CIMB targets RM30bil in sustainable finance by 2024

KUALA LUMPUR: CIMB Group Holdings Bhd 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.

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.

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.