CIBC purchases 15,000 MWh of green electricity from Bullfrog Power
We purchased green electricity from Bullfrog Power for our operations in 5 Canadian provinces and territories for the 2020 fiscal year. This green-energy purchase is an important step towards our goal of sourcing 100% of our electricity from renewable sources and becoming carbon-neutral by 2024.
CIBC ranked among the top-tier of global banks for climate change actions by CDP
In 2020, we received a score of A- from the CDP, formerly known as the Carbon Disclosure Project. This score demonstrates the bank’s progress in environmental performance and reporting. The score also places us among the highest ranking Canadian financial institutions and the top-tier of global banks.
CIBC named to Dow Jones Sustainability Index North America for 16th consecutive year
The year 2020 marks our 16th consecutive year of being included in the Dow Jones Sustainability Index (DJSI) North America, a recognition of our approach to sustainable business practices. The bank earned the maximum score of 100 in environmental and social reporting, reflecting our continued focus on enhancing disclosure practices in sustainability.
CIBC recognized by CDP for actions on climate change
In 2019, we received a score of B from the CDP (formerly the Carbon Disclosure Project). This score recognizes the bank’s improvements in transparency and reporting on environmental impacts, and its continued focus on enhancing environmental sustainability.
CIBC announces $150 billion in environmental and sustainable financing by 2027
Our commitment of $150 billion in support of environmental and sustainable finance activities will enable the development of new and innovative solutions that address critical environmental challenges.
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