CIBC wins big at 2024 Global Finance Awards

CIBC has once again earned recognition from Global Finance, being named the Best Investment Bank in Canada for the second consecutive year at the Global Finance World's Best Investment Bank and Sustainable Finance Awards for 2024.  

The bank also received accolades for its leadership in environmental and social sustainability financing, including: 

• Best Investment Bank in Canada 

• Best Bank for Green Bonds, Global 

• Best Bank for Sustainable Bonds, Global 

• Best Bank for Sustainable Infrastructure Finance, North America 

• Best Bank for Sustainable Project Finance, North America 

• Best Bank for Transition/Sustainably Linked Loans, North America 

Susan Rimmer, managing director and head of Global Corporate and Investment Banking at CIBC, commented, “This recognition highlights CIBC's longstanding leadership in supporting our clients and enabling a more sustainable future. These awards demonstrate our continued commitment to helping our clients achieve their ambitions while accelerating transition.” 

This series of accolades follows CIBC’s receipt of the 2023 award from Global Finance for Best Investment Bank in Canada and for Outstanding Leadership in Sustainable Infrastructure Finance. 

Furthermore, CIBC ranked first for Sustainability Linked Loans and second as a Sustainability or Green Structuring Agent for Canadian green and sustainability loans.  

Additionally, the bank received the 2023 Financial Adviser (Americas) Award from Infrastructure Journal Global, recognizing its significant financial advisory expertise across the energy transition space. 

CIBC’s commitments towards sustainability are robust: 

• The bank mobilized $44.4bn in sustainable finance activities in fiscal year 2023, achieving a cumulative 52.4 percent (or $157.3bn) over the past five years toward its $300bn goal by 2030. 

• CIBC continues to focus on developing market solutions with partners, including the pilot Sustainable Finance Guarantee Program with Export Development Canada, which is aimed at lending activities that contribute to decarbonizing the economy and can provide up to $1bn in financing. 

• The bank is committed to providing $100m in limited partnership investments in climate technology and energy transition funds, partnering with six funds that provide growth capital to emerging climate and energy transition technology companies to help the global community transition to the net-zero carbon economy. 

• CIBC maintains multi-year partnerships with the University of Calgary, the Schulich School of Business, and McGill University to help foster the energy transition ecosystem and develop a new generation of leaders. 

• The bank has finalized the commercialization of Carbonplace, a technology platform for the voluntary carbon market founded by nine global banks. Carbonplace has appointed its first Chief Executive Officer and transitioned to an independent entity. 

The Global Finance Awards highlight the leadership in environmental and social sustainability financing, highlighting institutions' expertise, advisory capabilities, and innovations for capital markets clients. The awards considered activities from 2023.