Canadian Imperial Bank of Commerce 2022 AR2
The report outlines CIBC's financial and strategic performance for the fiscal year ended October 31, 2022. The company achieved a reported net income of $6.2 billion and a return on equity of 14.0%, driven by robust volume growth across all business segments. Key strategic highlights include the acquisition of the Canadian Costco credit card portfolio and the launch of the Black Entrepreneur Program to support underserved communities. In terms of environmental initiatives, CIBC established interim 2030 targets to reduce financed emissions in the oil and gas and power generation sectors, aligning with its ambition to achieve net-zero emissions by 2050.
Company: Canadian Imperial Bank of Commerce
Sector: Financials
Country: Canada
Year: 2022
Type: AR2
Pages: 216
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Canadian Imperial Bank of Commerce
Annual Report
The report outlines CIBC's financial and strategic performance for the fiscal year ended October 31, 2022. The company achieved a reported net income of $6.2 billion and a return on equity of 14.0%, driven by robust volume growth across all business segments. Key strategic highlights include the acquisition of the Canadian Costco credit card portfolio and the launch of the Black Entrepreneur Program to support underserved communities. In terms of environmental initiatives, CIBC established interim 2030 targets to reduce financed emissions in the oil and gas and power generation sectors, aligning with its ambition to achieve net-zero emissions by 2050.
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Document Details
Report Year
2022
Reporting Period
Nov 1, 2021 - Oct 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees