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 43 is higher than 95% 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 2023, CIMB Group Holdings Berhad reported total carbon emissions of approximately 82,327,000 kg CO2e. This figure includes 3,076,800 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 disclosed Scope 3 emissions, which amounted to 3,234,000 kg CO2e, covering indirect emissions from the value chain, including business travel and waste generated in operations. In 2022, CIMB's total emissions were about 93,215,000 kg CO2e, with Scope 1 emissions at 2,638,000 kg CO2e and Scope 2 emissions at 86,336,000 kg CO2e. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for improvement in their climate strategy. CIMB's emissions data reflects a commitment to transparency in reporting, although the absence of defined reduction targets suggests that further action may be necessary to align with global climate goals. The company operates in Malaysia and has a significant presence in the Southeast Asian financial sector, where increasing pressure for sustainability practices is evident.
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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 | 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 | 00,000,000 |
| Scope 3 | 7,100 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 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.
