Canadian Imperial Bank Of Commerce

Canadian Imperial Bank of Commerce (CIBC), headquartered in Canada, operating within financial intermediation services, has reported its carbon emissions and outlined climate commitments.

Emissions Data (in kg CO2e):

For the reporting year 2025, CIBC reported total emissions of approximately 24.3 billion kg CO2e. This figure comprises Scope 1 emissions of about 19.4 million kg CO2e, Scope 2 emissions of approximately 22.5 million kg CO2e, and Scope 3 emissions of about 24.2 billion kg CO2e.

In 2024, total emissions were approximately 50.0 billion kg CO2e. This includes Scope 1 emissions of roughly 19.4 million kg CO2e, Scope 2 emissions of about 24.3 million kg CO2e, and Scope 3 emissions of approximately 50.0 billion kg CO2e.

For 2023, total emissions stood at approximately 53.1 billion kg CO2e. Scope 1 emissions were around 21.3 million kg CO2e, Scope 2 emissions were about 25.7 million kg CO2e, and Scope 3 emissions were approximately 53.1 billion kg CO2e.

Earlier data shows Scope 1 and 2 emissions for 2022 at approximately 45.0 million kg CO2e, for 2021 at approximately 50.0 million kg CO2e, for 2020 at about 55.0 million kg CO2e, for 2019 at approximately 60.0 million kg CO2e, and for 2018 at about 65.0 million kg CO2e. In 2017, Scope 1 and 2 emissions were reported at approximately 53.2 million kg CO2e. For 2016, Scope 1 and 2 emissions totalled around 42.9 million kg CO2e, with additional Scope 3 emissions of approximately 62.3 million kg CO2e.

Climate Commitments and Targets:

CIBC has set an ambition to achieve net-zero greenhouse gas (GHG) emissions from its operational and financing activities by 2050.

The bank has also established near-term reduction targets. These include a 30% operational GHG reduction target by 2028, using 2018 as a baseline for Scope 1 and Scope 2 emissions. Additionally, CIBC had a carbon neutrality goal for 2024 related to its operations.