Madame Chatel, thank you for your question and for your service to our country.
I recognize that many Canadians are anxious about what lies ahead in the transition. How will this all play out? How will it benefit the environment? How will it benefit their own economic security? I want to assure you that at CIBC, our team works with our clients to ensure that our path to net zero is aligned with their path to net zero.
We've signed on to the Net-Zero Banking Alliance, pledging to be net zero by 2050. For us to achieve that, we need to achieve that as a bank on our own, but we also need to achieve it with our clients, so we work with them, regardless of their size. We start with the oil and gas sector, the energy sector and the automotive sector, and we continue to move on to understand what their targets are to 2050. What are their interim targets? Are they highly aligned with our own? If they don't have a plan, we work with them to achieve that plan.
I'm very encouraged by the interim targets that we've achieved so far. There's more work to do. We've set those targets for 2030, and I would say that in most instances, we're ahead in plans with our clients. We remain committed to that 2050 net-zero goal.