Canadian Imperial Bank of Commerce
CIBC's GHG Emissions Data Preview
In 2023, CIBC completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
CIBC has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into CIBC's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of CIBC amounted to 47,034 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of CIBC decreased by 5.49%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
CIBC's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are CIBC's Scope 1 emissions?
In 2023, the total Scope 1 emissions of CIBC were 21,321 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has CIBC reduced its Scope 1 emissions over time?
Since 2018, CIBC's Scope 1 emissions have decreased by 9.17%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), CIBC's Scope 1 emissions decreased by 3.77%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are CIBC's Scope 2 emissions?
In 2023, CIBC reported Scope 2 greenhouse gas (GHG) emissions of 1,885 tCOâ‚‚e using the market-based method, and 25,713 tCOâ‚‚e using the location-based method.
Has CIBC reduced its Scope 2 emissions over time?
Since 2018, CIBC's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 36.27%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), CIBC's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CIBC 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does CIBC use for Scope 2 reporting?
In 2023, CIBC reported its Scope 2 emissions using the market-based method and using the location-based method.
CIBC's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into CIBC's Value Chain Emissions
In 2023, CIBC reported 23,997 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of CIBC includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
CIBC's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are CIBC's Scope 3 emissions?
In 2023, CIBC reported total Scope 3 emissions of 23,997 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 61.27% of these emissions originated from upstream activities such as purchased goods and capital goods, while 38.73% came from downstream activities like product use, distribution, and end-of-life treatment.
Has CIBC reduced its Scope 3 emissions over time?
Since 2018, CIBC's Scope 3 emissions have decreased by 25.48%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), CIBC's Scope 3 emissions increased by 35.07%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does CIBC disclose?
In 2023, CIBC reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of CIBC's Scope 3 emissions?
In 2023, the largest contributors to CIBC's Scope 3 emissions were:
- Downstream Leased Assets (Cat. 13): 9,294 tCOâ‚‚e (38.73%)
- Purchased Goods and Services (Cat. 1): 8,664 tCOâ‚‚e (36.1%)
- Business Travel (Cat. 6): 6,039 tCOâ‚‚e (25.17%)
CIBC's Scope 3 Emissions by Categories
Insights into CIBC's Total Carbon Footprint
In 2023, CIBC reported a total carbon footprint of 71,031 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.18% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to CIBC's total carbon footprint was Scope 2 emissions, accounting for 36.2% of the company's total carbon footprint, followed by Scope 3 emissions at 33.78%.