CIMB GroupMalaysia
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Policies
Policy Assessments
Dodgy Deals
Dodgy Deals Map
Documents
News
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Created before Nov 2016
Last update: 2021-11-11 00:00:00
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About CIMB Group

CIMB Group is a large commercial bank headquarted in Kuala Lumpur, Malaysia. It was founded in 1924 as Bian Ching Bank in Kuching. After several mergers with other banks such as Ban Hin Lee Bank, Bank Lippo, Bank Niaga, United Asian Bank, Southern Bank and Bumiputra Commerce Bank, CIMB Group was officially formed in 2006. Its operations are focused on Consumer Banking, Corporate & Institutional Banking and Markets and Group Asset Management & Insurance. CIMB's investment bank is one of the largests in Asia. It also has an Islamic banking and finance franchise, called CIMB Islamic.

Website http://www.cimb.com
Headquarters
Jalan Raja Laut
50350 Kuala Lumpur
Malaysia
CEO/chair Dato' Abdul Rahman Ahmad
CEO
Supervisor
Central Bank of Malaysia
Annual reports Annual report 2020
CSR report 2020
Ownership
listed on Bursa Malaysia

CIMB Group's largest shareholder is Khazanah Nasional (a sovereign wealth fund owned by the Government of Malaysia) with 25.6% of the shares (dated Nov 15 2021). The bank's complete shareholder structure can be accessed here.

Complaints and grievances

CIMB Group operates a Grievance Redressal channel which can be accessed here.

Related Dodgy Deals

CIMB Group has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Active profiles
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On record profiles

Policy Assessments

Banks and Human Rights

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
CIMB Group
MYS
2.5
Laggard
Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
blog
external news
our news

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
blog
external news
our news

Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?

How the year's 'Paris-alignment' moves stack up against the measures needed to tackle the climate crisis
2020-12-12 | BankTrack
blog
external news
our news

Malaysia's CIMB commits to phase out coal financing by 2040

2020-12-08 | Reuters
blog
external news
our news

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20 | BankTrack, Rainforest Action Network, and partners
blog
external news
our news

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
blog
external news
our news

Banks are fueling deadly fires, Covid-19 threatens to compound the risks

2020-09-08 | forestsandfinance.org
blog
external news
our news

Major Brands and Banks Complicit in the Production of Conflict Palm Oil on Stolen Community Lands in Indonesia

2020-08-21 | Rainforest Action Network
blog
external news
our news

New report profiles major brands and banks driving deforestation and human rights abuses, failing to meet 2020 commitments

2020-03-31 | San Francisco | Rainforest Action Network
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

Major international banks and investors finance devastating impacts of forest-risk commodities

New report finds eight corporate giants in palm oil, pulp and paper, timber and rubber involved in social and environmental scandal; exposes financial banking
2017-04-24 | Tokyo | Rainforest Action Network
blog
external news
our news

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network

Documents

Type:
Year:
csr policies

Governance and risk (includes sustainability policy, sustainability risk management framework, human rights policy)

Date listed represents date as accessed on website
2021-11-15 00:00:00 | CIMB Group
csr policies

Coal financing policy

(page 13 of this document)
2021-09-22 00:00:00 | CIMB Group
ngo documents

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

2021-06-28 00:00:00 | Chain Reaction Research
ngo documents

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

2021-06-23 00:00:00 | Forests and Finance
ngo documents

Keep Forests Standing

Evaluating the Brands and Banks Driving Deforestation and Human Rights Abuses
2021-04-28 00:00:00 | Rainforest Action Network
annual reports

Annual report 2020

2021-03-17 00:00:00 | CIMB
annual reports

CSR report 2020

2021-03-17 00:00:00 | CIMB
other documents

Collective Commitment to Climate Action - Year One in Review

2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking
ngo documents

Letter to banks and investors on Indofood labor exploitation

2020-11-19 00:00:00 | Rainforest Action Network
our publications

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
our publications

Civil Society Statement on the new Principles for Responsible Banking

2019-09-22 00:00:00 | BankTrack and others
other documents

Collective Commitment to Climate Action

2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking
correspondence

Letter from CIMB to BankTrack on PRB implementation

2019-09-11 00:00:00 | CIMB
ngo documents

Bank Policy Matrix

2018-12-10 00:00:00 | Forests & Finance Coalition
bank documents

Modern slavery statement 2017

2017-10-31 00:00:00 | CIMB
ngo documents

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents

Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division

2017-01-31 00:00:00 | RAN, TuK & Profundo
ngo documents

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
bank documents

Code of Conduct

2016-05-18 00:00:00 | CIMB Group
annual reports

Sustainability Report 2014

2015-04-13 00:00:00 | CIMB
annual reports

Annual Report 2014

2015-04-13 00:00:00 | CIMB Group
annual reports

Annual Report 2013

2015-04-13 00:00:00 | CIMB
annual reports

Sustainability Report 2013

2015-04-13 00:00:00 | CIMB

Links

CIMB Niaga ResponsiBank

CIMB on the Indonesian Fair Finance Guide (Responsibank)
http://responsibank.id/banks/bank/cimb-niaga/

Corporate Social Responsibility CIMB Group

https://www.cimb.com/en/sustainability/sustainability-cimb.html

Policies

Exclusions

Coal Electric Power Generation

Source

Coal Mining

Source

Voluntary standards

CIMB Group has committed itself to the following voluntary standards:

Investment policies

CIMB Group's web page on corporate social responsibility can be accessed here.

Year:
csr policies

Governance and risk (includes sustainability policy, sustainability risk management framework, human rights policy)

Date listed represents date as accessed on website
2021-11-15 00:00:00 | CIMB Group
csr policies

Coal financing policy

(page 13 of this document)
2021-09-22 00:00:00 | CIMB Group

Good moves

Year: