Investment Company of the Year (2009)
• Money Manager of the Decade (Gerry Coleman, Harbour Advisors)

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Market risk (interest rate, foreign exchange rate, equity risk)
• Political and market risk
• Operational risk (technology failures, business disruption, fraud)
• Strategic risks (failure to adapt to changes)
• Reputation risk
• Competition
• Distribution risk
• Regulatory and legal risk
• Taxation risk
• Information technology risk
• Redemption risk
• Key personnel risk
• Insurance risk
• Capital risk
• Credit risk
• Liquidity risk

Mitigation Strategies

• Regular review of market risks and compliance with investment policies and regulations
• Ongoing review and assessment of industry and economic trends
• Human resources policies and practices, strong internal control environment, controls over technology development and change management, enhanced procedures for oversight of third-party service providers
• Development of new products and cost control strategies
• Codes of Conduct, governance practices, risk management programs, policies, procedures and training
• Development and marketing of new products and services, competitive fees
• Development and enhancement of existing relationships with business partners
• Compliance with securities laws, ongoing registration
• Regular assessment of likely outcome of tax audits
• Information security policies, procedures and capabilities, safeguards to control access to sensitive information
• Diversification of investment products, strong relationships with clients
• Long-service awards, employee engagement strategies, enhanced transparency measures with respect to compensation
• Various types of insurance (financial institution bonds, errors and omissions insurance, etc.)
• Maintaining sufficient cash and other liquid assets to maintain capital requirements
• Regular monitoring of credit performance of individual counterparties, holding collateral where appropriate, internal credit policy
• Access to financing

Supply Chain Management

Climate-Related Risks & Opportunities