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Our Sustainability Progress

  • Sustainability as a strategic priority
    As a responsible financial services provider, we are committed to driving net positive impacts not only within the Group, but among stakeholders across the region.
  • Growing our Handprint
    We are uniquely positioned to facilitate a just transition towards a low-carbon economy, and bridge social gaps. We have doubled our commitment, aiming to mobilise RM60 billion in sustainable finance by 2024.
  • Moving towards Net Zero 2050
    We established our baseline scope 3 financed emissions, and are setting targets for our most carbon intensive sectors, whilst integrating climate and other sustainability risk considerations into our risk management ecosystem and business practices.
  • Investing in our Communities
    We continue to contribute to the communities around us, with RM34.4 million invested in 2022, and around 140,000 volunteer hours contributed towards communities and the environment.
  • Focus of 2023
    In 2023, we will focus on setting Paris-aligned targets for carbon-intensive sectors, and ramping up innovative sustainable finance offerings to help our clients to make the transition to a low-carbon economy.

Sustainability Key Highlights in 2022


Launched Sustainability-Linked Treasury Programme for our clients.


Completed regional rollout of our No Deforestation, No Peat, No Exploitation commitments, and commenced rollout of our Human Rights policy.

 

Set 2030 Paris-Aligned targets for cement and thermal coal mining sectors.


Established and published our scope 3 financed emissions baseline.


Ranked fourth among banks globally in the 2022 Financial System Benchmark by the World Benchmarking Alliance.


Achieved 80th percentile on the S&P Global Corporate Sustainability Assessment.


Mobilised RM27.8 billion of sustainable finance in Green, Social, Sustainable Impact Products and Services, including RM14.3 billion of financing provided to underserved communities.


Committed RM100 million in collateral-free financing to SMEs through BNM’s Low Carbon Transition Facility.

Launched The Complete Banker – Sustainability programme for fresh graduates, and the CIMB Sustainability Fellowship programme for mid-career professionals.

Launched the CIMB Sustainability Academy to upskill #teamCIMB on critical sustainability and sustainable finance topics.

Our Principles

Sustainability at CIMB

Governance and Risk

 
We instill a culture of transparency, integrity and accountability, with the long-term goal of reducing ESG risks and creating value for all stakeholders.
 
  • 29% improvement in S&P Global CSA Governance score from 2019 
  • Completed scope 3 financed emissions baseline for nine most carbon-intensive sectors
  • Published CIMB’s Sustainable Finance Framework, containing sector policies and position statements
  • Included Human Rights and Biodiversity & Ecosystem Integrity into our list of material ESG matters

Sustainable Action

 

We commit to continuously minimising our environmental footprint, while creating positive impacts in our relationships with stakeholders, such as employees and suppliers.

 

  • Achieved 48% reduction of Scope 1 GHG emissions and 21% reduction of Scope 2 GHG emissions against 2019 baseline 
  • Women represented 42.4% of leadership (GCEO-2 and above)
  • Improved organisational health score from 75% in 2021 to 77% in 2022 

Sustainable Business

 

We develop innovative and inclusive products and services to support our clients and customers to transition to a low carbon and just economy, while striving to minimise negative environmental and social impacts from the activities we finance.

          

  • Mobilised RM27.8 billion of sustainable finance in Green, Social, Sustainable Impact Products and Services
  • Achieved 99.50% service uptime for Clicks and 99.99% for BizChannel regionally*
  • Improved access to services for the differently-abled

 

*calculated using the simple average of system uptime availability in Malaysia, Indonesia, Singapore and Thailand, excluding scheduled maintenance

Corporate Citizenship

 

We support the building of healthy and resilient communities in ASEAN in which individuals are connected, supported and have access to resources and opportunities.

 

  • Disbursed RM34.4 million in community investments 
  • Achieved record employee volunteerism hours totalling about 140,000 hours 
  • Won Finance Asia award on Most Committed to Social Causes in 2022