Green Products and Services
Renewable Energy and Cleantech Financing
In 2009, CIBC formed an investment team focused on green energy and clean technology markets. Led by a vice-chairman in our Wholesale Banking business, this team integrates CIBC’s expanding efforts in investment banking, lending and trading to provide capital and advice to leading Canadian companies within these high-growth sectors. Many Canadian companies are emerging as leaders in the sector and need increased access to capital.
Since 2009, CIBC has arranged over $2 billion in public and private equity financing and advised on the purchase or sale of over $20 billion in assets for companies in these sectors.
In 2012, CIBC lent approximately $600 million towards $3 billion of financing for renewable power projects including wind, hydro, and solar power. CIBC has retained its position as a top 10 lead arranger for financing renewable power projects in North America. To focus our efforts in the Clean Tech segment, CIBC is emphasizing four specific areas: energy-efficiency, waste-to-energy, green chemistry and water. In 2010, CIBC co-led the largest Clean Tech initial public offering on the Toronto Stock Exchange, and is active in performing private placements.
CIBC offers our clients paperless record keeping and banking methods such as pre-authorized bill payments, online transfers, direct deposit programs and telephone and online banking.
In 2011, we launched an eAdvantage Savings Account™, which is designed for CIBC clients looking to access and manage all aspects of their savings account online, including record keeping. Paperless recording keeping is the only option available with this account.
CIBC also offers its clients the More-for-your Home Mortgage Bundle®. This mortgage option gives our clients up to a $500 cash rebate on their choice of a Home Inspection or Eco Energy “D” (pre-retrofit) Evaluation by AmeriSpec.
CIBC has published several reports focused on the need to integrate long-term climate change related issues in investment, financing, research and advisory.
In 2008, CIBC’s Wholesale Banking Equity Research group issued a research study on the impact of greenhouse gas regulation on Canada’s Oil & Gas companies – the first fundamental equity research study of its kind. Since then, two more reports were published: Carbon and the Forest Sector and Carbon and the Rails.