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CIMB Thai Bank Public Company Limited
Financial IntermediationThailand
Last verified 11 months agocimbthai.com
CIMB Thai Bank Public Company Limited, commonly referred to as CIMB Thai, is a prominent financial institution headquartered in Thailand. Established in 2009, the bank has rapidly positioned itself within the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. With a strong presence in major operational regions across Thailand, CIMB Thai offers a diverse range of core products, including retail banking, corporate banking, and investment services.
CIMB Thai distinguishes itself through its innovative financial solutions and customer-centric approach, catering to both individual and corporate clients. The bank has achieved notable milestones, enhancing its market position and reputation within the industry. As a subsidiary of CIMB Group, CIMB Thai continues to leverage its parent company's extensive network and expertise, solidifying its role as a key player in Thailand's financial landscape.
34
DitchCarbon score
-3 vs industry average
CIMB Thai Bank Public Company Limited’s score of 34 is lower than 49% 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 – 2026
2020202120222023202420252026
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 Thai Bank Public Company Limited's reported carbon emissions
CIMB Thai Bank Public Company Limited, a financial intermediation services company headquartered in Thailand, reported its 2023 carbon emissions. In 2023, the bank's total Scope 1 emissions were 503,550 kg CO2e and its Scope 2 emissions were 3,943,630 kg CO2e. This data was directly reported by CIMB Thai Bank Public Company Limited.
Looking back, in 2019, CIMB Thai Bank Public Company Limited's Scope 1 emissions were 941,890 kg CO2e and Scope 2 emissions were 5,458,080 kg CO2e.
CIMB Thai Bank Public Company Limited has committed to achieving Net Zero operational greenhouse gas (GHG) Scope 1 and 2 emissions by 2030. The bank also states that it reduced its GHG Scope 1 and Scope 2 emissions by more than 20% in 2022 compared to a 2019 baseline. Furthermore, CIMB Thai Bank Public Company Limited aims to reduce the emissions intensity of its power portfolio from 439 kgCO2e/MWh in 2022 to 272 kgCO2e/MWh by 2030, representing a 38% reduction.
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CIMB Thai Bank Public Company Limited’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
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from CIMB Group Holdings BerhadSign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
CIMB Thai Bank Public Company Limited11 months ago
34
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