As a bank, CIMB looks to influence change and drive sustainability through its financing activities and operations. Predicated on the philosophy of ‘Banking for the Future’, CIMB takes a long-term view on its business, to build a sustainable future for itself as well as its partners in growth. CIMB is constantly on the lookout for opportunities to grow its sustainable business portfolio and at the same time, create net positive impact for stakeholders.
In September 2019, CIMB Bank Berhad issued its first Sustainable Development Goals Bond (SDG Bond). The net proceeds of the SDG Bond will be channeled into various impactful sectors in line with Goal 8: Decent Work and Economic Growth, Goal 9: Industry Innovation and Infrastructure, Goal 10: Reduced Inequalities, Goal 12: Responsible Consumption and Production, Goal 13: Climate Action, Goal 15: Life on Land and Goal 16: Peace, Justice and Strong Institutions. These include, among others, financing of small and medium-sized enterprises, basic infrastructure such as water supply and distribution network, affordable housing, waste management activities, climate change mitigation and adaptation projects as well as forest restoration. Read the SDG Bond Framework for more information.
Sustainalytics has provided a second-party opinion that CIMB Bank Berhad’s SDG Bond Framework is credible and impactful, and aligns with the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines 2018 and ASEAN Sustainability Bond Standards.