CIBC World Markets Corp. Sustainability Profile
CIBC World Markets Corp., a prominent subsidiary of the Canadian Imperial Bank of Commerce (CIBC), is headquartered in the United States and operates extensively across North America. Founded in 1867, the firm has established itself as a key player in the investment banking and capital markets industry, offering a diverse range of services including equity and debt underwriting, mergers and acquisitions advisory, and asset management. CIBC World Markets is recognised for its client-centric approach, providing tailored financial solutions that cater to the unique needs of corporations, institutional investors, and government entities. With a strong market position, the firm has achieved notable milestones, including significant contributions to major financial transactions and a reputation for excellence in risk management. Its commitment to innovation and strategic partnerships further enhances its competitive edge in the dynamic financial landscape.
DitchCarbon Score
How does CIBC World Markets Corp.'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 World Markets Corp.'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 World Markets Corp., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The organisation is a current subsidiary of the Canadian Imperial Bank of Commerce (CIBC), which cascades its climate commitments and performance data down to CIBC World Markets Corp. As part of its broader corporate family, CIBC has not outlined specific reduction targets or initiatives for CIBC World Markets Corp. However, the parent company is involved in various climate initiatives, including participation in the CDP (formerly the Carbon Disclosure Project), which may influence the subsidiary's climate strategies. Given the lack of specific emissions data and reduction targets for CIBC World Markets Corp., it is essential to monitor the parent company's commitments and performance for insights into the subsidiary's climate-related actions and goals.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 World Markets Corp.'s Industry?
How Carbon Intensive is CIBC World Markets Corp.'s Location?
CIBC World Markets Corp.'s Scope 3 Categories Breakdown
CIBC World Markets Corp.'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 World Markets Corp.'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 World Markets Corp. 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.
