GlobalData offers a comprehensive analysis of CIMB Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on CIMB Group’s ESG performance. GlobalData’s company profile on CIMB Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

CIMB Group Holdings Berhad, a Malaysian banking group, has set ambitious net-zero targets to reduce its carbon footprint. 's latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Net Zero'.

By 2030, the company aims to halve its financing and investment exposure to the thermal coal mining sector and achieve net-zero scope 1 and 2 greenhouse gas (GHG) emissions in its operations. The company also aims to achieve overall net-zero GHG emissions by 2050, including scope 3 and financed emissions. CIMB Group Holdings Berhad has set Paris-aligned sector targets for thermal coal mining and cement and plans to set targets for seven more carbon-intensive sectors by 2024. In 2022, the company reported Scope 1 emissions at 2,620 tCO2e and Scope 2 emissions 71,416 CO₂ equivalent, a consolidated reduction of 22% over 2019. It has also mobilized RM60 billion of sustainable finance by 2024 and invested RM150 million in local communities from 2021 to 2025. The company's latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Net Zero'.

CIMB Group Holdings Berhad is committed to achieving net-zero GHG emissions in its operations by 2030 and overall net-zero GHG emissions by 2050, in line with Nationally Determined Contributions and the 1.5 degrees scenario of the Paris Climate Agreement. The company has estimated its financed emissions using the Partnership for Carbon Accounting Financials methodology, the recommended calculation methodology for financed emissions under the Task Force on Climate-Related Financial Disclosures. CIMB Group Holdings Berhad is the first ASEAN bank to join the Net Zero Banking Alliance, which forms part of the Glasgow Financial Alliance for Net Zero.

To achieve its net-zero targets, CIMB Group Holdings Berhad has established a financed emissions baseline across key operating markets and rolled out its No Deforestation, No Peat, and No Exploitation policy to the palm oil, forestry, and timber plantation sectors in Malaysia and Indonesia. The company has also doubled its sustainable finance target from RM30 billion to RM60 billion and invested RM34 million in its communities. CIMB Group Holdings Berhad works closely with industry and regulatory bodies and is an active member of the Joint Committee on Climate Change, which mobilizes collective action in the Malaysian financial sector.

In conclusion, CIMB Group Holdings Berhad is taking significant steps to reduce its carbon footprint and achieve its net-zero targets. The company has set specific goals related to scope 1, scope 2, and scope 3 emissions and has invested in sustainable finance and local communities. CIMB Group Holdings Berhad is committed to achieving net-zero GHG emissions and is working closely with industry and regulatory bodies to mobilize collective action in the Malaysian financial sector.

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GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.