CIMB Thai Bank Public Company Limited Sustainability Profile
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 53% 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. This marks a significant increase from 2022, when total emissions were about 418,520 kg CO2e, primarily from Scope 1 emissions of 418,520 kg CO2e and Scope 2 emissions of approximately 4,618,930 kg CO2e. CIMB Thai has made notable commitments to reduce its greenhouse gas emissions. The bank achieved a reduction of over 20% in its Scope 1 and Scope 2 emissions in 2022 compared to a 2019 baseline. Furthermore, CIMB Thai has set an ambitious target to reach Net Zero operational greenhouse gas emissions for Scope 1 and 2 by 2030. Additionally, the bank 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. It is important to note that emissions data for CIMB Thai is cascaded from its parent company, CIMB Group Holdings Berhad, reflecting the bank's commitment to sustainability within the broader corporate family.
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| 2019 | 2023 | |
|---|---|---|
| Scope 1 | 941,890 | 000,000 |
| Scope 2 | 5,458,080 | 0,000,000 |
| Scope 3 | - | - |
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CIMB Thai Bank Public Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
CIMB Thai Bank Public Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
