CIMB Bank Berhad Sustainability Profile
CIMB Bank Berhad, a leading financial institution in Malaysia, is headquartered in Kuala Lumpur. Established in 1924, CIMB has evolved into a prominent player in the banking industry, with a strong presence across Southeast Asia, including Indonesia, Thailand, and Singapore. The bank offers a comprehensive range of services, including retail banking, corporate banking, investment banking, and Islamic banking, catering to diverse customer needs. CIMB is renowned for its innovative financial solutions, such as its digital banking platform, which enhances customer experience and accessibility. With a commitment to sustainability and community development, CIMB has received numerous accolades, solidifying its position as a trusted banking partner. As a member of the CIMB Group, the bank continues to drive growth and maintain its competitive edge in the dynamic financial landscape.
DitchCarbon Score
How does CIMB Bank 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 Bank Berhad's score of 40 is higher than 61% 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 Bank Berhad, headquartered in Malaysia (MY), currently does not have specific carbon emissions data available for the most recent year. The bank's climate commitments and reduction initiatives are inherited from its parent company, CIMB Group Holdings Berhad, at a cascade level of 2. As of now, CIMB Bank Berhad has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor does it have documented reduction initiatives. The absence of detailed emissions data and reduction targets indicates a need for further development in their climate strategy. CIMB Bank Berhad's commitment to addressing climate change is reflected in its affiliation with CIMB Group Holdings Berhad, which may have broader sustainability initiatives in place. However, without specific emissions data or targets, it is challenging to assess the bank's direct impact on carbon emissions or its progress towards climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,050,300 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | 65,712,200 | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000 | - | - | - | - | 00,000,000 |
How Carbon Intensive is CIMB Bank Berhad's Industry?
How Carbon Intensive is CIMB Bank Berhad's Location?
CIMB Bank Berhad's Scope 3 Categories Breakdown
CIMB Bank 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.
Top Scope 3 Categories
CIMB Bank 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 Bank 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.
