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Our Pledge Towards Sustainability

Our pledge towards sustainability

As a leading ASEAN financial institution, CIMB is committed to enabling a just and orderly transition towards a low-carbon, climate-resilient, and inclusive economy. Sustainability is embedded as a strategic priority, with economic, environmental and social (EES) considerations integrated across the Group’s business model, risk management, and decision-making processes to drive long-term value creation.

 

Sustainability is not a standalone agenda, but a core foundation of how CIMB conducts its business, allocates capital, and builds partnerships. It underpins CIMB’s ambition to be a purpose-driven organisation. Through a disciplined and holistic approach, the Group seeks to mitigate adverse EES impacts while actively generating positive outcomes for stakeholders. This includes mobilising sustainable finance, supporting clients in their transition journeys, and strengthening resilience across the communities and markets it serves.

 

Anchored by its purpose of Advancing Customers and Society, CIMB delivers responsible banking solutions that balance present-day needs with long-term sustainability imperatives. With a long-standing regional presence, the Group recognises its role in shaping outcomes that extend beyond financial performance, contributing to broader economic development and societal progress.

 

The Group focuses on key strategic levers to deliver meaningful and lasting impact across ASEAN.

 

Minimising Our Footprint: We work to reduce adverse impacts from our operations and enabled activities by integrating environmental and social risk assessments, adopting best-in-class practices, and decarbonising across our value chain.

 

Maximising Our Handprint: We create positive change by offering sustainable financial products and solutions, supporting our corporate and SME clients in their low-carbon transition, and promoting financial inclusion through strategic partnerships and capacity-building initiatives.

 

Our commitment is recognised globally. CIMB was recently ranked #1 among 400 financial institutions in the Financial System Benchmark by the World Benchmarking Alliance — a testament to our leadership in driving sustainable finance. We are also the only Malaysian bank featured in the S&P Global Sustainability Yearbook 2025, joining a select group of 66 global banks recognised for their climate strategies, financial inclusion, governance, and risk management.

 

At CIMB, sustainability is how we bring our purpose to life. It’s not just about responding to risk, it’s about shaping a future where businesses thrive, communities prosper, and no one is left behind.

 

We drive sustainable finance in ASEAN through long-term value creation and resilience, advancing customers and society. This ambition guides how we embed environmental and social considerations across all parts of the business, ensuring that sustainability is not just an initiative, but a foundation for enduring impact. 

Empowering our customers
Securing our future
Driving purpose through action

Through our ASEAN-wide presence, we can play a significant role in shaping the sustainability landscape in the region. Our pledge of #CIMBforTomorrow means that we aim to use our influence to not only improve the environmental, social and governance practices across our own operations, but also to create net positive impact for everyone connected to the Group. This is encapsulated in our Sustainability Principles, which are embedded in our organisational purpose and Forward30 strategy. We will: 

 

  • Aim to ensure that the management of our internal operations and employees is consistent with the applicable sustainability policy requirements

  • Not knowingly engage in business activities or with business relations that do not meet our policy requirements

  • Always strive to create a net positive impact on our business relations and the community, adopt an inclusive approach to our business relations and strive to positively influence their sustainability performance and their commitment

  • Engage actively and openly with our stakeholders in the proactive management of sustainability risk and identification of opportunities for sustainable development

  • Take a proactive approach to integrating economic, environmental and social risk assessments in central processes such as lending, investments, procurement and the management of operational impacts

Sustainable Development Goals

 

In keeping with our inclusive growth strategy, we support the 2030 Agenda for Sustainable Development. This definitive plan of action for people, planet and prosperity is anchored by the 17 SDGs.

 

Based on our material matters, sector exposure, and areas where we have direct impact and influence, we have prioritised 7 of the 17 SDGs. All our sustainability efforts, performance tracking, impact reporting and programmes and initiatives in relation to our focus areas are structured and designed to meet specific targets of our 7 priority SDGs.

Net Zero by 2050

 

We are committed to achieving net zero greenhouse gas (GHG) Scope 1 and 2 emissions in our operations by 2030 and overall Net Zero GHG emissions by 2050 (including Scope 3 and financed emissions), in line with Nationally Determined Contributions and the 1.5 degrees scenario of the Paris Climate Agreement. As part of this, we have set 2030 targets for six carbon-intensive sectors, aligned with science-based reference pathway scenarios.

Mobilising RM300 billion in Sustainable Finance

 

We believe that the financial services sector is uniquely positioned to facilitate and support a just transition towards a low-carbon economy and bridge social gaps. Thus, we have made a commitment to mobilising RM300 billion in Green, Social, Sustainable Impact Products and Services between 2021 and 2030.​

Phasing out of coal by 2040

 

We have committed to phasing out coal by 2040. As an interim target, we aim to halve our financing and investment exposure to the thermal coal mining sector by 2030. For more information, please refer to the Coal Sector Guide in the Sustainable Finance Framework and the whitepaper, Our Path to Net Zero – Charting a Course to Decarbonisation.

No Deforestation, No Peat and No Exploitation

 

In 2022, we rolled out our No Deforestation, No Peat, and No Exploitation commitment to the palm oil, forestry and timber plantation sectors in larger markets, while smaller markets adopted the policy in 2023. We will not finance or facilitate capital raising for companies that are directly involved in the new conversion of High Conservation Value (HCV) areas or peatland, or those that lack legal rights and a policy/commitment on respecting free, prior, and informed consent of indigenous and local communities. Additionally, we will refrain from supporting companies that do not have a policy or commitment to prevent worker exploitation and uphold labour rights.

Investing RM150 million and 120,000 annual volunteer hours in local communities 

 

We believe in leveraging our resources and influence to address social inequalities. We therefore commit to investing RM150 million from 2021 to 2025 in local communities, and to contributing 120,000 volunteering hours annually.​

United Nations Environment Programme Finance Initiative: Principles for Responsible Banking 

 

We became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align our business with the UN Sustainable Development Goals and the Paris Agreement on Climate Change. As a signatory, CIMB joins a coalition of more than 345 banks worldwide committed to playing a crucial role in achieving a sustainable future.

 

 

Partnership for Carbon Accounting Financials 

 

We estimate our financed emissions using the Partnership for Carbon Accounting Financials (PCAF) methodology - the recommended calculation approach for financed emissions under the International Financial Reporting Standard (IFRS) S2 - to support our Net Zero by 2050 commitment.

 

 

United Nations Global Compact

 

We are a member of the UN Global Compact Network Malaysia & Brunei, a leading voluntary initiative that encourages global businesses to adopt sustainable and socially responsible policies based on 10 principles covering human rights, labour, the environment and anti-corruption.

 

 

CEO Action Network 

 

We co-founded the CEO Action Network (CAN) with our partner, IMPACTO, in 2020 to create a closed-door, peer-to-peer informal network of CEOs and board members committed to driving sustainable action in corporate Malaysia. With more than 70 members from over 20 critical sectors, CAN aspires to catalyse its members and the broader economy towards proactively shaping future-ready, ESG-integrated business models and ecosystems.

 

 

Joint Committee on Climate Change

 

We play an active role in the Joint Committee on Climate Change (JC3), co-chaired by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). JC3 works to mobilise collective action in Malaysia’s financial sector to promote climate resilience, both within the sector and across the wider economy. The inputs, insights and recommendations arising from JC3 are used to shape sustainability policies and regulations set by BNM and the SC.

 

Value-Based Intermediation

 

We are strong advocates of BNM’s Value-Based Intermediation (VBI), which aims to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and sustainable value for the economy, community and environment, and that are consistent with the commitment to delivering sustainable returns and long-term value for shareholders.

OUR MATERIAL MATTERS

 

We recognise that the global banking industry is continuously evolving, with increasing pressure and expectations from society. Materiality assessment is one of our key approaches to identifying the critical economic, environmental and social matters for our organisation, based on input from our stakeholders. We apply the concept of double materiality in our approach, considering both the potential impact of our activities on the environment and society, and how environmental and societal matters may, in turn, impact our business. Visit our Materiality Methodology page to learn more. 

 

Our material matters guide us in driving long-term value creation and competitiveness for the Group. The outcome of the materiality assessment informs our sustainability strategy, which aims to address the material impacts identified. We set measurable and ambitious goals and targets on our strategies and plans to address each identified material matter, which are reported annually in our Sustainability Report, alongside annual progress. 

 

Based on the outcome of our materiality assessment, we prioritised 13 material topics that represent CIMB’s most significant impacts on the economy, environment and society — and the most significant impacts these areas have on CIMB.

 

 

SUSTAINABILITY REPORT

 

A DIVERSE NETWORK