Canadian Imperial Bank Of Commerce

Canadian Imperial Bank of Commerce, a financial intermediation services provider based in Canada, reported its most recent emissions data for 2025. In 2025, the bank's total disclosed emissions were approximately 49 million kg CO2e. This included Scope 1 emissions of approximately 19.4 million kg CO2e and Scope 2 emissions (location-based) of approximately 22.5 million kg CO2e. Scope 3 emissions for 2025 were approximately 24.2 billion kg CO2e from investments and approximately 7.1 million kg CO2e from business travel.

Looking at previous years, in 2024, Canadian Imperial Bank of Commerce reported total disclosed emissions of approximately 50 million kg CO2e, with Scope 1 emissions at approximately 19.4 million kg CO2e and Scope 2 (location-based) at approximately 24.3 million kg CO2e. Their Scope 3 emissions in 2024 included approximately 2.36 billion kg CO2e from investments, approximately 6.3 million kg CO2e from business travel, and approximately 84.9 billion kg CO2e from the use of sold products. For 2023, total disclosed emissions were approximately 53.1 million kg CO2e, comprising Scope 1 emissions of approximately 21.3 million kg CO2e and Scope 2 (location-based) emissions of approximately 25.7 million kg CO2e. Scope 3 emissions in 2023 included approximately 2.56 billion kg CO2e from investments, approximately 6 million kg CO2e from business travel, and approximately 96.8 billion kg CO2e from the use of sold products.

Canadian Imperial Bank of Commerce has set climate commitments, including a near-term target to achieve a 30% operational GHG reduction by 2028 (from a 2018 baseline) for Scope 1 and Scope 2 emissions, and a carbon neutrality goal for 2024. The bank also has a long-term ambition to achieve net-zero greenhouse gas emissions from its operational and financing activities by 2050 for all scopes.