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.”