Furthermore, the Group has committed to invest RM150 million over five years and 100,000 in employee volunteerism hours annually by 2024 to positively impact lives, communities and businesses across ASEAN.ĭato’ Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group said, “The COVID-19 pandemic has been a global stress test, worsened further by the increasing occurrences of extreme weather events driven by climate change.
In addition to the sustainable finance commitment, the Group also announced its commitments towards mitigating climate change, including net zero operational greenhouse gas (“GHG”) scope 1 and 2 emissions by 2030 and net zero overall GHG emissions by 2050, together with a No Deforestation, No Peat, No Exploitation (“NDPE”) commitment. CIMB has made good progress and is ahead of schedule in meeting its original target with over RM10 billion in offerings under its GSSIPS framework already achieved as of 2021. Guided by its Green, Social, Sustainable Impact Products and Services (“GSSIPS”) framework, this higher sustainability finance target includes wholesale and commercial financing, bonds and intermediation, wealth products, and products that enable financial inclusion such as affordable home financing and other products catered to the B40 group.
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KUALA LUMPUR, Sept 22 (Bernama) - CIMB Group Holdings Berhad (“CIMB” or “the Group”) announced at its Sustainability Investor Day held today that the Group has committed to a series of strengthened sustainability commitments, including mobilising RM30 billion towards sustainable finance as part of its continued ambition to be an ASEAN sustainability leader by 2024.
This sustainable finance target along with other strengthened sustainability commitments were announced at CIMB’s Sustainability Investor Day, including its goal to achieve Net Zero Greenhouse Gas emissions by 2050