Cimb Group Holdings Berhad Sustainability Profile
CIMB Group Holdings Berhad, commonly referred to as CIMB, is a leading financial services provider headquartered in Malaysia (MY). Established in 2006, CIMB has rapidly expanded its operations across Southeast Asia, with a strong presence in countries such as Indonesia, Thailand, and Singapore. The company operates primarily in the banking industry, offering a diverse range of services including retail banking, investment banking, Islamic banking, and asset management. CIMB is renowned for its innovative financial solutions, particularly in digital banking, which sets it apart in a competitive market. With a commitment to customer-centric services, CIMB has achieved significant milestones, including being recognised as one of the largest universal banks in the region. Its strategic focus on sustainability and community engagement further enhances its market position, making CIMB a trusted name in the financial sector.
DitchCarbon Score
How does Cimb Group Holdings Berhad's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cimb Group Holdings Berhad's score of 40 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cimb Group Holdings Berhad's reported carbon emissions
In 2024, CIMB Group Holdings Berhad reported total carbon emissions of approximately 109.3 million kg CO2e. This figure includes Scope 1 emissions of about 4.3 million kg CO2e, Scope 2 emissions of approximately 62.9 million kg CO2e, and Scope 3 emissions of around 42.2 million kg CO2e. The company has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal pledges, indicating a potential area for future commitment. CIMB's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from their own disclosures. The company has made strides in transparency by disclosing emissions across all three scopes, which is essential for understanding their overall climate impact. CIMB Group's commitment to addressing climate change is evident in their comprehensive reporting, although the absence of specific reduction targets suggests that further initiatives may be necessary to align with global climate goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | 21,290,370 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000 | - | - | - | - | 00,000,000 |
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Cimb Group Holdings Berhad's Scope 3 Categories Breakdown
Cimb Group Holdings Berhad's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 39% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 60% of Scope 3 emissions.
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Cimb Group Holdings Berhad's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cimb Group Holdings Berhad has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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