CIMB Group Holdings Bhd

Common Name
CIMB Group Holdings
Country
Malaysia
Sector
Financial Services
Industry
Banks - Regional
Employees
33,000
Ticker
CIMB
Exchange
BURSA MALAYSIA
Description
CIMB Group Holdings Berhad is a prominent financial services conglomerate headquartered in Kuala Lumpur, Malaysia. As a universal bank, its primary function is to provide a comprehensive range of bank...

CIMB Group Holdings's Climate Target Data Preview

As of 2023, CIMB Group Holdings has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 3 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into CIMB Group Holdings ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2024
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Cement Produced/Manufactured
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2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Palm Oil Produced/Manufactured
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2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into CIMB Group Holdings's Greenhouse Gas Emissions Pathways

As of 2023, CIMB Group Holdings has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does CIMB Group Holdings have a target to reduce the emissions from its operations?

As of 2023, CIMB Group Holdings has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

CIMB Group Holdings's most ambitious operational target is to reduce these emissions by 25% by 2024, compared to a baseline of 104,254 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.

CIMB Group Holdings has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2024 value, achieving its climate goal ahead of schedule.

CIMB Group Holdings's Operational (Scope 1+2) Emissions Pathway

201920232024030 k60 k90 k120 kBaselineCurrent (-26%)

Does CIMB Group Holdings have a target to reduce the emissions from its value chain?

As of 2023, CIMB Group Holdings has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

CIMB Group Holdings's most ambitious value chain target is to reduce these emissions by 38% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2022.

CIMB Group Holdings's Value Chain (Scope 3) Emissions Pathway

2022203000000BaselineTarget 2030 (-38%)
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