Systematic engagement is fundamental to understanding stakeholders' needs. While it is critical to analyse, understand and respond to the evolving expectations, needs, and issues of our stakeholders, it is equally important to reach out to our employees, peers, clients, policymakers, regulators, as well as the government to advocate principles and programmes that will positively contribute to greater impact. As such, we have invested our resources and time to continuously raise the level of engagement with all relevant internal stakeholders and external stakeholders.

 

 

Sustainability-themed Events

 

The Cooler Earth Sustainability Summit is organised annually to raise awareness and inspire urgent and definitive action towards shaping a more responsible society and a less sweltering planet (hence "Cooler"). In 2019, The Music Run by CIMB became Malaysia's first carbon neutral mass participation event.

 

The Cooler Earth Sustainability Summit 2020

CIMB’s inaugural platform to inspire business leaders, financiers, investors, policy- and decision- makers  and customers to change the paradigm of business and finance, and our way of life.

 

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The Cooler Earth Sustainability Summit 2019

More than 1,200 participants, 554 business organisations and 35 representatives from regulatory authorities joined us to deliberate on some of the sustainability adoption and implementation challenges faced by businesses.

 

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The Music Run (TMR) by CIMB

As Malaysia’s largest 5k running event, it is our responsibility to create a more sustainable event while inspiring young Malaysians to #LIVETHEBEAT and lead a more active lifestyle.

 

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Industry Networking Events

 

CIMB has led and/or participated in strategic deliberations and discussions across ASEAN on the UNEP FI Principles for Responsible Banking, sustainable investments and finance, and CIMB’s sustainability journey. Some of the key discussions and forums are featured below.

 

Responsible Banking and Networking Session

CIMB, in partnership with UNEP FI and WWF, hosted a Responsible Banking and Networking Session to raise awareness on sustainability and to encourage other financial institutions in Malaysia to appreciate and subscribe to the Principles for Responsible Banking.  

 

Institutional Investors Roundtable

CIMB Islamic, in partnership with the RFI Foundation (a think tank for responsible finance), hosted a roundtable with Malaysian institutional investors to discuss ways to engage the banking industry, which needs to appreciate the impact of environmental and social risks on financial institutions' bottom lines. Representatives from World Bank, PNB, EPF, KWAP and Khazanah were present to discuss the unique opportunities in approaching sustainable investment and lending.

Sustainable and Responsible Business and Investment (SRBI)

CIMB, representing the private sector, actively participated in a Roundtable Discussion on SRBI in Malaysia. The Roundtable was primarily a platform to solicit views and ideas from various stakeholders, including regulators, businesses, civil society organisations and SMEs on the implementation of sustainable and responsible business and investment in Malaysia and APEC economies.

 

Trainings and Workshops

 

In addressing the challenges faced by financial institutions, we are dedicated to promote sustainability practices and share developments in the realm of sustainability with our clients, employees and other various stakeholders.

 

UNEP Plastics Disclosure Training

An interactive online training was conducted by Mr. Doug Woodring, Managing Director, Ocean Recovery Alliance on the benefits of the Plastic Disclosure Project (PDP) in March 2020. 

 

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Climate Change and Forest-related Risks

Bringing together banks, institutional investors, and regulators with presence in Malaysia, CIMB hosted a Climate Change and Forest-related Risks in Financing workshop by CDP in March 2020. This workshop introduced elements of CDP's financial services sector reporting framework to Southeast Asian banks that may be new to the CDP reporting process.

SDG Champions Training

A series of training are provided to bring CIMB's Sustainability Champions up to speed on the latest developments in the space of sustainability. The training on "Sustainable Development Goals (SDGs) – Knowing the Business Risks & Opportunities" marks our maiden training session for our Sustainability Champions group in 2020. 

 

CIMB ACTS (Advancing CIMBians Towards Sustainability) 

 

CIMB ACTS is a programme that empowers CIMBians to champion impactful sustainability initiatives, or what we call Missions. In the long run, the aspiration for these champions is to participate in advocacy efforts in their own circles of influence.

 

Find out more about some of these Missions:

 

 

 

The Sustainability Champions Group

 

The Sustainability Champions Group comprises of over 180 individuals who strongly believe that sustainability is the way forward and are invested in pursuing this cause. The group was formed to raise the awareness of CIMBians on sustainability issues and solutions, creating a culture of responsibility. The group is a change agent network, where new developments in sustainability, key issues and ideas are shared and discussed. 

 

Our efforts are targeted at inspiring change not just on a local level but also on both regional and international levels. Hence, we continuously explore partnership opportunities to galvanise support and motivate definitive action on sustainability.

 

United Nations Environment Programme Finance Initiative (UNEP FI)

 

We are a founding member and the first ASEAN signatory to the UNEP FI Principles for Responsible Banking (PRB). Part of our commitment is to also mobilise and influence our networks, including clients, industry bodies, peers, regulators and policy makers to understand the PRB and their application in banking.

 

We are partnering with UNEP FI to deliver a number of high-impact initiatives and industry engagement activities. Aside from being a member of the PRB Core Group, CIMB is also an active member of the Collective Commitment for Climate Action, and the Task Force on Climate-related Financial Disclosures (TCFD) Banking Pilot (Phase 2) working groups.

 

Find out more here.

 

Luanne Sieh, Head of Group Sustainability, delivered an awareness session at the Consultation Workshop on Principles for Responsible Banking, organised by State Bank of Vietnam.

 

Bank Negara Malaysia

 

Bank Negara Malaysia (BNM) defines Value-Based Intermediation (VBI) as an intermediation function that aims to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and sustainable impact to the economy, community and environment, consistent with shareholders’ sustainable returns and long-term interests.

 

CIMB Islamic became one of the key founding members of BNM’s Community of Practitioners (CoP) for VBI in 2017. Today, we support VBI’s emphasis on the minimisation and prevention of negative impact arising from the banking industry’s practices, conduct and offerings. We are also part of BNM’s VBI Sectoral Guidance Working sub-group for Energy Efficiency (EE) and are a key contributor to the development of the EE sectoral guidance document.

 

We play an active role in BNM’s Joint Committee on Climate Change (JC3). The JC3 is intended to pursue collective actions for building climate resilience within the Malaysian financial sector. The JC3 is guided by the following three mandates:

 

  • Capacity building through knowledge, sharing of expertise and best practices

 

  • Identification of issues and challenges faced by the financial sector in managing the transition towards a low-carbon economy

 

  • Facilitating collaboration between stakeholders

 

 

Global Investors for Sustainable Development (GISD) Alliance

 

CIMB is a member of the GISD Alliance, which is a group of high-powered business leaders from all over the world who have responded to the Secretary-General’s invitation to come together to provide decisive leadership in mobilising resources for sustainable development. The business leaders in GISD recognise the inherent value of taking a long-term approach to investment decisions and that this can be best achieved if competing businesses come together to address the impediments. They also accept that the continued success of their businesses is inseparable from the underlying economic, environmental, social and governance conditions that support a well-functioning global economy. The Alliance has a two-year timeline – from October 2019 to October 2021.

 

Find out more here.

 

Private Financing Advisory Network (PFAN)

 

CIMB is a Network Partner of PFAN, a Programme under UNIDO and managed by REEEP. PFAN is a global network of climate and energy financing experts that aims to bridge the gap between entrepreneurs developing clean energy projects and private sector investors.

 

Financial Industry Collective Outreach (FINCO)

 

CIMB is part of the Steering Committee of FINCO, a collaborative initiative pioneered by all financial institutions in Malaysia with the support of Bank Negara. FINCO's main objective is to provide underprivileged children and youth with guidance and education tools to achieve their goals.

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