Canadian Imperial Bank of Commerce | Climate change risks and activities at Canadian Imperial Bank of Commerce

Status
Withdrawn
AGM date
Previous AGM date
Resolution details
Company ticker
CM:CN
Lead filer
Æquo Shareholder Engagement Services inc.
Resolution ask
Report on or disclose
ESG theme
  • Environment
ESG sub-theme
  • Fossil fuel financing
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
That CIBC publish a report assessing: 1) the extent to which its existing loan and investment portfolios facilitate exploration and/or development of new oil and gas fields; 2) the risks for CIBC that this is inconsistent with the International Energy Agency’s scenario for Net Zero Emissions; and 3) where appropriate, the changes required to CIBC’s policies and practices to achieve consistency with the IEA’s NZE scenario. 

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