CIMB takes lead in transition to green economy

HLIB Research said CIMB is one of the leaders in the environmental, social and governance (ESG) space.

PETALING JAYA: Banks play a crucial role in financing the transition to a greener economy and CIMB Group Holdings Bhd appears to be hitting the right note on this front locally.

On Wednesday, the banking group, which is majority-owned by Khazanah Nasional Bhd, broke down its decarbonising targets for high carbon-emitting sectors for 2030, being the first amongst the local banks. The chief sectors include oil and gas (O&G) and real estate.