Companies/ Energy Transition/ Investors/ Private Equity & Venture Capital

CIBC to Invest $100 Million in Climate Tech and Energy Transition Funds

Mark Segal December 20, 2021

Canada-based financial institution CIBC announced today that it will invest $100 million in limited partnership investments in climate tech and energy transition funds.

According to CIBC, the move will advance the bank’s contribution to enable a more sustainable future, through investment in funds targeting the acceleration of climate action through the development of new climate innovations.

Harry Culham, Group Head, CIBC Capital Markets, said:

“With new and intensifying environmental challenges, we believe our bank has an important role to play in supporting the acceleration of climate action through innovation across North America. These investments are another way we’re driving growth into new areas of the economy while helping to foster long-term sustainability.”

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.