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Cimb Group Holdings Berhad
Financial IntermediationMalaysiaPNK: CIMDF
Last verified 11 days agocimb.com
Cimb Group Holdings Berhad, commonly referred to as CIMB, is a leading financial services provider headquartered in Malaysia (MY). Established in 1924, CIMB has evolved into a prominent player in the financial intermediation services sector, excluding insurance and pension funding. The company operates extensively across Southeast Asia, with significant presence in countries such as Thailand, Indonesia, and Singapore.
CIMB offers a diverse range of core products and services, including retail banking, corporate banking, investment banking, and Islamic banking solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive market. Notably, CIMB has achieved recognition for its robust financial performance and has consistently ranked among the top banks in the region, reflecting its strong market position and dedication to excellence in financial intermediation.
47
DitchCarbon score
+10 vs industry average
Cimb Group Holdings Berhad’s score of 47 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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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Cimb Group Holdings Berhad's reported carbon emissions
CIMB Group Holdings Berhad, headquartered in Malaysia, reported its total greenhouse gas emissions for 2024 as approximately 109,393,000 kg CO2e. This total comprises about 4,327,200 kg CO2e from Scope 1 emissions, approximately 62,904,000 kg CO2e from Scope 2 market-based emissions, and around 42,161,000 kg CO2e from Scope 3 emissions.
For 2023, the company reported Scope 1 emissions of approximately 3,076,800 kg CO2e and Scope 2 market-based emissions of about 74,005,000 kg CO2e.
CIMB Group is committed to achieving net-zero operational greenhouse gas (GHG) Scope 1 and 2 emissions by 2030, with an overall net-zero target for all GHG emissions by 2050. As of 2022, the company achieved a 48% reduction in Scope 1 GHG emissions and a 21% reduction in Scope 2 GHG emissions compared to its 2019 baseline.
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Cimb Group Holdings Berhad’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Cimb Group Holdings Berhad11 days ago
47
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