Our Pledge Towards Sustainability

As the second largest private Bank and corporate citizen in Indonesia, we aim to:

Integrate EES

Integrate Environmental, Economic, and Social (EES) considerations into all aspects of our business.

Demonstrate Sustainability Leadership

Demonstrate leadership in sustainability by investing resources and influencing our networks to ensure that our business activities have a net positive impact on our existing and future stakeholders over the long term.

'Banking for the future’ is our philosophy for taking a long-term view on business, to build a sustainable future for CIMB Niaga and our partners in growth, including our employees, customers, and communities.

Bank together with CIMB Group has a sustainability commitment, as follows:

1

Net zero GHG emissions for Scopes 1 and 2 in operations by 2030

2

Net zero GHG emissions for the entire organization by 2050 (Scope 1, 2, and 3)

3

No Deforestation, No Peat, No Exploitation (NDPE) commitment

4

Mobilizing RM100 billion or equivalent to IDR208 trillion towards Sustainable Finance by 2024

5

Invest RM150 million over five years and 100,000 in employee volunteerism hours annually by 2024

Our Climate Action Commitment

CIMB Niaga together with CIMB Group has stepped in another important milestones in our sustainability journey by setting 2030 targets towards Net Zero by 2050 for several sectors, as follows:

Thermal Coal Mining Sector
Reduce the financing portfolio of the thermal coal mining sector by 50% from the 2021 baseline
Cement Sector
Reduce the physical emission intensity of customers in the cement sector by 36% from the 2021 baseline
Palm Oil Sector
Reduce the emission intensity of the palm oil portfolio by 16% from the 2022 baseline. This is done by engaging customers to shift their production towards sustainable palm oil.
Power Sector
Reduce the emission intensity of the power portfolio by 38% (from the 2022 baseline), with a focus on alternative low-carbon and renewable energy sources to accelerate the decarbonization plans of customers.
Real Estate Sector
Reduce the physical emissions intensity of customers in the real estate sector by 34% (from 2022 baseline), by funding the development, retrofit and maintenance of more energy-efficient buildings.
Oil & Gas Sector
Reduce the emissions intensity of financing for customers in the oil and gas sector by 16% (from the 2022 baseline) and no longer provide new financing for greenfield mining projects whose development is approved after 31 December 2021.