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)  Opens in a new window.

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.

 

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