In 2024, CIMB Group Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
CIMB Group Holdings has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of CIMB Group Holdings amounted to 89,905.2 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of CIMB Group Holdings increased by 2.29%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
In 2024, the total Scope 1 emissions of CIMB Group Holdings were 4,327.2 metric tons of CO₂ equivalent (tCO₂e). a
Since 2019, CIMB Group Holdings's Scope 1 emissions have decreased by 8.29%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), CIMB Group Holdings's Scope 1 emissions increased by 40.64%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2024, CIMB Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 62,904 tCO₂e using the market-based method and 85,578 tCO₂e using the location-based method. a
Since 2019, CIMB Group Holdings's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 14.02%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), CIMB Group Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CIMB Group Holdings 's emissions have plateaued with no significant change in its energy consumption footprint. a
In 2024, CIMB Group Holdings reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, CIMB Group Holdings reported 42,161 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of CIMB Group Holdings includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, CIMB Group Holdings reported total Scope 3 emissions of 42,161 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 72.27% of these emissions originated from upstream activities such as purchased goods and capital goods, while 27.73% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2019, CIMB Group Holdings's Scope 3 emissions have increased by 26,086.96%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), CIMB Group Holdings's Scope 3 emissions increased by 679.75%, suggesting that the company faced challenges in reducing emissions across its value chain. a
In 2024, CIMB Group Holdings reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to CIMB Group Holdings's Scope 3 emissions were: a
In 2024, CIMB Group Holdings reported Scope 1 greenhouse gas (GHG) emissions of 4,327.2 tCO₂e and total revenues of USD 4,973 millions. This translates into an emissions intensity of 0.87 tCO₂e per millions USD. a
In 2024, CIMB Group Holdings reported a Scope 1 emissions intensity of 0.87 tCO₂e per millions USD. Compared to the peer group median of 0.56 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2024, CIMB Group Holdings ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
CIMB Group Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2024, CIMB Group Holdings reported a total carbon footprint of 132,066.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 41.55% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to CIMB Group Holdings's total carbon footprint was Scope 2 emissions, accounting for 64.8% of the company's total carbon footprint, followed by Scope 3 emissions at 31.92%. a