Canadian Imperial Bank of Commerce 2020 SR
The report highlights CIBC's 2020 sustainability performance, focusing on its response to the COVID-19 pandemic and its commitment to a low-carbon economy. The bank mobilized $15.7 billion in environmental and sustainable finance, reaching 28% of its $150 billion target for 2027. CIBC achieved a score of A- from CDP and committed to carbon-neutral operations and 100% renewable electricity by 2024. Socially, the company focused on inclusion, increasing Black executive representation to 3% and contributing $75 million to community organizations. The bank also conducted its most comprehensive materiality assessment to date, engaging over 1,800 stakeholders to align its ESG strategy with societal priorities.
Company: Canadian Imperial Bank of Commerce
Sector: Financials
Country: Canada
Year: 2020
Type: SR
Pages: 113
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Canadian Imperial Bank of Commerce
Sustainability Report
The report highlights CIBC's 2020 sustainability performance, focusing on its response to the COVID-19 pandemic and its commitment to a low-carbon economy. The bank mobilized $15.7 billion in environmental and sustainable finance, reaching 28% of its $150 billion target for 2027. CIBC achieved a score of A- from CDP and committed to carbon-neutral operations and 100% renewable electricity by 2024. Socially, the company focused on inclusion, increasing Black executive representation to 3% and contributing $75 million to community organizations. The bank also conducted its most comprehensive materiality assessment to date, engaging over 1,800 stakeholders to align its ESG strategy with societal priorities.
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Document Details
Report Year
2020
Reporting Period
Nov 1, 2019 - Oct 31, 2020
Fiscal Year
2020
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees