Canadian Imperial Bank of Commerce
CIBC's Climate Target Data Preview
As of 2024, CIBC has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 4 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into CIBC's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2028 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas from Unspecified Activities | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas from Unspecified Activities | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Kilometer (km) | Copy/Paste is a PRO feature. a | 2030 |
Verified Sources Behind CIBC’s Climate Targets Data
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Insights into CIBC's Greenhouse Gas Emissions Pathways
As of 2024, CIBC has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does CIBC have a target to reduce the emissions from its operations?
As of 2024, CIBC has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
CIBC's most ambitious operational target is to reduce these emissions by 30% by 2028, compared to a baseline of 63,781.341 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.a
CIBC has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2028 value, achieving its climate goal ahead of schedule.a
CIBC's Operational (Scope 1+2) Emissions Pathway
Does CIBC have a target to reduce the emissions from its value chain?
As of 2024, CIBC has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
CIBC's most ambitious value chain target is to reduce these emissions by 35% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas from Unspecified Activities in 2020.a
As of 2023, CIBC is ahead of schedule on its value chain emissions reduction target, having achieved 66.31% of the planned reduction.a