Canadian Imperial Bank of Commerce 2024 SR
The report outlines CIBC's 2024 ESG performance, focusing on building integrity, creating access to opportunities, and accelerating climate action. Key highlights include achieving a 31.4% reduction in absolute Scope 1 and 2 operational emissions from a 2018 baseline and mobilizing $42.5 billion in sustainable finance activities. The bank also reported 43% women on its Board of Directors and exceeded its $10 billion funding commitment for small and medium-sized enterprises. Furthermore, CIBC introduced a Trustworthy AI framework and conducted a Racial Equity Assessment of its employment practices in Canada.
Company: Canadian Imperial Bank of Commerce
Sector: Financials
Country: Canada
Year: 2024
Type: SR
Pages: 137
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Canadian Imperial Bank of Commerce
Sustainability Report And Public Accountability Statement
The report outlines CIBC's 2024 ESG performance, focusing on building integrity, creating access to opportunities, and accelerating climate action. Key highlights include achieving a 31.4% reduction in absolute Scope 1 and 2 operational emissions from a 2018 baseline and mobilizing $42.5 billion in sustainable finance activities. The bank also reported 43% women on its Board of Directors and exceeded its $10 billion funding commitment for small and medium-sized enterprises. Furthermore, CIBC introduced a Trustworthy AI framework and conducted a Racial Equity Assessment of its employment practices in Canada.
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Document Details
Report Year
2024
Reporting Period
Nov 1, 2023 - Oct 31, 2024
Fiscal Year
2024
Published
Mar 1, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees