KUALA LUMPUR: CIMB Group Holdings Bhd
has announced a new sustainable finance target of RM300bil by 2030, which reaffirms its commitment to help its clients navigate risks and build resilience in a lower-carbon, more inclusive economy.
In a statement, the group said sustainable finance is a central pillar of its 2030 sustainability roadmap, and is an integral component of its Forward30 strategy.
Since introducing its sustainable finance roadmap in 2021, CIMB has progressively raised its ambitions, tripling its sustainable finance target from RM30bil to RM100bil for the 2021–2024 period, and now significantly expanding its commitment through 2030.
Novan Amirudin, Group Chief Executive Officer and Executive Director of CIMB Group, said:
“Our ambitious sustainable finance target, which is three times higher than our previous target, is anchored on our purpose of advancing customers and society.
"We have a critical role to play in supporting our clients in their sustainability journeys, and enabling them to thrive in a low-carbon economy.
The group plans to grow its sustainable finance capabilities, with the aim of supporting
regional and national plans such as the ASEAN Power Grid, the National Energy Transition
Roadmap (NETR) and the Johor-Singapore Special Economic Zone (JS-SEZ).
It intends to work closely with clients to adopt responsible business practices, while mitigating the impact of potential carbon taxes, as well as electricity tariff hikes, in order to build long-term resilience and enhanced competitiveness in international markets.
“Our ambition goes beyond financing – it’s about deepening partnerships, creating real value and ensuring that the transition is not only green, but fair and inclusive,” said Novan.
