Across sectors, CIBC Capital Markets has a long history of providing financial and advisory solutions to clients that are expected to play a role in the transition to a low-carbon economy. We’re at the forefront of financing new and innovative projects and businesses that contribute to renewable and emissions-free energy, energy efficiency, sustainable infrastructure and technology, sustainable real estate, sustainable forestry and agriculture.
We’re focused on increasing lending and capital markets activities to ESG-driven business leaders, including a growth of products such as green or sustainability-linked financial products. Particularly in 2021, we advised and mobilized $34.9 billion in environmental and sustainable finance activities, achieving a cumulative 25.7% or $77 billion over the past 3 years of our 13-year target.
In addition, we achieved a top 10 ranking in financing for the renewable industry across North America for transactions that closed from January 1, 2021 to September 30, 2021.