Cimb Group Holdings Berhad
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 35 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cimb Group Holdings Berhad's reported carbon emissions
In 2023, Cimb Group Holdings Berhad reported total carbon emissions of approximately 82,327,000 kg CO2e across its global operations. This figure includes 3,077,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 74,005,000 kg CO2e from Scope 2 emissions, related to purchased electricity. The company also reported Scope 3 emissions of 3,234,000 kg CO2e, which include indirect emissions from activities such as business travel and waste generated in operations. In 2022, the group's total emissions were about 93,215,000 kg CO2e, indicating a reduction in emissions in 2023. The breakdown for 2022 included 2,638,000 kg CO2e from Scope 1 and 86,336,000 kg CO2e from Scope 2, alongside 4,000,000 kg CO2e from Scope 3 emissions. Cimb Group has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to monitor and report its emissions, reflecting a commitment to transparency in its climate impact. Overall, Cimb Group Holdings Berhad's emissions data highlights its ongoing efforts to manage and reduce its carbon footprint, aligning with broader industry trends towards sustainability and climate responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,050,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 65,712,220 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 7,100 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cimb Group Holdings Berhad is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
