Canadian Imperial Bank of Commerce 2023 SR
The report highlights CIBC's 2023 ESG performance, focusing on accelerating climate action, creating access to opportunities, and building integrity and trust. Key achievements include reaching 39% women in Board-approved executive roles and a 26.3% cumulative reduction in operational GHG emissions since 2018. The bank mobilized $44.4 billion in sustainable finance, surpassing 50% of its $300 billion goal for 2030. CIBC also established a new interim net-zero target for its automotive manufacturing portfolio and invested $66 million in community initiatives. Furthermore, the report details advancements in AI governance through the establishment of Trustworthy AI Principles and progress in Indigenous reconciliation and accessibility.
Company: Canadian Imperial Bank of Commerce
Sector: Financials
Country: Canada
Year: 2023
Type: SR
Pages: 124
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Canadian Imperial Bank of Commerce
Sustainability Report And Public Accountability Statement
The report highlights CIBC's 2023 ESG performance, focusing on accelerating climate action, creating access to opportunities, and building integrity and trust. Key achievements include reaching 39% women in Board-approved executive roles and a 26.3% cumulative reduction in operational GHG emissions since 2018. The bank mobilized $44.4 billion in sustainable finance, surpassing 50% of its $300 billion goal for 2030. CIBC also established a new interim net-zero target for its automotive manufacturing portfolio and invested $66 million in community initiatives. Furthermore, the report details advancements in AI governance through the establishment of Trustworthy AI Principles and progress in Indigenous reconciliation and accessibility.
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Document Details
Report Year
2023
Reporting Period
Nov 1, 2022 - Oct 31, 2023
Fiscal Year
2023
Published
Mar 1, 2024
Type
Sustainability Report
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Net Zero Target
Employees