"We are honoured to be named as one of
The
CIBC's key investments towards sustainability in 2023 include:
- Achieved a 26.3% cumulative reduction in absolute greenhouse gas emissions (Scope 1 and 2) from our operations in
Canada and the U.S. since 2018(1) and we are on track to reach our goal of 30% reduction by 2028. - Became Platinum Certified for Leadership in Energy and Environmental Design (LEED), the highest level of achievement under the LEED building rating system, for our workplace at CIBC SQUARE, our global headquarters.
- Announced a 2030 interim net-zero target for our automotive manufacturing portfolio and demonstrated continued progress towards our 2030 interim net-zero targets for our oil and gas and power generation portfolios.
CIBC's sustainability partnership commitments include:
- One of the first banks in
Canada to join the RMI Centre for Climate Aligned Finance. - Member of the
Partnership for Carbon Accounting Financials (PCAF), an initiative led by the financial industry to develop a harmonized global standard to measure and disclose greenhouse gas emissions on loans and investments. - Collaborating with
Export Development Canada (EDC) to expand sustainable finance solutions for Canadian businesses.
For more information about CIBC's commitment to sustainability, visit our website.
(1) Reduction in absolute GHG emissions (location-based Scope 1 and 2) versus the baseline year of 2018. 2023 data is as of |
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets and
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