CIBC Caribbean Bank Limited Sustainability Profile
CIBC Caribbean Bank Limited, often referred to as CIBC FCIB, is a prominent financial institution headquartered in Barbados (BB). Established in 1900, the bank has evolved to serve a diverse clientele across the Caribbean, with a strong presence in countries such as Trinidad and Tobago, Jamaica, and the Bahamas. Operating within the banking and financial services industry, CIBC FCIB offers a comprehensive range of products, including personal and business banking, investment services, and wealth management. What sets the bank apart is its commitment to delivering tailored financial solutions that cater to the unique needs of Caribbean customers. With a solid market position, CIBC Caribbean Bank Limited has achieved notable milestones, including recognition for its innovative digital banking services, enhancing customer experience across the region.
DitchCarbon Score
How does CIBC Caribbean Bank Limited'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 Caribbean Bank Limited's score of 38 is higher than 61% 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 Caribbean Bank Limited, headquartered in Barbados (BB), currently does not have specific carbon emissions data available for the most recent year. The bank is a current subsidiary of the Canadian Imperial Bank of Commerce (CIBC), and any emissions data or climate commitments may be inherited from its parent organization. As part of its climate strategy, CIBC has made commitments to reduce its carbon footprint, although specific reduction targets for CIBC Caribbean Bank Limited have not been outlined. The bank's climate initiatives and performance metrics are likely influenced by the broader sustainability goals set by CIBC, which include participation in the Carbon Disclosure Project (CDP) at a cascade level of 2. While CIBC Caribbean Bank Limited does not currently report its own emissions, it is essential to note that the bank is part of a larger corporate family that is actively engaged in climate action. The absence of specific emissions data and reduction targets highlights the need for ongoing transparency and commitment to sustainability within the banking sector.
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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 Caribbean Bank Limited's Industry?
How Carbon Intensive is CIBC Caribbean Bank Limited's Location?
CIBC Caribbean Bank Limited's Scope 3 Categories Breakdown
CIBC Caribbean Bank Limited'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 Caribbean Bank Limited'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 Caribbean Bank Limited 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.
