CIMB raises sustainable finance target to $70.5b by 2030

It plans to grow its sustainable finance capabilities to support regional and national plans.

CIMB Group Holdings Berhad has set a new sustainable finance target of $70.5b (MYR300b) by 2030.

Since introducing its sustainable finance roadmap in 2021, the Malaysian bank has tripled its sustainable finance target twice: from $7.05b (MYR30b) to $23.5b (MYR100b) from 2021-2024, and the latest target expansion.

CIMB said that it plans to grow its sustainable finance capabilities, with 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).

The bank said that it intends to work closely with clients to adopt responsible business practices, whilst mitigating the impact of potential carbon taxes, as well as electricity tariff hikes.

CIMB also outlined plans to help small and medium enterprises (SMEs) and individuals in improving their environmental performance and making sustainable lifestyles more accessible and rewarding.

(US$1 = MYR4.25; as of 14 July 2025, Google, From Morningstar)