Canadian Imperial Bank of Commerce 2024 AR2
The report highlights CIBC's strong financial performance in fiscal year 2024, delivering a reported net income of $7.2 billion and a Common Equity Tier 1 ratio of 13.3%. The company made significant progress on its ESG strategy, including setting an inaugural interim net-zero target for its automotive manufacturing portfolio and financing US$123 million in affordable housing projects in the U.S. Additionally, CIBC advanced its digital-first personal banking capabilities, welcoming over 613,000 net new Canadian consumer clients and achieving an 87% digital engagement rate. The bank also launched a first-of-its-kind banking offer for skilled trades students and apprentices to champion economic inclusion.
Company: Canadian Imperial Bank of Commerce
Sector: Financials
Country: Canada
Year: 2024
Type: AR2
Pages: 211
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Canadian Imperial Bank of Commerce
Annual Report
The report highlights CIBC's strong financial performance in fiscal year 2024, delivering a reported net income of $7.2 billion and a Common Equity Tier 1 ratio of 13.3%. The company made significant progress on its ESG strategy, including setting an inaugural interim net-zero target for its automotive manufacturing portfolio and financing US$123 million in affordable housing projects in the U.S. Additionally, CIBC advanced its digital-first personal banking capabilities, welcoming over 613,000 net new Canadian consumer clients and achieving an 87% digital engagement rate. The bank also launched a first-of-its-kind banking offer for skilled trades students and apprentices to champion economic inclusion.
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Document Details
Report Year
2024
Reporting Period
Nov 1, 2023 - Oct 31, 2024
Fiscal Year
2024
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