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This document contains forward-looking statements with respect to CIBC's environmental, social and governance (ESG) strategy and its net-zero ambition for both its operational and financing activities by 2050. As we work to advance our ESG goals, external factors outside of CIBC’s reasonable control may act as constraints on achieving these goals, including varying decarbonization efforts across economies, the need for thoughtful climate policies globally, the availability of comprehensive and high-quality GHG emissions data (including from CIBC’s clients), the evolution of our lending portfolios over time, reasonably supported methodologies, the need for active and continued participation of stakeholders (including enterprises, financial institutions and governmental and non-governmental organizations), deployment of new technologies and industry-specific solutions, the evolution of consumer behavior, the challenges of balancing interim emissions goals with an orderly transition, and the development of regulations and frameworks internationally. These and other factors may cause actual results to differ materially from the expectations expressed in the forward-looking statements and may require CIBC to adapt its initiatives and activities or adjust its targets. The forward-looking statements in this document are presented for the purpose of assisting clients and others in understanding our objectives and strategic priorities, and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement except as required by law.
1 By the Numbers: Canadian GHG Emissions Opens in a new window.
2, 3 Environment and Climate Change Canada (2021) National Inventory Report 1990-2019: Greenhouse Gas Sources and Sinks in Canada Opens in a new window.
4 Hot or Cool: 1.5-Degree Lifestyles: Towards a Fair Consumption Space for All Opens in a new window.
5 Sustainable Living Association: 9 Simple Ways to Reduce Your Carbon Footprint Through Thoughtful Purchases Opens in a new window.
6 Refers to reductions in total Scope 1 and 2 emissions.
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