Fossil Free Investments at CIBC

With two corporate directors heavily connected to the oil and gas industry, CIBC acts as a heavy promoter of the fossil fuel industry. CIBC branches do not offer any fossil-free investment products. CIBC Asset Management introduced six ETFs in 2022 with limited fossil fuel exposure, yet they aren't fossil-free. This is solely a directory and not financial advice.

In Branch

The CIBC Sustainable Canadian Core Plus Bond Fund, CIBC Sustainable Canadian Equity Fund, CIBC Sustainable Global Equity Fund, CIBC Sustainable Conservative Balanced Solution, CIBC Sustainable Balanced Solution and CIBC Sustainable Balanced Growth Solution

Fossil-free investment options are not offered at CIBC branches, unless if you are a private wealth client. Advisors will likely discuss the sustainability characteristics of their mutual funds, but all of them contain a high percentage of holdings in fossil-fuel companies. If you are looking to invest in-person, you will need to look for an independent advisor or one at another financial institution.

Online

CIBC Investor's Edge allows the purchase of exchange traded funds listed on our ETF Portfolios and Specialized ETFs pages. A NEO-listed ETF series is also offered by CIBC Asset Management under the Sustainable Investment Solutions banner. These six ETFs exclude companies that are involved in the extraction and processing of fossil fuels, but not the distribution of fossil fuels. This does not meet our inclusion criteria; however, they offer the lowest percentage of fossil-fuel involvement in investments managed by CIBC. Their direct investing platform collects a fee per trade. Note that this offering does not include financial guidance.

Last Updated: March 28, 2022