CIMB sets 2030 climate goals

CIMB Group Holdings Bhd group chief sustainability officer Luanne Sieh (left) and CIMB Malaysia and CIMB Bank Bhd chief executive officer Gurdip Singh Sidhu (right).

KUALA LUMPUR: CIMB Group Holdings Bhd will no longer provide new dedicated financing for upstream oil fields starting from Jan 1, 2025.

This is a part of the bank’s 2030 decarbonisation targets that was unveiled in Kuala Lumpur yesterday.