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 40 is higher than 65% 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 at about 503,550 kg CO2e and Scope 2 emissions at approximately 3,943,630 kg CO2e. This marks a reduction from 2022, when total emissions were about 5,056,340 kg CO2e, including Scope 1 emissions of approximately 418,520 kg CO2e, Scope 2 emissions of about 4,618,930 kg CO2e, and Scope 3 emissions of approximately 18,890 kg CO2e. CIMB Thai has set ambitious climate commitments, aiming for Net Zero operational greenhouse gas emissions for Scope 1 and 2 by 2030. Notably, the bank achieved a reduction of over 20% in its Scope 1 and 2 emissions in 2022 compared to the 2019 baseline. Additionally, it aims to decrease the emissions intensity of its power portfolio from 439 kg CO2e/MWh in 2022 to 272 kg CO2e/MWh by 2030, representing a 38% reduction. The emissions data for CIMB Thai is cascaded from its parent company, CIMB Group Holdings Berhad, reflecting a corporate family relationship. This data underscores CIMB Thai's commitment to sustainability and its proactive approach to addressing climate change within the banking sector.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 941,890 | 000,000 | 000,000 |
| Scope 2 | 5,458,080 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000 | - |
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 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.
