CIMB Group recognised amongst top 100 companies globally for commitment to diversity, inclusion and people development
Kuala Lumpur: CIMB Group Holdings Berhad (“the Group” or “CIMB”) has been ranked top 100 most diverse and inclusive organizations globally by Thomson Reuters’ Diversity & Inclusion (D&I) Index 2018. The ranking is based on the media company’s environmental, social, and governance (ESG) data, designed to objectively measure the relative performance of more than 7,000 companies globally.
Thomson Reuters D&I Index highlights companies leading the way in incorporating diversity and inclusion into their company strategy. The index provides an additional lens to investment professionals and investors alike to evaluate companies for their ESG strategies, which have a bearing on long-term opportunities and investment risks, as more and more investors value the societal and business benefits of investing in diverse and inclusive organisations.
Tengku Dato’ Sri Zafrul Aziz, Group Chief Executive Officer, CIMB Group said, “The recognition in Thomson Reuters D&I Index affirms our efforts to create a positive impact not only economically, but also socially and environmentally. CIMB takes its commitment to all our stakeholders seriously. In terms of our people, we have consciously transformed CIMB into a workplace that attracts and retains a team of talents, currently comprising 34 nationalities spread across 15 countries. As for ESG-related efforts, our corporate social responsibility arm, CIMB Foundation, has expended over RM120 million to benefit about 700,000 lives since its inception in 2007. All these factors have contributed to the Group’s journey in becoming a leading ASEAN bank, and I’m pleased that these efforts are being recognised by the Thomson Reuters D&I Index.”
Over the years, CIMB has demonstrated great leadership in the banking industry and corporate world by transforming its people policies, as well as strengthening its ESG aspirations. It has placed employees’ holistic growth and well-being at the heart of its innovative award-winning people development and management initiatives. This includes extended maternity leave; flexible work arrangements for parents to young children; 30-day paid paternity leave; and even up to 6 months’ staff rejuvenation leave, with the staff’s job and seniority assured. Currently, CIMB has a 56% ratio of women in its workforce, with close to 42% representation at senior management level. The Group has also embarked on a comprehensive digital journey to future-proof its workforce for the Fourth Industrial Revolution.
On its ESG policies, between 2007 and 2017, the Group’s CSR arm, CIMB Foundation, have funded over 1000 initiatives under its three pillars of sports, education and community development. For the period 2018 - 2020, the Group has also pledged 1 percent of its profit before tax (PBT) to CSR efforts, ASEAN-wide.
By propelling digital growth and innovation, the Group drives financial inclusivity through wider reach and delivering more cost-efficient products and services to enhance customer experience.
CIMB is also embedding sustainability into its next mid-term growth plan and recently announced its official membership of the United Nations’ (UN) Environment Programme Finance Initiative Principles for Responsible Banking (UNEP-FI), making CIMB the only banking group in Malaysia and ASEAN to be a founding member of the sustainable initiative, together with 26 other leading banks from five continents and 19 countries.
