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Canadian Imperial Bank of Commerce (CIBC) (2023)
| Signing Date | 03 Dec 2003 |
| Region of Headquarters: | North America |
| Current EPFI Reporting Year/Period: | 2023 |
| Institutional Reporting: | Link to Report - Link to Additional Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 13
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | ||
| Oil & Gas | 1 | ||
| Power | 1 | 9 | 1 |
| Others | |||
| Region | |||
| Americas | 1 | 6 | 2 |
| Europe, Middle East & Africa | 1 | 3 | |
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 2 | 9 | 2 |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 2 | 9 | 2 |
| No | |||
| Totals | 2 | 9 | 2 |
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Project Franklin - Zenobe | Power | United Kingdom | 2023 |
| 2 | Port Arthur LNG | Oil & Gas | United States | 2023 |
| 3 | Project Eiffel | Power | United States | 2023 |
| 4 | Moray Offshore Windfarm (West Limited) | Power | United Kingdom | 2023 |
| 5 | Sweetland Wind Farm, LLC | Power | United States | 2023 |
| 6 | DESRI Long Lake Solar | Power | United States | 2023 |
| 7 | DESRI Steel | Power | United States | 2023 |
| 8 | Baltic Power | Power | Poland | 2023 |
| 9 | Sun Streams 4 | Power | United States | 2023 |
| 10 | EEC Faraday Solar PV Holdings, LLC | Power | United States | 2023 |
| 11 | Fairbanks Solar | Power | United States | 2023 |
| 12 | Cedro Hill Wind | Power | United States | 2023 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 1
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | 1 | ||
| Power | |||
| Others | |||
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 1 | ||
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 1 | ||
| No | |||
| Totals | 1 | ||
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Trans Mountain Expansion Project | Oil & Gas | Canada | 2023 |
Implementation of the Equator Principles
CIBC’s implementation reporting is provided here: CIBC 2023 Sustainability Report (page 16) and within the associated ESG Data Table (see Sustainable Products tab). Further details concerning our implementation of the Equator Principles can be found here: Environmental and Social Risk