Photo courtesy of CIMB.

CIMB raises sustainable finance target to $13.7b by 2024

The bank has already directed close to $9.6b in sustainable finance since 2021.

CIMB Group has raised its sustainability finance target to $13.7b (RM100b) by 2024.

The increased target comes after CIMB already achieved its over $8.2b (RM60b) target in 2022, ahead of plan.

To date, CIMB said that it has directed close to $9.6b (RM70b) in sustainable finance since 2021.

ALSO READ: Strong income drives CIMB to a 26.2% net profit growth in H1

The new target is guided by CIMB’s Green, Social, Sustainable Impact Products and Services (GSSIPS), which serves as the group’s internal taxonomy for sustainable finance. In line with the framework, CIMB’s commitment includes, green, social and sustainable, as well as sustainability-linked, retail, corporate and commercial financing, trade financing, debt and equity capital markets, wealth management and Treasury solutions.

Beyond 2024, CIMB also targets achieving net zero greenhouse gas (GHG) emissions, including scope 3 financed emissions, by 2050.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Digibank by DBS sets new digital banking standards
Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.