Bank Cimb Niaga Sustainability Profile
CIMB Niaga, officially known as PT Bank CIMB Niaga Tbk, is a prominent financial institution headquartered in Jakarta, Indonesia. Established in 1955, it has grown to become one of the largest banks in the country, serving a diverse clientele across major operational regions including Java, Sumatra, and Bali. As a key player in the banking industry, CIMB Niaga offers a comprehensive range of services, including retail banking, corporate banking, and wealth management. Its unique approach to customer service and innovative digital banking solutions have positioned it as a leader in the sector. With a commitment to excellence, CIMB Niaga has achieved significant milestones, including numerous awards for its service quality and financial performance, solidifying its reputation as a trusted banking partner in Indonesia.
DitchCarbon Score
How does Bank Cimb Niaga'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
Bank Cimb Niaga's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Cimb Niaga's reported carbon emissions
In 2023, Bank CIMB Niaga reported total carbon emissions of approximately 36,488,450 kg CO2e, with emissions distributed across various scopes: 1, 2, and 3. Specifically, Scope 1 emissions were about 1,781,010 kg CO2e, primarily from mobile and stationary combustion. Scope 2 emissions, resulting from purchased electricity, accounted for approximately 34,707,440 kg CO2e. Scope 3 emissions totalled around 459,120 kg CO2e, with business travel contributing significantly at about 1,476,460 kg CO2e. The bank's emissions data is cascaded from its parent company, CIMB Group Holdings Berhad, reflecting a corporate family relationship. This data is crucial for understanding the bank's overall climate impact and commitments. Despite the detailed emissions reporting, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The absence of documented reduction targets suggests that while the bank is transparent about its emissions, it may need to establish clearer goals for reducing its carbon footprint in line with industry standards. Overall, Bank CIMB Niaga's emissions data highlights the importance of ongoing monitoring and the potential need for enhanced climate action strategies to address its environmental impact effectively.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 994,000 | 0,000,000 | 000,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,336,360 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Bank Cimb Niaga's Industry?
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Bank Cimb Niaga'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.
Bank Cimb Niaga 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.
