Public Profile

Cimb Group Holdings Berhad

CIMB Group Holdings Berhad, commonly referred to as CIMB, is a leading financial services provider headquartered in Malaysia (MY). Established in 2006, CIMB has rapidly expanded its operations across Southeast Asia, with a strong presence in countries such as Indonesia, Thailand, and Singapore. The company operates primarily in the banking industry, offering a diverse range of services including retail banking, investment banking, Islamic banking, and asset management. CIMB is renowned for its innovative financial solutions, particularly in digital banking, which sets it apart in a competitive market. With a commitment to customer-centric services, CIMB has achieved significant milestones, including being recognised as one of the largest universal banks in the region. Its strategic focus on sustainability and community engagement further enhances its market position, making CIMB a trusted name in the financial sector.

DitchCarbon Score

How does Cimb Group Holdings Berhad's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

37

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

Cimb Group Holdings Berhad's score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.

63%

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Cimb Group Holdings Berhad's reported carbon emissions

In 2024, Cimb Group Holdings Berhad reported significant carbon emissions across various regions, with total emissions amounting to approximately 109,393,000 kg CO2e globally. This includes 4,327,200 kg CO2e from Scope 1 emissions and 62,904,000 kg CO2e from Scope 2 emissions. Notably, the company also disclosed Scope 3 emissions, which totalled 42,161,000 kg CO2e, encompassing categories such as business travel and employee commuting. In Malaysia, Cimb's emissions for 2024 reached about 1,402,600 kg CO2e, primarily from Scope 1, which accounted for 1,402,600 kg CO2e. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. Cimb's emissions data reflects a comprehensive approach to tracking carbon outputs, although the absence of defined reduction targets suggests that further strategic planning may be necessary to align with global climate goals. The company’s commitment to sustainability will be crucial as it navigates the evolving landscape of environmental responsibility.

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2018201920202021202220232024
Scope 1
1,050,300
0,000,000
-
-
-
0,000,000
0,000,000
Scope 2
65,712,200
00,000,000
-
-
-
00,000,000
00,000,000
Scope 3
-
000,000
-
-
-
-
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Cimb Group Holdings Berhad's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Cimb Group Holdings Berhad is in MY, which has a medium grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Cimb Group Holdings Berhad is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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