CIBC

Banks
CM
$ 106 2.4
Share price
$ 95 bn
Market Cap
$ 95 bn
Enterprise Value

Carbon footprint

0.54 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2021
How is this calculated?
-10%
YOY change in GHG emissions
In line with the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

CIBC aims to reduce Scope 1 + 2 by 30% by 2028 from a base year 2018


This target has not been verified as science based according to SBTi
CIBC's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

CIBC's GHG emissions (location-based) (Kt of CO2e)

CIBC's carbon footprint

CIBC reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 51 Kt (-5.9 /-10.3% y-o-y).

CIBC's Scope 3 emissions decreased to 10 Kt (-5.2 /-33.8% y-o-y). This is a higher rate of decline than over the period since 3Q'18 (-25.3% CAGR).

The company is committed to reducing Scope 1 + 2 by 30% by 2028 from a base year 2018, which translates into the estimated reduction of -1 Kt per annum over the period of FY2022 - FY2028. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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