CIMB Thai Bank Public Company Limited
CIMB Thai Bank Public Company Limited, commonly referred to as CIMB Thai, is a prominent financial institution headquartered in Bangkok, Thailand. Established in 2008, the bank has rapidly evolved within the competitive banking sector, offering a comprehensive range of services including retail banking, corporate banking, and investment banking. CIMB Thai distinguishes itself through innovative financial solutions tailored to meet the diverse needs of its customers, from personal loans to wealth management services. With a strong presence in major operational regions across Thailand, the bank has garnered recognition for its commitment to customer service and financial inclusivity. As a subsidiary of CIMB Group, one of Southeast Asia's leading universal banks, CIMB Thai has achieved significant milestones, positioning itself as a key player in the Thai banking landscape. Its dedication to sustainable banking practices further enhances its reputation in the industry.
DitchCarbon Score
How does CIMB Thai Bank Public Company Limited'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 Thai Bank Public Company Limited's score of 33 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 Thai Bank Public Company Limited's reported carbon emissions
In 2023, CIMB Thai Bank Public Company Limited reported total carbon emissions of approximately 4,447,180 kg CO2e, with Scope 1 emissions accounting for about 503,550 kg CO2e and Scope 2 emissions at approximately 3,943,630 kg CO2e. The bank has made significant strides in reducing its greenhouse gas emissions, achieving a reduction of over 20% in Scope 1 and Scope 2 emissions in 2022 compared to a 2019 baseline. CIMB Thai has committed to achieving Net Zero operational greenhouse gas emissions for Scope 1 and 2 by 2030. This commitment is part of their broader sustainability strategy, which includes reducing the emissions intensity of their power portfolio from 439 kg CO2e/MWh in 2022 to 272 kg CO2e/MWh by 2030, representing a 38% reduction. It is important to note that the emissions data for 2022 indicates a total of approximately 418,520 kg CO2e, with Scope 1 emissions at 418,520 kg CO2e, Scope 2 emissions at approximately 4,618,930 kg CO2e, and Scope 3 emissions at about 18,890 kg CO2e. The emissions data for 2021 and earlier years also reflect a consistent reporting pattern, with Scope 1 and 2 emissions being disclosed. CIMB Thai's emissions data is cascaded from its parent company, CIMB Group Holdings Berhad, indicating a corporate family relationship that influences its sustainability initiatives and reporting practices.
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| 2019 | 2023 | |
|---|---|---|
| Scope 1 | 941,890 | 000,000 |
| Scope 2 | 5,458,080 | 0,000,000 |
| Scope 3 | - | - |
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 Thai Bank Public Company Limited 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.
