Canada NewsWire
TORONTO, March 30, 2023
TORONTO, March 30, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today released its 2022 Climate Report, which provides an update on the bank's progress towards achieving its net-zero ambition by 2050, accelerating climate action across the organization, and aligning climate disclosure with the Task Force on Climate-related Financial Disclosures (TCFD) framework.
The TCFD framework recommends disclosure around four core areas of governance, strategy, risk management, and metrics and targets, for reporting material climate-related information. A set of guiding principles underpins this overall disclosure to ensure high-quality, decision-useful information is communicated, enabling users to fully understand how organizations are impacted by climate change.
For more details on our commitment to sustainability, please read CIBC's 2022 Sustainability Report and Net-Zero Approach highlighting our strategy and progress to date across the ESG spectrum.
CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network and locations across Canada, with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://www.cibc.com/en/about-cibc/media-centre.html
SOURCE CIBC
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