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 (Scopes 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:

Coal Sector
Reducing the financing portfolio for thermal coal mining to 50% from the 2021 baseline by prohibiting financing to greenfield thermal coal mines and coal-fired power plants, including expansions, since 2020.
Cement Sector
Reducing the physical intensity of financing clients in the cement sector by 36% from 2021 baseline by encouraging our clients to support the adoption of tecnologies that reduce emission
Palm Oil Sector
Reducing emissions intensity of our palm oil portfolio by 16% from 2022 baseline through supporting our clients to shift their business towards sustainable palm oil.
Power Sector
Reducing emissions intensity by 38% from 2022 baseline, with a focus on low-carbon and renewable alternative energy sources to accelerate customer’s decarbonization plans.
Oil & Gas Sector
Reducing financed emissions lending intensity of oil & gas portfolio by 16% from 2022 baseline and no longer provide new dedicated financing for new oil field projects approved for development after 31 December 2021.
Real Estate Sector
Reducing physical emissions intensity of real estate portfolio by 34% from baseline 2022 by financing the development, retrofit, and maintenance of more energy efficient buildings.