Sustainability

Our Philosophy

CIMB Thai adheres to CIMB Group ‘s Philosophy where our view of our business goes beyond short-term profits. CIMB Thai continues to be a progressive financial institution, fulfilling not only the expectations of our stakeholders today, but safeguarding the needs of future generations.

Our core business of banking aspires to fulfill the promise of a better future, where economic growth empowers people and businesses, creates new opportunities, and reduces social inequalities. With sustainable banking practices, we operate to achieve growth that is meaningful for everyone who shares this vision.

This also means that we acknowledge the impacts of our business as well as our people on the planet as well as society. Our commitment is to operate in a way where we assume accountability and responsibility towards our actions, while minimizing negative impacts and creating net positive impact. In short, our promise of a better future inspires us to optimize our capabilities, resources, and influence for creating positive economic, environmental and social impact.

Banking for the Future’ is our philosophy for taking a long-term view on business. We want to be on the right side of history by helping to build a sustainable future for our customers and partners in growth, including our employees and communities.  

Our Guiding Principles

CIMB Thai’s approach to sustainability (including risk management) is guided by CIMB Group’s key principles. More details on CIMB Group’s Sustainability Roadmap can be found in the link below https://www.cimb.com/en/sustainability/sustainability-cimb.html

Our Priority UN Sustainable Development Goals (SDGs)

CIMB Thai adopts the same UN Sustainable Development Goals (SDGs) as CIMB Group as illustrated below. More details on CIMB Group’s Sustainability Roadmap can be found in the link below https://www.cimb.com/en/sustainability/sustainability-cimb.html

UNEP FI Principles for Responsible Banking

In September 2021, CIMB Thai became one of the signatories of the Principles for Responsible Banking organized by the Thai Banking Association and UNEP Finance Initiative.

On 13th Aug 2019, Bank of Thailand (BOT) has requested Thai Banking Association (TBA) to collaborate with banks in Thailand to draft responsible lending guideline and expected banks to sign the Memorandum of Understanding (MOU) to incorporate this guideline in banks’ lending activities. CIMB Thai was one of the signatories among all 15 banks.

More details on CIMB Group’s UNEP FI Principles for Responsible Banking can be found in the link below

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

Collective Commitment to Climate Action

In October 2020, CIMB Group signed the Collective Commitment to Climate Action. Thus, as a part of CIMB Group, CIMB Thai will play our role and actively support the Group in this commitment.

More details on CIMB Group’s Collective Commitment to Climate Action can be found in the link below

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

Our Scorecard

As part of our efforts to achieve our sustainability aspirations,  CIMB Thai has adopted and developed performance indicators that embeds key ESG measurements in ensuring our business adheres to the Group’s Sustainability Roadmap. The comprehensive scorecard is implemented bank-wide across all departments to ensure collective sustainable action.

Key Performance Highlights

With 2020 being the first year of our 2-year Sustainability Roadmap, it was a year for us to build the right foundation to anchor our five sustainability pillars or focus areas. CIMB's near-term objectives have been to raise awareness, build capability, garner support from our network of stakeholders, and motivate action. In the mid to long-term, our aspiration is to influence, shape and forward the sustainability agenda in the ASEAN region.

Our key performance highlights are summarised based on our five sustainability pillars or focus areas (all data provided as at 31 December 2021). 

“CIMB Thai, as a part of CIMB Group, is highly committed to achieving our sustainability aspirations and goals. In line with this, we strive to optimize our stakeholders’ benefits, while taking into account our businesses’ impact towards the environment and society. CIMB Thai will incorporate the principles of sustainable risk management and effective corporate governance consistent with the United Nations Sustainable Development Goals (SDGs) and other international standards as we strive towards building a sustainable future for all.”

Paul Wong Chee Wong

Director/ President and CEO/Acting Head of Wholesale Banking Acting Head of Commercial Banking

For more details and information, please contact  Sustainability Team

on Business day during 8:30 A.M. – 5:00 P.M. 

Email : sustainability@cimbthai.com

Address

CIMB Thai Bank Public Company Limited Headquarter Building

44 Langsuan Road, Lumpini, Patumwan, Bangkok 10330, Thailand