CIMB Group

As part of the GSFP, we developed specific Sector Guides detailing our expectations of clients in the Palm Oil [...] and Forestry sectors. With the GSFP and Sector Guides, we intend to promote and encourage sustainable practices beyond compliance across our clientele. [...] We are committed to encouraging our clients to adopt sustainable practices and identify, monitor, and mitigate negative impacts that may arise from our financing activities. Among the issues that raise material concerns for CIMB include industries with significant exposure to the following risks: deforestation [...] biodiversity loss [...] In cases where clients are identified to be potentially linked to these issues, we may recommend time-bound environmental and social action plans to mitigate the risk of negative impacts if safeguards have not already been put in place. We have processes in place to periodically follow-up on and monitor the completion of agreed action plans, as well as address cases of non-compliance to the agreed plan"

"As explicitly stated in our Group Sustainability Policy, CIMB does not conduct business with entities that are directly linked (with evidence) to one or more of the following: • illegal activities • bribery and corruption [...] We adopt a zero-tolerance approach to any acts of bribery or corruption perpetrated by employees, suppliers and others with whom we do business or who act on our behalf."

"In 2020, our Group Sustainable Financing Policy and related Sector Guides will be rolled-out to all other key markets outside Malaysia and will be reviewed to strengthen our alignment with global sustainability drivers and our international commitments. [...] As part of the Group Sustainable Financing Policy (GSFP), we are required to carry out self-control testing every 6 months to review samples of facilities and ensure compliance to the policy. In addition, The Board will periodically review the adequacy and effectiveness of the GSFP"

"In each sector guide, CIMB has specified industry specific minimum requirements for financing clients. In the event that clients are not meeting these requirements at the point of new financing approval or review, a time-bound action plan with reasonable targets for completion would be agreed with the client. The sector guides also specify certain prohibited activities that would cause CIMB to cease business with a client, in addition to those listed in the Exclusion List."

FI reports on the total number of high risk clients screened "Enhanced Sustainability Due Diligence 2019 - Total high risk clients screened 44"