Canadian Imperial Bank of Commerce.
CM.US | Other monetary intermediation
Canadian Imperial Bank of Commerce (CIBC) is a diversified financial institution providing a range of financial products and services to personal, business, and institutional clients in Canada and internationally. Its offerings include banking, wealth management, and capital markets services. The ba...Show More
Better Health for All
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CIBC's core financial services have a neutral health impact, and its products do not have direct safety implications or require price accessibility considerations. For health equity programs, CIBC's 2024 contribution of $15 million to the Canadian Cancer Society CIBC Run for the Cure
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represents approximately 0.0586% of its $25.6 billion reported revenue,
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which is minimal funding. The company offers comprehensive mental health programs for employees, including 100% reimbursement for eligible services up to $5,000 annually,
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Employee Assistance Programs,
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and online resources,
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and supports the Centre for Addiction and Mental Health.
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CIBC also hosts community health fairs with extensive health education lectures on diverse topics
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and supports breast cancer education through the Run for the Cure.
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Fair Money & Economic Opportunity
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No evidence available to assess Canadian Imperial Bank of Commerce on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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CIBC reported an overall median target total direct compensation for women relative to men in Canada of 99% in 2024, and 99% for people of colour compared to non-people of colour in Canada in 2024.
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The company achieved an employee engagement score of 80% in 2024.
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The global voluntary turnover rate was 7.7% in 2024.
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CIBC reported a total injury frequency rate of 0.10 in 2022 for federally regulated employees in Canada and zero fatalities from 2019-2022.
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The company recorded zero human rights incidents in 2023 and 2024, and no instances of retaliation for reporting concerns to its Whistleblower Program from 2019 to 2024.
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Fair Trade & Ethical Sourcing
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CIBC is a financial institution and does not procure or trade physical commodities, therefore the KPIs related to fair-trade certified spend and high-risk material sourcing are not applicable. For fiscal year 2024, CIBC reported zero high-risk human rights incidents, including modern slavery, identified through its ongoing third-party monitoring process, and consequently, no remediation measures were required.
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This indicates strong supplier-monitoring systems are in place. The company has a Supplier Code of Conduct
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and a Modern Slavery and Human Trafficking Statement,
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which is reviewed and updated annually to comply with Canadian, UK, and Australian regulations.
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Honest & Fair Business
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No relevant data was found in the provided articles to assess Canadian Imperial Bank of Commerce (CM.US) against the 'Honest & Fair Business' ethical value. All articles returned 'Page Not Found' or were 'Unable to summarize', preventing any extraction of specific facts, numbers, or events related to regulatory fines, transparency, whistle-blower policies, financial restatements, audit coverage, ESG controversies, complaint resolution, board conflicts, anti-corruption policies, or third-party verification.
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Kind to Animals
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No evidence was found in the provided articles to assess CM.US against any of the 'Kind to Animals' KPIs. The articles focus on general ESG disclosures, sustainable finance, energy transition, and decarbonization, without specific data points related to animal welfare, animal testing, animal-derived products, or wildlife conservation impact.
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No War, No Weapons
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No specific, quantitative evidence was found in the provided articles to assess CM.US against any of the 'No War, No Weapons' KPIs. CM.TO, not CM.US, and its statements about 'No Military Contracting' and 'No Controversial Weapons' are qualitative and not verified.
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discusses ethical investment practices of Canadian banks, including CIBC, but does not provide data relevant to arms sales, defense contracts, or other 'No War, No Weapons' metrics for CM.US.
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The mention of signing the UN-supported Principles for Responsible Investment is not direct evidence for alignment with the UN Guiding Principles on Business and Human Rights (UNGP).
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Planet-Friendly Business
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CIBC reviewed 32 transactions under the Equator Principles in 2024 that reached financial close.
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The company reported 2022 Scope 1 emissions of 22,157 tCO₂e
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, Scope 2 (market-based) of 5,139 tCO₂e
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, and Scope 3 of 17,766 tCO₂e
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. It targets a 30% reduction in Scope 1 and 2 (location-based) emissions by 2028 from a 2018 baseline
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, having achieved a 22% cumulative reduction
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. CIBC has a Net-Zero target year of 2050
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and a Carbon Neutrality target year of 2024
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. The company aims for $300 billion in sustainable financing by 2030
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, with $199.8 billion mobilized cumulatively, including $42.5 billion in 2024
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. As of October 31, 2024, $12.2 billion was committed to emissions-free power generation financing.
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CIBC restricts financing for new coal-fired power plants, mountaintop removal coal mines, and new standalone thermal coal mines.
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Its renewable energy strategy includes renewable energy certificates and carbon removals
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, and it offsets employee flight emissions
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Respect for Cultures & Communities
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CIBC ensures that all project financing affecting Indigenous peoples is in accordance with the Equator Principles, which include informed consultation.
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This indicates the implementation of a formal protocol for assessing cultural impacts in relevant operations.
Safe & Smart Tech
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CIBC experienced a minor data breach in May 2023, affecting a "small number" of CIBC National Trust of Chicago customers through a third-party vendor's MOVEit file transfer server
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. Data breach notification letters were filed with US state attorney general's offices
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. Another incident of unauthorized data access affected approximately 40,000 CIBC Simplii Financial customers in 2018
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. Regarding AI ethics, CIBC is the first major Canadian bank to sign the Government of Canada's Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems
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. The bank has established Trustworthy AI Principles, an Enterprise AI Framework, an AI Risk Assessment Process (AIRAP), and AI governance committees with senior executives and risk stakeholders, aiming to mitigate the risk of biased outputs
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. CIBC's privacy policy outlines client rights, including the ability to access, update, and correct personal information, and to withdraw consent for certain uses like marketing
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. The policy also details how clients can exercise these rights
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. The existence of an AI Risk Assessment Process (AIRAP) indicates a basic approach to AI audits
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Zero Waste & Sustainable Products
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During construction at its 1 York Street facility, CIBC diverted 87.7% of waste from the landfill.
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The company implemented a paperless initiative, reducing printing by over 16 million sheets since 2007
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and resulting in 50% fewer printers at 1 York Street.
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Other waste reduction initiatives include a recycling program and a recycled batteries initiative.
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CIBC achieved its target to reduce internal paper use by 30% per employee by 2023 from a 2018 baseline.
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The company also has an Environmentally Responsible Procurement Standard
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and gives preference to suppliers demonstrating continuous improvement in environmental performance.
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