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Overview

 

At CIMB, our approach to sustainable and responsible finance is centred on the dual purposes of supporting our clients in realising opportunities to create enduring positive outcomes, while managing environmental and social risks. We see an immense opportunity to enable our clients to transition to a low-carbon and more equitable society. At the same time, we recognise our responsibility to proactively help our clients to manage and protect themselves from evolving sustainability risks. By doing so, we minimise the risk of stranded assets, potential client defaults and reputational damage. 

Sustainable Finance Framework

We have established internal governance structures, policies and frameworks to guide our efforts towards Impact Finance opportunities, while managing environmental and social (E&S) risks in our dealings with clients, partners and other stakeholders.

 

Our Sustainable Finance Framework (SFF) guides the implementation of Impact Finance within the Group in alignment with globally accepted principles and credible frameworks. At the same, we aim to be a responsible financial institution, and have laid out our approach to minimising environmental and social risks in our financing in this same document.

 

Managing E&S Risks in Financing Transactions​

 

We work closely with our clients to manage and mitigate their environmental and social risks, and encourage them to transition towards more resilient and sustainable business models. Through sustainable and responsible financing practices, we help to protect our customers, our business and the financial system as a whole. ​

Group Sustainable Financing Policy (GSFP)

 

The Group Sustainable Financing Policy (GSFP) governs the handling of environmental and social risks in non-retail financing and capital-raising transactions. The GSFP enables CIMB to make informed decisions aligned with our values and aspiration to provide responsible and sustainable financial services.

 

Through the GSFP, the Group identifies, assesses and manages risks arising from financing clients and sectors that have the most impact on, and are most vulnerable to, environmental and social risks.​

 

Key elements of GSFP include an Exclusion List of activities, a structured Sustainability Risk Assessment process which outlines how and when sustainability due diligence will be carried out, Sustainability Sensitive Sector Position Statements and related Sector Guides for seven key sectors (palm oil, forestry, oil and gas, construction and infrastructure, coal, mining and quarrying, and manufacturing), Approval and Escalations routes, Client Engagement and Action Plans, as well as a Sustainability Watchlist.

 

Full details of our GSFP and its elements can be found in our Sustainable Finance Framework.

 

Green, Social, Sustainable Impact Products and Services

 

Our commitment to continuously create positive and sustainable impact through our financing is encapsulated in our Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework, which provides a guide and an internal taxonomy for the Group to deliver impactful sustainable finance. It is a living document that allows for emerging sectors, technologies and financing instruments, where we can support our clients to transition to a low-carbon and sustainable future. The GSSIPS Framework guides our efforts towards facilitating a just transition and positive social outcomes through our products and services, and is aligned with the principles of Islamic finance through the Value Based Intermediation (VBI), as well as global frameworks and goals such as the UN SDGs.

 

Through the GSSIPS framework, our frontliners are empowered to consistently identify and encourage eligible sustainable financing activities that produce positive impacts for the environment and society, while minimising potential greenwashing risk. With sustainable finance taxonomies evolving throughout the region, we seek to continue refining our framework to keep pace with industry standards, such as enhanced principles and technical screening criteria for transition finance.

 

To complement our GSSIPS Framework, we have developed a set of Guiding Principles that provides clarity on our classification and reporting practices.  

More information on the GSSIPS Framework and Guiding Principles can be found in our Sustainable Finance Framework.​

You may also like

Our Roadmap
Climate Change
Risk Management and Business Resilience
Nature and Biodiversity
Human Rights
Our Path to Net Zero Whitepaper
Statement on Biodiversity and Nature
Our Sustainable Finance Framework
Latest Sustainability Report
The Cooler Earth Sustainability Series

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