Canadian Imperial Bank of Commerce 2023 AR2
The report highlights CIBC's financial and strategic performance for the fiscal year ended October 31, 2023, alongside its ongoing commitment to environmental, social, and governance (ESG) initiatives. Financially, the bank reported a net income of $5.0 billion and a Common Equity Tier 1 ratio of 12.4%. On the ESG front, CIBC progressed toward its goal of mobilizing $300 billion in sustainable finance by 2030 and committed to achieving net-zero greenhouse gas emissions from its operational and financing activities by 2050. Additionally, the bank announced a 10-year, $800 million commitment to corporate giving, community sponsorships, and employee fundraising.
Company: Canadian Imperial Bank of Commerce
Sector: Financials
Country: Canada
Year: 2023
Type: AR2
Pages: 219
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Canadian Imperial Bank of Commerce
Annual Report
The report highlights CIBC's financial and strategic performance for the fiscal year ended October 31, 2023, alongside its ongoing commitment to environmental, social, and governance (ESG) initiatives. Financially, the bank reported a net income of $5.0 billion and a Common Equity Tier 1 ratio of 12.4%. On the ESG front, CIBC progressed toward its goal of mobilizing $300 billion in sustainable finance by 2030 and committed to achieving net-zero greenhouse gas emissions from its operational and financing activities by 2050. Additionally, the bank announced a 10-year, $800 million commitment to corporate giving, community sponsorships, and employee fundraising.
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Document Details
Report Year
2023
Reporting Period
Nov 1, 2022 - Oct 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees