Global heating is affecting us, our clients’ businesses and communities that matter to us. In response, Governments in our key operating markets are in the process of strategising their transition to low-carbon economies. We are committed to work with our peers and other stakeholders to take a precautionary approach to managing the impacts of climate change. 


We seek to provide our stakeholders, and in particular our investors and clients, with decision-useful and up-to-date information on our climate risks and performance. This disclosure also reinforces our commitment to achieve net zero GHG Scope 1 & 2 emissions in our operations by 2030 and overall Net Zero GHG by 2050. 


As an official supporter of the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), we aim to fully align our climate-related disclosures with the TCFD recommendations by 2024.

Structured based on the TCFD core pillars of Governance, Strategy, Risk Management, and Metrics & Targets, this section on Climate Change: Strategy and Risks marks CIMB’s first holistic endeavour to provide TCFD-aligned disclosures.

Through this, we seek to provide our stakeholders, and in particular our investors and clients, with decision-useful and up-to-date information on our climate risks and performance. This disclosure also reinforces our commitment to achieve net zero GHG Scope 1 & 2 emissions in our operations by 2030 and overall Net Zero GHG by 2050. 



CIMB's Group Board is ultimately responsible for all sustainability matters within the Group, including climate change. The Group Sustainability and Governance Committee advises on strategic sustainability matters, focusing on the climate change strategy. The Board Risk and Compliance Committee establishes climate risk appetite and management practices, the Audit Committee ensures internal control against climate risks, and the Group Nomination and Remuneration Committee assesses board-level climate competency.​

Management-wise, the Group Transformation Committee (GTC) and Group Sustainability Council are key players. The GSC, led by the Group Chief Sustainability Officer (CSO) and featuring regional and cross-functional representatives, designs and oversees the Group's climate change strategy, goals, targets, and action plans. It also establishes portfolio and sector-specific targets aligned with the Group's commitments in the Net Zero Banking Alliance. On the other hand, the GTC, led by the Group Chief Executive Officer, ensures the timely and effective execution of the Forward23+ Sustainability Programme, which includes climate-related projects.​

The Group Sustainability Division, led by the CSO, addresses scope 1 and 2 GHG emissions with frameworks, policies, and strategies, including internal carbon pricing. They also assist other units. The Group Administration and Property Management team works to reduce operational impacts and physical climate risks, collaborating with the Group Sustainability team to cut GHG emissions and improve resource efficiency. In 2022, the Climate Risk Unit was established under Group Risk as the second line of defense. It complements Group Sustainability by assessing climate-related risks from financing and investment activities.​


CIMB Group's commitment to sustainability, including climate change, is demonstrated by the fact that our CEO, top management, and all divisions have sustainability key performance indicators (KPIs). Sustainability-linked remuneration is an effective way of ensuring that our leadership, business units, and enabling functions remain focused on our sustainability goals. Summary of the KPIs for our CEO and top management as below:

Name of Executives Incentive Type KPIs

Chief Executive Officers


Country CEOs for Malaysia, Indonesia, Singapore, Thailand and Cambodia as follow:


Dato’ Abdul Rahman Ahmad

Group CEO / CEO CIMB Bank


Lani Darmawan

President Director & CEO, CIMB Niaga


Victor Lee Meng Teck

CEO, CIMB Singapore


Paul Wong Chee Kin,

President & CEO, CIMB Thai


Bun Yin

CEO, CIMB Cambodia


Emission reduction


KPI to reduce Scope 1 and Scope 2 emissions in 2022 compared against our 2019 baseline.

Group Risk - Chief Risk Officer

Vera Handajani


Emission reduction


Implementation of a flood risk assessment pilot on Malaysia’s mortgage book

Business Unit Managers


Group Consumer Banking

Group Wholesale Banking

Group Commercial Banking


Emission reduction


Green financing mobilised for retail and non-retail clients.


CIMB Group Plays a Shaping Role in the Formulation of National Policies and Regulations


Shaping National Policies and Taxonomy’s for Malaysia’s banking sector with Financial Regulators and Industry Players 

The central bank of Malaysia (Bank Negara Malaysia or BNM) together with Securities Commission Malaysia (SC) jointly established a committee to mobilise collective action in Malaysia’s financial sector to promote climate mitigation and resilience in both the sector and the wider economy. This committee is called the Joint Committee on Climate Change (JC3). The JC3 committee and its various subcommittees are comprised of representatives from BNM, SC, financial institutions, and other relevant parties. 


The inputs, insights, and recommendations arising from JC3 are used to shape sustainability policies and regulations set by financial authorities and regulators of Malaysia i.e. Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). Examples of Climate policies in Malaysia include Climate Risk Management Scenario Analysis, and the Climate Change Principles-Based Taxonomy. 


The JC3 is chaired by the financial authorities and regulators of Malaysia i.e. Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) which regulates and develops the Malaysian capital market. CIMB co-chairs the JC3 Subcommittee’s Transition Risk Working Group (TRWG) and JC3 Subcommittee on Governance and Disclosure and is an active contributor to many other subcommittees and working groups. Our work in this committee directly influences the development of the regulators national policies and taxonomies.



Informing National Policies in Malaysia with Industry Players

In 2020 CIMB co-founded a coalition of leaders called the CEO Action Network (CAN) which is intended to shape policies, win stakeholders, and create a favourable ecosystem for sustainable businesses and sustainable development in Malaysia. We are an active member of the CAN Steering Committee and Chair of the Working Group.


Malaysia’s government emphasises a ‘Whole of Society’ approach to address the climate emergency. CAN partners with Climate Governance Malaysia to drive a series of multi-ministerial engagements to arrive at policy recommendations and CAN members' commitments to support climate action. 

Collaborating with National Governments to tackle climate change through policies, strategies, and actions

To elevate Malaysia’s participation at COP28, Malaysia’s Ministry of Natural Resources and Environmental Sustainability has set up the Advisory Panel of Climate Change, which consists of key ministries, Government-linked Investment Companies (GLICs), Government-linked Companies (GLCs), the private sector, finance institutions and academics. A Consultation Panel on Climate Change has also been established to obtain views and input from NGOs, CSOs, vulnerable communities and youth.


Both panels play a crucial role in bridging the gap between scientific knowledge, policy decisions, and societal needs. By bringing together a diverse range of expertise and perspectives, they contribute to more informed, effective, and holistic approaches to tackling climate change, as well as related policies, strategies and actions.


CIMB is a member of the Climate Change Advisory Panel and Business Advisory Group of the Implementation of the National Policy on Biological Diversity to the Ministry of Natural Resources and Environmental Sustainability, and Consultative Group for the Advisory Committee on Sustainability Reporting.


Aligning Lobbying Activities with 1.5°C


We endeavour to ensure that any lobbying activities relevant to climate policy is consistent with our stated objectives in delivering the 1.5°C ambition of the Paris Agreement. Furthermore, we actively advocate for alignment to 1.5°C to the Paris agreement via industry groups, climate alliances and trade associations.


International Climate Advocacy


We attend the annual UNFCCC Conference of Parties (COP). At COP28, we shared CIMB’s climate journey and insights in various forums and supported BNM and the Securities Commission Malaysia in profiling sustainable finance in Malaysia.


As members of international and local working groups and through our work with regulators and industry, we advocate for national and company level emission reduction plans to achieve net zero in line with the Paris Agreement, enabled by policy measures. We also actively engage with a range of Non-Governmental Organisations (NGOs) to both learn from and contribute to our collective sustainability journey.


We advocate for climate action by working closely with industry partners and regulatory bodies to encourage broader adoption and alignment to the ambitions of the Paris Agreement. These include: 


Alliance Our Involvement Is the organisation’s climate position aligned with the aim and ambition of the Paris Agreement?

International Chamber of Commerce (ICC) Sustainable Trade Financing Working Group

We are an active member of the ICC Sustainable Trade Finance Working Group, an initiative that was set up in 2016 to develop best practice standards for sustainable trade. Yes. The ICC Centenary Declaration recognises the escalating climate emergency and wholly endorses the findings of the Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5°C. Learn more here.

Net Zero Banking Alliance (NZBA)

We are the first ASEAN bank to join the NZBA, which forms part of the Glasgow Financial Alliance for Net Zero (GFANZ). Members of NZBA are committed to aligning their investments and lending with Net Zero emissions by 2050. The alliance works to reinforce, accelerate and support the implementation of decarbonisation strategies, providing an internationally coherent framework and guidelines, supported by peer learning. Yes. Members of NZBA are committed to aligning their investments and lending with Net Zero emissions by 2050. Learn more here.
United Nations Environment Programme Finance Initiative: Principles of Responsible Banking We are one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the UN’s Sustainable Development Goals and the Paris Agreement on Climate Change.  As a signatory of the Principles for Responsible Banking, CIMB joins a coalition of 142 banks worldwide, representing over 41% of global banking assets, committed to play a crucial role towards achieving a sustainable future. Yes. As Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the UN’s Sustainable Development Goals and the Paris Agreement on Climate Change. Learn more here.
United Nations Global Compact (UNGC) We are a participant of the United Nations Global Compact (UNGC) and a member of the Malaysia network. Launched in 2000, the UNGC is a leading voluntary initiative that encourages global businesses to adopt sustainable and socially responsible policies based on ten principles covering human rights, labour, the environment and anti-corruption. Yes. UNGC’s ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. Learn more here.
CEO Action Network (CAN) We co-founded the CEO Action Network (CAN) with our partner, IMPACTO, in 2020 to create a closed-door peer-to-peer informal network of CEOs and board members committed to driving sustainable action in corporate Malaysia. With more than 70 members from over 20 critical sectors, CAN aspires to catalyse its members and the broader economy towards proactively shaping future-ready and ESG-integrated business models and ecosystems. No. There is no mention of the organisation being aligned to the Paris Agreement. However CAN was formed to create a favourable ecosystem for businesses and sustainable development in Malaysia in support of the Malaysian government’s approach which emphasises a ‘Whole of Society’ approach to address the climate emergency. Learn more here.
Joint Committee on Climate Change (JC3) We play an active role in the Joint Committee on Climate Change (JC3), co-chaired by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). JC3 works to mobilise collective action in Malaysia’s financial sector to promote climate resilience both within the sector and in the wider economy. The inputs, insights, and recommendations arising from JC3 are used to shape sustainability policies and regulations set by BNM and the SC. Currently, CIMB co-chairs the JC3 Subcommittee on Governance and Disclosure. Yes.  BNM’s climate strategies both contribute to, and are informed by, Malaysia’s national strategies to meet national commitments made under the Paris Agreement 2015. BNM's approach to climate risk is supported by six tracks of BNM's key functions. Learn more here.
Value Based Intermediation (VBI)

We are strong advocates of BNM’s Value-Based Intermediation (VBI), which aims to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and sustainable value for the economy, community, and environment, and are consistent with the commitment to benefitting shareholders’ sustainable returns and long-term interests. CIMB Islamic is currently part of the sub-working group for the VBI Financing and Investment Impact Assessment Framework (VBIAF) Sectoral Guide on Agriculture, Forestry and Fishing.


Yes.  BNM’s climate strategies both contribute to, and are informed by, Malaysia’s national strategies to meet national commitments made under the Paris Agreement 2015. BNM's approach to climate risk is supported by six tracks of BNM's key functions. Learn more here.

Roadmap to 2030​


We have a robust roadmap to reduce our Scope 1 and 2 emissions to net zero by 2030. Our all-encompassing approach has resulted in a four-pronged strategy designed to address current and long-term operational GHG emissions in an effective, responsible, and resilient manner. Our future capex will align to the following levers:



Our high-level pathway to net zero 2030 is shown in the diagram below. However, this is a forward-looking projection and we anticipate changes in the future based on advancements in technology, policy changes by the government, or new energy schemes in the market.

Short-Term Initiatives (2022 - 2025)


Our focus in the shorter term is on initiatives that yield quick energy-saving returns. Such initiatives include switching to energy-efficient LED lighting, incorporating motion sensors and phasing out old and inefficient single split unit cooling systems. A combination of lighting and cooling upgrades, together with electric vehicle charging, is planned for a selected group of branches pioneering sustainability at CIMB.


Medium-Term Initiatives (2025 - 2027)


Medium-term initiatives require greater expenditure but will yield greater savings. These include automated central monitoring systems, chiller replacements or connections to district cooling systems, and renewable energy systems. While we prefer onsite renewable energy systems, there are limited opportunities within our premises due to the need for sufficiently large roof spaces. We have started with a solar system at some of our headquarters, with plans to install solar photovoltaic (PV) systems for selected head offices and branches across the region.


Additionally, we will purchase Renewable Energy Certificates (RECs) progressively for each country. RECs are market-based instruments representing the rights to renewable electricity generation's environmental benefits. They are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy resource. 


Long-Term Initiatives (Beyond 2027)


CIMB is exploring the purchase of green electricity via available market mechanisms such as the Virtual Power Purchase Agreement (VPPA). Such a mechanism enables organisations like ours to indirectly purchase renewable energy from renewable or solar power providers via the national energy grid on a long-term basis.


We envisage the purchase of high-quality carbon credits, tradable certificates or permits representing the right to emit a set amount of carbon dioxide to tackle our residual scope 1 GHG emissions. However, as the cost of carbon offsets is projected to increase in the coming years, these credits will only be purchased after all other options to reduce carbon emissions have been carried out.



We calculate and report our greenhouse gas (GHG) emissions in accordance with the Greenhouse Gas Protocol, a widely recognized international standard. We utilize the operational control approach, which means we account for 100% of the emissions from operations over which we have control.

The approach and methodology we use to calculate our GHG emissions are categorized into the three main scopes defined by the Greenhouse Gas Protocol:


Scope 1: Direct emissions from sources that we control, including:

  • Emissions from on-site fuel combustion for electricity generation
  • Fuel use in mobile combustion sources such as company vehicles and mobile generators
  • Fugitive emissions from refrigerants used in air-conditioners are located within our operations


Scope 2: Indirect emissions from purchased electricity, heat, or steam that we use. We report both location-based and market-based methods for Scope 2 emissions.

  • Location-based: Reflects the average emissions intensity of the power grid from which we purchase electricity
  • Market-based: Accounts for the specific electricity sources (e.g., renewables) we purchase through green energy mechanism


General Calculation Methodology

We gather energy, fuel and refrigerant consumption data from electricity bills, fuel invoices, and facility management records.


We utilize recognized standard emission factors to convert energy consumption into CO2-equivalent emissions. These factors are sourced from reputable organizations like the Intergovernmental Panel on Climate Change (IPCC) or relevant national authorities.


Depending on data availability and accuracy, we employ a combination of top-down and bottom-up approaches for data collection.


Transparency and Improvement

We are committed to transparency in our reporting and continually strive to improve the accuracy and completeness of our GHG emissions calculations. We will periodically review and update our methodology as needed to reflect best practices and evolving industry standards.

Due to inherent limitations in data collection and estimation methodologies, our GHG emissions calculations may include a degree of uncertainty. We have established a materiality threshold of 5% for our GHG emissions inventory. If any emission source is identified that exceeds this threshold and was not previously accounted for, we will restate our GHG emissions for the affected period. We are committed to ongoing improvement in data quality and will strive to reduce these uncertainties over time.

Internal Carbon Price


As an economic incentive for business units and operating entities across the Group’s markets to reduce their emissions, we set up an Internal Carbon Price (ICP) framework in 2021 where operating entities and business units will be charged a penalty for every tonne of Scope 2 GHG emissions that is in excess of their divisional cap. The ICP was introduced at a country level in 2021. It has been rolled out at a divisional level in 2023.


The objectives of ICP include:

  • To prepare for GHG regulations such as carbon taxes.
  • To drive internal behavioural changes by putting an additional charge on carbon emissions.
  • To include carbon costs into our own investments and upgrades, such that higher carbon investments would yield poorer returns.


Based on benchmarks and projections of prices of renewable energy certificates and carbon credits, as well as carbon taxes, the ICP has been set at RM70 per tonne for 2023. By 2030, we expect to ramp up ICP to between RM275 and RM355 per tonne. Proceeds will be reinvested into green capital expenditure to reduce Scope 1 and Scope 2 emissions or purchase RECs and carbon offsets as needed.


Scope 3 Operational Emissions


In addition to Scopes 1 and 2, we recognize the environmental impact extends beyond our direct operations. We take a comprehensive approach by calculating our Scope 3 emissions, which encompass the indirect emissions associated with our value chain. This includes:


  • Category 1: Purchased Water Emissions - We account for the emissions associated with the extraction, treatment, and delivery of the water we use in our operations.

  • Category 5: Waste Emissions - We consider the emissions generated throughout the lifecycle of the waste we produce, including disposal and potential recycling processes.

  • Category 6: Business Travel - We estimate the emissions generated by employee air travel, car rentals, and other forms of business travel.

  • Category 15: Financed Emissions - We assess the greenhouse gas emissions generated by the activities of the companies and projects we finance.

Category 15 is particularly important for banks like us as it allows us to understand the environmental impact of our lending and investment activities. As a Net Zero Banking Alliance (NZBA) member, we are dedicated to aligning our financing and investment portfolio with a 1.5-degree Celsius temperature rise limit by 2100. This requires reducing client emissions and achieving carbon neutrality in our portfolios. We’re actively developing strategies and making essential internal and client-focused changes in our climate change efforts. For more information on this, refer to our Climate Risk & Strategy section.


We are committed to continuously improving our understanding of our environmental impact. We will progressively include additional Scope 3 categories in the future to provide a more holistic view of our footprint and identify further opportunities for improvement across our entire business ecosystem.

Scope 3 Financed Emissions


Ensuring a just transition to a Net Zero future in Southeast Asia is imperative for achieving inclusive growth in the region's predominantly emerging economies. This journey involves addressing unique challenges, including reliance on primary and extractive industries, the entrenched use of fossil fuels in the energy mix, and the fragmented nature of agricultural production. A successful transition requires engaging companies and communities dependent on carbon-intensive activities, guiding them towards sustainable alternatives, or even fostering new businesses integral to the Net Zero economy. Only through such inclusive efforts can Southeast Asia realise a Net Zero future with equitable societal benefits.


We recognise the important role we play to enable and accelerate this process through the financing and investment decisions we make. As such, in line with our commitment to achieve Net Zero by 2050, we have developed sector-specific 2030 climate targets and accompanying transition plans for some of the most carbon-intensive sectors in our portfolio to manage our Scope 3 financed emissions.


In Sept 2022, we set our first round of 2030 climate targets for two sectors – thermal coal mining and cement – becoming the first Malaysian bank and second ASEAN bank to publish such concrete targets in alignment with globally recognised 1.5°C climate scenarios. We have since expanded the target-setting to our Palm Oil and Power portfolios, marking a significant milestone in our sustainability journey. Concurrently, we are developing targets for Oil & Gas and Real Estate, which are targeted for public release in 2024.


In setting our 2030 Targets, we are mitigating the climate risks in our portfolio and moving to establish our role in financing the activities that underpin the Net Zero economy of the future. More importantly, our plans to achieve our targets declare our clear intention to work closely with existing and new clients to develop, enable and accelerate their transition plans towards Net Zero. In supporting the success of our clients and their stakeholders, we are also securing ours.





As a Net Zero Banking Alliance member, we aim to align our financing and investments with Net Zero by 2050, limiting the temperature increase to 1.5 degrees Celsius by 2100. This means reducing client emissions and achieving carbon neutrality in our portfolios. We're taking a calculated approach to addressing climate change, with significant work ahead to develop the right strategies and enact necessary changes, both internally and with our clients. For the full TCFD-aligned disclosure, refer to the Climate Change: Risks and Opportunities section of our Sustainability Report 2022.

Portfolio Financed Emissions


As a signatory to the Net-Zero Banking Alliance (NZBA), we are expected to measure and report current emissions (absolute emissions and emissions intensity) on an annual basis, and demonstrate that our baseline covers a significant majority of our Scope 3 financed emissions. Meanwhile, stakeholders are increasingly expecting CIMB to assess, identify and prioritise our most carbon intensive sectors, asset classes and/or products, and pivot the same towards low-carbon or Net Zero pathways.


In 2023, we conducted a high-level estimation of our financing and investment portfolios' emissions to gain a comprehensive understanding of our total portfolio emissions and identify key contributing sectors. This estimation was necessary because our detailed financed emissions inventory currently focuses only on nine carbon-intensive sectors, leaving the contributions from other sectors unclear.


To address this gap, we adopted a pragmatic top-down approach1 to estimate the Scope 1 and 2 emissions2 of the remaining sectors3 as of December 31, 2022. This approach involved making several assumptions, such as assuming that all loans/financing and investments are for general corporate purposes.


By aggregating the financed emissions of the nine carbon-intensive sectors with the highlevel estimates of the remaining sectors, we obtained a holistic view of the Group’s total portfolio emissions. This exercise enables us to better understand our exposures and absolute emissions across various sectors. This portfolio view provides several useful insights that can be used to enrich our financed emissions inventory and steer the Group’s decarbonisation strategy moving forward:


• Collectively, carbon-intensive sectors (i.e., Agriculture, Cement, Coal, Iron, Steel and Aluminium, Oil and Gas, Real Estate⁴, Transport⁵, Power⁶) as listed in the UNEP FI Guidelines for Climate Target Setting for Banks, which make up to 55% of the Group’s financing and investment portfolios, contribute to around 71%, a significant majority, of our total portfolio financed emissions


• The rest of the sectors only contribute to 29% of our total financed emissions, despite making up close to half of the Group’s financing and investment exposures

Figure 3: Scope 3 Financed Emissions for FY2021


Figure 4: Scope 3 Financed Emissions for FY2020


Figure 5: Scope 3 Financed Emissions for FY2019


The table below provides an overview of the production trajectory alignment of selected portfolios in 2025:

Guiding Principle Our Approach

Map against the International Standard Industrial Classification of All Economic Activities (ISIC) and define our boundary

Before performing any measurement or estimation, we map the internal sector codes of our clients against the ISIC. We then identify which ISIC codes should be included in the boundary of our financed emissions. Generally, only clients operating in the upstream and mid-stream segments of their sectors are included, in line with current market practices and guidance, including the Science Based Targets initiative's (SBTi) Financial Sector Science-Based Targets Guidance.

Focus efforts on the largest exposures

For the non-retail segment, we focus on assessing the top 70% of our clients (based on principal balance) within each identified sector. This ensures that we allocate our resources where they matter most. For these clients, we use the highest data quality possible to derive their emissions. The remaining 30%, which are usually made up of small exposures, are estimated using financial data, where available. For the retail segment (i.e., mortgages and hire purchases), 100% of the book is estimated using a standardised approach for the highest data quality

Strive to use data of the highest quality

We strive to capture clients’ self-reported emissions, where possible. This ensures that the data we use is as accurate as possible. Where self-reported data is not available, we use proxies such as physical activity data (e.g., metric tonnes of steel produced) or revenue/ assets. These proxies are used to calculate estimated emissions using industry average emission factors. The average PCAF data quality score for each sector is disclosed alongside the emissions data for transparency.
Leverage PCAF database of emission factors We rely on emission factors provided in the PCAF web-based emission factors database , which is only accessible to PCAF members, to estimate the emissions of our clients in a given sector. If an emission factor is not available on PCAF, we identify an alternative factor from scientific research papers, government databases and other credible sources.
Extrapolate to estimate emissions for remaining clients In the absence of financial and physical activity data (especially for private companies and SMEs), we apply an internal extrapolation approach to estimate the emissions for the remaining clients, by applying the average financed emissions intensity of clients for which we have data within the same sector.

Risk Management


We are guided by our Sustainability Risk Management Framework, which ensures that our approach to the assessment and management of sustainability risks is consistent with the Group’s Enterprise-wide Risk Management Framework.


Sustainability Risk, which includes climate-related Transition Risk and Physical Risk, is recognised both as a principal and a cross-cutting risk that can impact other risk categories such as credit risk, reputational risk, operational risk, market risk, as well as liquidity and funding risk. In light of this, we have initiated a review of the Group Risk Library to provide clarity to the interconnected nature of Sustainability Risk (including climate) as well as the roles and responsibilities of various parties in managing such risks across the organisation.


Assessing and managing our exposure to climate-related risks

We apply a multi-faceted approach to climate risk assessment, guided by the following principles:

  • Embed Climate Risk Considerations
    Wherever possible, we embed climate risk considerations into an existing risk ecosystem, such as our Enterprise-wid Risk Management Framework, Group Risk Library, among others

  • Take Risk-based Approach
    We take a risk-based approach to assessing and managing climate risks, focusing on areas that are most material to CIMB and the climate

  • Deploy Quantitative Tools
    We use quantitative tools and contextualise climate risks using common risk and financial metrics, especially for scenario analysis and stress testing

  • Constantly Strengthen Data
    We continually develop and strengthen the quality of climate data such as improving the availability and quality of our clients’ greenhouse gas emissions

  • Synergise Top-down, Bottom-up Assessments
    We converge top-down portfolio-level assessment with bottom-up customer-level analysis to gain meaningful insights and enable more targeted actions