Our commitment to environmental sustainability

We’re dedicated to maintaining strong environmental standards and conducting our activities in an environmentally responsible manner that contributes to long-term value for our shareholders.

Building a sustainable future

We will reduce our GHG emissions intensity by 20% by 2026 (2018 baseline)

We will support $150 billion in sustainable financing by 2027

We issued our first TCFD aligned climate change report, Building a Sustainable Future (PDF, 3 MB)

News and updates

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.

Learn more about Bullfrog Power. Opens in a new window.

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.

Learn more about how CIBC ranked on climate change actions. Opens in a new window.

CIBC named to Dow Jones Sustainability Index North America for 16^th consecutive year

The year 2020 marks our 16^th 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.

Learn more about CIBC’s inclusion in the Dow Jones Sustainability Index. Opens in a new window.

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.

Learn more about our efforts in environmental sustainability. Opens in a new window.

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.

Learn more about our commitment to support clients and initiatives in shaping a more sustainable future. Opens in a new window.

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Commitments, memberships and industry involvement

Awards and recognition

Learn more about our awards and recognitions

Resources

Corporate Environmental Policy (PDF, 95 KB) Opens in a new window.

Supplier Code of Conduct (PDF, 440 KB) Opens in a new window.

2019 Sustainability Report Opens in a new window.

2020 CDP Response (PDF, 535 KB) Opens in a new window.

Green Building Design

CIBC Green Bond

Responsible Investing Policy (PDF, 70 KB) Opens in a new window.

Get in touch

Got questions, comments or concerns? Contact our CIBC Environmental Risk Management group.

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