CIBC Bancorp USA Inc. Sustainability Profile
CIBC Bancorp USA Inc., a subsidiary of the Canadian Imperial Bank of Commerce (CIBC), is headquartered in the United States, with significant operations across various regions. Founded in 2006, the company has established itself within the financial services industry, focusing primarily on commercial banking and wealth management solutions. CIBC Bancorp USA Inc. offers a range of core products, including tailored lending solutions, treasury management, and investment services, distinguished by their customer-centric approach and innovative technology. The firm has garnered recognition for its commitment to client satisfaction and operational excellence, positioning itself as a trusted partner for businesses seeking financial growth. With a strong market presence, CIBC Bancorp USA Inc. continues to build on its legacy of reliability and service in the competitive banking landscape.
DitchCarbon Score
How does CIBC Bancorp USA Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
CIBC Bancorp USA Inc.'s score of 46 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CIBC Bancorp USA Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is a current subsidiary of the Canadian Imperial Bank of Commerce (CIBC), which may influence its climate commitments and reporting practices. As a subsidiary, CIBC Bancorp USA Inc. inherits its climate performance metrics and initiatives from CIBC. However, there are no documented reduction targets or specific climate pledges available for CIBC Bancorp USA Inc. at this time. The lack of emissions data and reduction initiatives suggests that the company may still be in the early stages of developing its climate strategy. In the broader context, CIBC, as the parent organisation, may have its own climate commitments and targets, which could potentially impact CIBC Bancorp USA Inc.'s future sustainability efforts. Without specific data or commitments from CIBC Bancorp USA Inc., it remains unclear how the subsidiary plans to address carbon emissions and climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 20,623,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 32,572,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is CIBC Bancorp USA Inc.'s Industry?
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CIBC Bancorp USA Inc.'s Scope 3 Categories Breakdown
CIBC Bancorp USA Inc.'s Scope 3 emissions, which increased by 35% last year and decreased by approximately 16% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 25% of Scope 3 emissions.
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CIBC Bancorp USA Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
CIBC Bancorp USA Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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