CIBC Caribbean

Climate Impact & Sustainability Data (2023)

Received the best Renewable Energy Financing Award for 2022 from the Caribbean Renewable Energy Forum (CREF) Industry Awards.
Arranged or participated in bilateral and syndicated financing deals totaling US$642 Million in Renewable Energy transactions and committed US$261 million contributing to an estimated installed capacity of 556 MW.
Financed 83 Renewable Energy loans totaling US$1.8 million for residential and small commercial rooftop solar PV installations.
Funded 222 Electric Vehicles for a total value of US$6.3 million and 74 Hybrid Vehicles funded for a total value of US$2.4 million.
Environmental Finance – Highly commended, sustainability-linked bond of the year: Blue Bond for Ocean Conservation for Barbados (Joint Lead Arranger).
ESG loan deal of the Year for Bonds, Loans & ESG Capital Markets Latin America & Caribbean AWARDS (announced October 2023)
IFRAwards 2022 Winner: Sustainable Loan Financing
Continued adopting Cloud Computing (3-4x more energy efficient than on-premises).
Continued delivering on paper reductions through elimination of paper statements/use of paper within the organization.

Contributed US$1.6 million to community causes including the University of the West Indies (UWI) and SickKids.
Hosted or sponsored events to advance diversity and inclusion.
Employees volunteered and supported causes, most notably the regional Walk for the Cure cancer drive.

Strengthened partnerships with clients, agencies, and banks to promote sustainable initiatives.
Augmenting risk management team with climate risk expertise.
Finalizing environmental standards for all properties.
Installing photovoltaic systems.
Internal Cybersecurity Awareness campaigns and training.
External marketing campaigns to promote client vigilance.
Cooperating with regulators on developing regulatory requirements.

Climate Change Data