Canadian Imperial Bank Of Commerce
The Canadian Imperial Bank of Commerce (CIBC), headquartered in Toronto, Ontario, is a leading player in the financial intermediation services sector, excluding insurance and pension funding. Founded in 1867, CIBC has established itself as a cornerstone of Canada's banking landscape, offering a diverse range of services including personal banking, commercial banking, and wealth management.
With a strong presence across major Canadian cities and a growing footprint in international markets, CIBC is renowned for its innovative financial solutions tailored to meet the needs of individuals and businesses alike. The bank's commitment to customer service and technological advancement has positioned it as a trusted partner in financial growth. Notable achievements include its consistent ranking among the top Canadian banks, reflecting its robust market position and dedication to excellence in the financial services industry.
+28 vs industry average
Canadian Imperial Bank Of Commerce’s score of 63 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Canadian Imperial Bank Of Commerce's reported carbon emissions
Canadian Imperial Bank of Commerce (CIBC), headquartered in Canada and operating in financial intermediation services, except insurance and pension funding services, reported Scope 1 and 2 emissions totalling approximately 41.9 million kg CO2e for the reporting year 2025. Scope 1 emissions were approximately 19.4 million kg CO2e, and Scope 2 emissions were approximately 22.5 million kg CO2e. Scope 3 emissions, which include investments, amounted to approximately 24.2 billion kg CO2e for the same period. For the reporting year 2024, CIBC reported Scope 1 and 2 emissions of approximately 43.8 million kg CO2e. Scope 1 emissions were approximately 19.4 million kg CO2e, and Scope 2 emissions were approximately 24.3 million kg CO2e. Scope 3 emissions, including investments, business travel, and use of sold products, totalled approximately 2.3 billion kg CO2e. In 2023, CIBC's Scope 1 and 2 emissions were approximately 47.0 million kg CO2e. Scope 1 emissions were around 21.3 million kg CO2e, and Scope 2 emissions were approximately 25.7 million kg CO2e. Their Scope 3 emissions, encompassing investments, business travel, and use of sold products, were approximately 2.4 billion kg CO2e. CIBC has set a long-term ambition to achieve net-zero greenhouse gas (GHG) emissions from its operational and financing activities by 2050. For its own operations, the bank has established a near-term target to reduce emissions by 30% by 2028, using a 2018 baseline. Additionally, a carbon neutrality goal was set for 2024. Emissions data for 2022 shows Scope 1 and 2 emissions totalling approximately 45.0 million kg CO2e. Prior to 2022, CIBC reported Scope 1 and 2 emissions, with figures such as approximately 50.0 million kg CO2e in 2021, approximately 55.0 million kg CO2e in 2020, approximately 60.0 million kg CO2e in 2019, approximately 65.0 million kg CO2e in 2018, and approximately 53.2 million kg CO2e in 2017. In 2016, CIBC reported Scope 1 and 2 emissions of approximately 42.9 million kg CO2e and Scope 3 emissions of approximately 62.3 million kg CO2e.
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Canadian Imperial Bank Of Commerce’s Climate Goals (2030 & 2050)
3 goals2050
Our ambition is to achieve net-zero greenhouse gas (GHG) emi…
Our ambition is to achieve net-zero greenhouse gas (GHG) emissions from our operational and financing activities by 2050.(3)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Canadian Imperial Bank Of Commerce
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