CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)

Adoption Date: 3 December 2003
Country of Headquarters: Canada
Region of Headquarters: North America
Institutional Reporting Hyperlink: https://www.cibc.com/ca/inside-cibc/environment/lending-investment.html
Current EPFI Reporting Year/Period: 1 November 2014 - 31 October 2015
EPFI Reporting in Compliance: Yes

 

Please read the important notes and disclaimer for further information on 'EPFI Reporting', compliance and publication on the Equator Principles Association website.


Further information on this EPFI may be obtained through the Institutional Reporting Hyperlink above.


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: 6

Totals
0
6
0
Sector
Category A
Category B
Category C
Mining


Infrastructure


Oil & Gas
2
Power
4
Others


Region
Category A
Category B
Category C
Americas
6
Europe, Middle East & Africa


Asia Pacific


Country Designation
Category A
Category B
Category C
Designated1
6
Non-Designated


Independent Review
Category A
Category B
Category C
Yes
6
No


Totals
0
6
0

1Designated 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. For the list of Designated Countries, go to: http://www.equator-principles.com/index.php/ep3/designated-countries


PROJECT NAME REPORTING FOR PROJECT FINANCE TRANSACTIONS (NOVEMBER 2014 - OCTOBER 2015)

No. Project Name
Sector
Host Country Name/ Project Location Year of Financial Close
1 Freeport LNG Liquefaction Project (Train 2) Oil & Gas USA 2014
2
Kay Wind Farm
Power USA 2015
3
Odell Wind Farm
Power USA 2015
4
Freeport LNG Liquefaction Project (Train 3)
Oil & Gas USA 2015
5
Golden Spread Transmission Line
Power USA 2015
6 Tranquillity Solar Generating Facility Power USA 2015


PROJECT-RELATED CORPORATE LOANS


Total number that reached financial close in the reporting period: 0

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Equator Principles (EP) applicable projects are reviewed by CIBC's  Environmental Risk Management (ERM) staff to ensure compliance with the EP. CIBC has specific processes in place for all transactions. EP compliance, where applicable, is included in these processes. The EP is included in our environmental due diligence requirements, which have been in place since 2007 in the form of a set of Standards and Procedures that apply globally.

CIBC’s ERM group provides training, guidance and review on EP implementation across the bank. ERM completes training across the bank to both lending and risk adjudication groups. This training includes implementation of the EP.

All EP applicable transactions are reviewed by ERM group staff.

In 2015, CIBC financed 6 projects where the Equator Principles were applicable and that reached Financial Close.