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 37 is higher than 62% 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 109,393,000 kg CO2e globally. This includes 4,327,200 kg CO2e from Scope 1 emissions and 62,904,000 kg CO2e from Scope 2 emissions, with an additional 42,161,000 kg CO2e attributed to Scope 3 emissions. Notably, in Malaysia, the company recorded Scope 1 emissions of about 1,402,600 kg CO2e, primarily from fugitive emissions (1,333,500 kg CO2e) and mobile combustion (48,300 kg CO2e). CIMB has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it made any formal climate pledges. The company’s emissions data is not cascaded from a parent organization, indicating that it independently reports its emissions and climate commitments. CIMB's commitment to sustainability is reflected in its ongoing efforts to monitor and report emissions, although specific reduction initiatives or targets have not been disclosed. The company continues to engage in practices aimed at reducing its carbon footprint, aligning with industry standards for climate accountability.
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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 | 7,100 | 000,000 | - | - | - | - | 00,000,000 |
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 participating in any of the initiatives that 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.
