Cimb Group Holdings Berhad Sustainability Profile
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 57% 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, which primarily arise from direct operations, and 62,904,000 kg CO2e from Scope 2 emissions, associated with purchased electricity. Additionally, the company recorded 42,161,000 kg CO2e in Scope 3 emissions, which encompass indirect emissions from activities such as business travel and employee commuting. In Malaysia, CIMB's emissions for 2024 were approximately 1,402,600 kg CO2e, with 1,333,500 kg CO2e attributed to fugitive emissions. In Thailand, emissions totalled about 581,100 kg CO2e, while in Singapore, emissions were minimal at 800 kg CO2e. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. CIMB Group's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The company continues to focus on sustainability and reducing its carbon footprint, although specific reduction initiatives have not been detailed in the available reports.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | 21,290,370 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000 | - | - | - | - | 00,000,000 |
How Carbon Intensive is Cimb Group Holdings Berhad's Industry?
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Cimb Group Holdings Berhad's Scope 3 Categories Breakdown
Cimb Group Holdings 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 Group Holdings 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 Group Holdings 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.
