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Last update: 2022-01-25 12:52:13
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About Canadian Imperial Bank of Commerce (CIBC)
The Canadian Imperial Bank of Commerce (CIBC) was formed in 1961 through the merger of two chartered banks: Canadian Bank of Commerce and the Imperial bank of Canada. It is now one of the big five banks in Canada. CIBC has three main business units: Retail and Business Banking, Wealth Management and Capital Markets.
M5L 1A2 Toronto
Victor G. Dodig |
CEO & President
CSR report 2021|
Annual report 2021
CSR Report 2020
listed on NYSE & Toronto Stock Exchange
CIBC's shareholder structure can be accessed here.
|Complaints and grievances||
CIBC does not operate a complaints or grievances channel for individuals or communities that may be adversely affected by the bank's finance.
Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Human Rights
Human Rights Benchmark November 2019
Canadian Imperial Bank of Commerce (CIBC)'s human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Laggard, with a total score of 1.5 out of 14.
Due dilligence: 0.5/5
Global Human Rights Benchmark 2022
Canadian Imperial Bank of Commerce (CIBC)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 4 out of 14.
Due dilligence: 1.5/5
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.
This page evaluates Canadian Imperial Bank of Commerce (CIBC)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Canadian banks having second thoughts about Mark Carney’s green alliance over legal, governance risks
Canadian banks will get kicked out of UN net zero club unless they up their game: Report
CIBC net-zero ambition supported by establishing 2030 targets for emissions reduction from its oil and gas portfolio
Investors ask banks to rethink funding fossil fuel projects, including Line 3
New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
Wet’suwet’en hereditary chief takes fight against Coastal GasLink all the way to the banks
Equator Banks involved in financing at least 200 fossil fuel projects since Paris
Canadian fossil-heavy banks join GFANZ
Six of Canada's Largest Banks Join United-Nations-convened Net-Zero Banking Alliance
As extreme weather rages, RBC extends "sustainability" loan to Enbridge, actively expanding gas and tar sands pipelines
CIBC declares Net Zero ambition by 2050, increases sustainable finance target
Canada is burning, and our banks are fanning the flames
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Scotiabank becomes fifth major Canadian bank to refuse to fund oil drilling in Arctic refuge
Major banks in Canada stand with the Gwich'in
The Big Banks’ Green Bafflegab
Equator Banks fail communities on consultation and grievance mechanisms, new study finds
Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance
Equator Principles requirements missing for most projects, finds new BankTrack study
Major blow to Keystone XL pipeline as judge revokes key permit
Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers
Banking on Climate Change – Fossil Fuel Finance Report Card 2020
4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows
Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact
Banking on Climate Change – Fossil Fuel Finance Report Card 2019
Who’s banking the Coastal GasLink pipeline?
Banks massively financing fossil fuels unclear about future of ... fossil fuels
HSBC's shift on energy lending has Suncor throwing its toys out of the pram
Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing
Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline
28 major banks warned not to finance Trans Mountain pipeline expansion
Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines
Energy Transfer: Which banks continue to support the company behind DAPL?
New report finds banks betting on climate change
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Banking on Climate Chaos 2022
Letter from BankTrack to Banque canadienne impériale de commerce on lithium mining in Serbia’s jadar valley
Anti-money laundering and anti-terrorist financing policy
Letter from BankTrack to CIBC on the bank's progress on its fossil fuel finance since COP24
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Voluntary standardsCanadian Imperial Bank of Commerce (CIBC) has committed itself to the following voluntary standards:
- Carbon Disclosure Project
- Dow Jones Sustainability Indices
- Equator Principles
- Global Reporting Initiative
- Green Bond Principles
- Net-Zero Banking Alliance (NZBA)
- Partnership for Carbon Accounting Financials (PCAF)
- Principles for Responsible Investment (PRI)
- Task Force on Climate-related Financial Disclosures (TCFD)
- Taskforce on Nature-related Financial Disclosures (TNFD)
- UNEP Finance Initiative
Anti-money laundering and anti-terrorist financing policy
Implementation and reporting
Canadian Imperial Bank of Commerce (CIBC) is reporting on the implementation here.