CIBC Asset Management Inc. Sustainability Profile
CIBC Asset Management Inc., a prominent player in the Canadian financial services sector, is headquartered in Toronto, Ontario. Established in 1969, the firm has evolved into a leading investment management company, offering a diverse range of services including mutual funds, portfolio management, and institutional investment solutions. With a strong focus on delivering tailored investment strategies, CIBC Asset Management distinguishes itself through its commitment to client-centric solutions and innovative investment approaches. The firm serves a broad clientele, from individual investors to large institutions, and has garnered recognition for its robust performance and comprehensive market insights. As a subsidiary of CIBC, one of Canada’s largest banks, CIBC Asset Management leverages its parent company’s extensive resources and expertise, solidifying its position as a trusted partner in the asset management industry.
DitchCarbon Score
How does CIBC Asset Management 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 Asset Management Inc.'s score of 43 is higher than 64% 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 Asset Management Inc., headquartered in Canada, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. However, the organisation is a current subsidiary of the Canadian Imperial Bank of Commerce (CIBC), which may influence its climate commitments and initiatives. As part of its corporate family, CIBC Asset Management Inc. inherits climate-related performance data from CIBC, which is committed to addressing climate change through various initiatives. While specific reduction targets or achievements for CIBC Asset Management Inc. are not detailed, the overarching commitments from CIBC may provide a framework for its subsidiary's climate strategy. CIBC has engaged in industry-standard climate initiatives, including participation in the Carbon Disclosure Project (CDP), which reflects a commitment to transparency in environmental impact. However, specific reduction targets or science-based targets (SBTi) have not been disclosed for CIBC Asset Management Inc. at this time. In summary, while CIBC Asset Management Inc. does not currently report emissions data or specific reduction targets, it is positioned within a corporate structure that prioritises climate action through its parent company, CIBC.
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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 Asset Management Inc.'s Industry?
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CIBC Asset Management Inc.'s Scope 3 Categories Breakdown
CIBC Asset Management 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 Asset Management 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 Asset Management 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.
