Cimb Group Holdings Berhad

CIMB Group Holdings Berhad, headquartered in Malaysia and operating within the financial intermediation services sector (excluding insurance and pension funding), has demonstrated a commitment to reducing its carbon footprint.

For the 2024 reporting year, CIMB Group Holdings Berhad reported total emissions of approximately 109,393,000 kg CO2e. This figure comprises Scope 1 emissions of about 4,327,200 kg CO2e, Scope 2 (market-based) emissions of approximately 62,904,000 kg CO2e, and Scope 3 emissions totalling around 42,161,000 kg CO2e. Within Scope 3, key contributors include employee commutes at about 25,254,439 kg CO2e and downstream leased assets amounting to approximately 11,678,597 kg CO2e.

In the preceding year, 2023, the company reported Scope 1 emissions of about 3,076,800 kg CO2e and Scope 2 (market-based) emissions of approximately 74,005,000 kg CO2e. Scope 3 emissions were not fully reported for 2023.

CIMB Group has set ambitious climate targets. The organisation is committed to achieving net-zero operational greenhouse gas (GHG) Scope 1 and 2 emissions by 2030 and net-zero for overall GHG emissions by 2050. Significant progress has been made, with the company reporting a 48% reduction in Scope 1 GHG emissions and a 21% reduction in Scope 2 GHG emissions in 2022, against a 2019 baseline. These targets and progress are part of CIMB's broader sustainability agenda.