CIBC Inc. Sustainability Profile
CIBC Inc., commonly known as CIBC, is a prominent financial institution headquartered in the United States, with significant operations across North America. Founded in 1867, CIBC has established itself as a key player in the banking industry, offering a diverse range of services including personal banking, commercial banking, and wealth management. The company is renowned for its innovative financial solutions, such as tailored investment strategies and comprehensive mortgage options, which set it apart in a competitive market. CIBC's commitment to customer service and community engagement has earned it a strong reputation, contributing to its notable achievements in the financial sector. With a focus on growth and sustainability, CIBC continues to strengthen its market position, serving millions of clients with integrity and expertise.
DitchCarbon Score
How does CIBC 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 Inc.'s score of 46 is higher than 69% 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 Inc., headquartered in the US, currently does not report specific carbon emissions data, as no emissions figures are available. The company is a current subsidiary of the Canadian Imperial Bank of Commerce, which may influence its climate commitments and reporting practices. CIBC Inc. has not outlined any specific reduction targets or initiatives in its climate strategy. There are no documented Science-Based Targets Initiative (SBTi) reduction targets or other significant climate pledges available at this time. As a subsidiary, CIBC Inc. may align its climate commitments with those of its parent company, the Canadian Imperial Bank of Commerce, which could include broader industry standards and practices. However, without specific data or commitments from CIBC Inc. itself, it is challenging to provide a detailed overview of its carbon emissions and climate initiatives.
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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 Inc.'s Industry?
How Carbon Intensive is CIBC Inc.'s Location?
CIBC Inc.'s Scope 3 Categories Breakdown
CIBC 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.
Top Scope 3 Categories
CIBC 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 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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