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Canadian Imperial Bank of Commerce
CIBC's GHG Emissions Data Preview
In 2024, 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 4 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind CIBC’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore CIBC’s data sources below and access millions more through our Disclosure Search.
Insights into CIBC's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofCIBC amounted to43,754metric 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of CIBCdecreased by 6.97%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
CIBC's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are CIBC's Scope 1 emissions?
In 2024, the total Scope 1 emissions of CIBC were 19,410 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has CIBC reduced its Scope 1 emissions over time?
Since 2019, CIBC's Scope 1 emissions have decreased by 21.5%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), CIBC's Scope 1 emissions decreased by 8.96%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are CIBC's Scope 2 emissions?
In 2024, CIBC reported Scope 2 greenhouse gas (GHG) emissions of 1,631 tCOâ‚‚e using the market-based method and 24,344 tCOâ‚‚e using the location-based method.a
Has CIBC reduced its Scope 2 emissions over time?
Since 2019, CIBC's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 34.9%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), 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.a
What methodology does CIBC use for Scope 2 reporting?
In 2024, CIBC reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 2024, CIBC reported 19,969 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of CIBC includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,down from 4 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
CIBC's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are CIBC's Scope 3 emissions?
In 2024, CIBC reported total Scope 3 emissions of 19,969 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 54.94%of these emissions originated from upstream activities such as purchased goods and capital goods, while 45.06%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has CIBC reduced its Scope 3 emissions over time?
Since 2019, CIBC's Scope 3 emissionshave decreased by 30.43%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), CIBC's Scope 3 emissions decreased by 99.97%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does CIBC disclose?
In 2024, CIBC reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
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 2024, the largest contributors to CIBC's Scope 3 emissions were:a
- Downstream Leased Assets (Cat. 13): 8,999 tCOâ‚‚e(45.06%)
- Business Travel (Cat. 6): 6,253 tCOâ‚‚e(31.31%)
- Purchased Goods and Services (Cat. 1): 4,717 tCOâ‚‚e(23.62%)
CIBC's Scope 3 Emissions by Categories
Insights into CIBC’s GHG Emissions Intensity Compared to Industry Peers
In 2024, CIBC reported Scope 1 greenhouse gas (GHG) emissions of 19,410 tCOâ‚‚e and total revenues of USD 18,336 millions. This translates into an emissions intensity of 1.06 tCOâ‚‚e per millions USD.a
CIBC's Scope 1 Emissions Intensity Compared to Peers
How does CIBC's GHG emissions intensity compare to its peers?
In 2024, CIBC reported a Scope 1 emissions intensity of 1.06 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does CIBC rank on GHG emissions intensity within its industry?
In 2024, CIBC ranked 21 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places CIBC among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into CIBC's Total Carbon Footprint
In 2024, CIBC reported a total carbon footprint of 63,723 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.92% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to CIBC's total carbon footprint was Scope 2 emissions, accounting for 38.2% of the company's total carbon footprint, followed by Scope 3 emissions at 31.34%.a