Platform drives transparency in voluntary carbon market
Project Carbon aims to support a thriving global market for voluntary carbon credits with clear and consistent pricing and standards, providing a valuable pathway for clients in their efforts to achieve their net zero targets and sustainability ambitions. Launched in July, the voluntary carbon platform is an international joint effort with CIBC, Itaú Unibanco, National Australia Bank and NatWest Group.
"CIBC remains committed to enabling our clients to achieve their climate-related goals through commercial solutions that lead to tangible progress. Investments in technology and innovation are going to be important drivers of a reduction in GHG emissions. Project Carbon is one example of opportunities to unlock the potential of carbon removal, and we will continue to play an active role in helping this sector to grow." –
"Nature is our ally in the face of climate change challenges. The
The pilot trade follows CIBC's recent endorsement of the recommendations by the
More information on Project Carbon can be found here.
About CIBC
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
SOURCE CIBC
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