CIBC Bank USA Sustainability Profile
CIBC Bank USA, a subsidiary of the Canadian Imperial Bank of Commerce, is a prominent financial institution headquartered in the United States. Established in 2006, it has rapidly expanded its presence across major operational regions, including Illinois and Michigan, offering a range of banking services tailored to both personal and commercial clients. Operating within the banking industry, CIBC Bank USA focuses on core areas such as commercial lending, personal banking, and wealth management. Its unique approach combines innovative financial solutions with a commitment to customer service, setting it apart in a competitive market. Notable achievements include a strong market position bolstered by strategic growth initiatives and a dedication to community engagement, making CIBC Bank USA a trusted partner for financial needs.
DitchCarbon Score
How does CIBC Bank USA'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 Bank USA's score of 43 is higher than 65% 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 Bank USA currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of the Canadian Imperial Bank of Commerce (CIBC), and any relevant emissions data or climate commitments would be inherited from its parent organisation. CIBC has made commitments to address climate change, although specific reduction targets or initiatives for CIBC Bank USA are not detailed. The bank's climate strategy may align with broader initiatives from CIBC, which has been involved in various sustainability efforts, including participation in the Carbon Disclosure Project (CDP) at a cascade level of 2. As a subsidiary, CIBC Bank USA's climate commitments and performance may reflect the overarching goals set by CIBC, but specific details on reduction targets or achievements are not provided. The bank's approach to sustainability and climate action remains aligned with industry standards, focusing on reducing carbon footprints and enhancing environmental responsibility.
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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 Bank USA's Industry?
How Carbon Intensive is CIBC Bank USA's Location?
CIBC Bank USA's Scope 3 Categories Breakdown
CIBC Bank USA'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 Bank USA'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 Bank USA 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.
