CIMB sets 2030 climate goals, first Malaysian bank to target high-emission sectors

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KUALA LUMPUR: CIMB Group Holdings Bhd has set climate targets for its oil, gas, and real estate portfolios, becoming the first Malaysian bank to establish 2030 decarbonisation goals for high-emission sectors.

CIMB is committed to assisting its oil and gas clients as they decarbonise and shift towards renewable and low-carbon alternatives in their portfolios.

These interim targets demonstrate our accountability and reinforce our commitment to facilitating a just transition across Asean.“By breaking down our long-term goal into actionable and measurable milestones, we are paving the way for tangible progress.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Net Zero CIMB Gurdip Singh Sidhu Decarbonisation /Business/Business News Luanne Sieh Banking

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 15:33:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21469126

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