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Select an assessment year:

  • Overall approach
    3/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      2/2
      Yes
      2/2
      How is awareness shown?: Statement on deforestation/conversion showing understanding of risks to the financial institution

      Is the financial risk recognised by the financial institution reputational, financial, material, etc.?: Material
      Deforestation risk is defined in the sustainability report as "The risk arising from developments and other industrial activities on forested areas, including those designated as national or state reserves and High Conservation Value/High Carbon Stock areas as assessed by a credible technical assessor"
    • Target to reduce emissions in scope 1/2
      No
      0/0
      Type of climate target: Other/unclear

      What is the target date for the financial institution to achieve their climate target?: 2023
      "committed to align our portfolios to reflect and finance the low-carbon, climate-resilient economy required to limit global warming to well below 2, striving for 1.5 degree Celsius in accordance with the Paris Agreement. We commit to mobilise our products, services and relationships to help facilitate the economic transition necessary to achieve climate neutrality.[...] We also plan to set long-term sector specific targets for portfolio alignment by 2023."
    • Company must have anti-corruption policy
      1/2
      Yes, either an anti-corruption policy or a policy on prohibiting abusive tax arrangements
      1/2
      "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."
  • Commodity score
    15/90
    • Beef & Leather
      3/90
      • Commitment Strength
        3/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          What does green finance product cover?: Deforestation
          The SDG bond framework states that its eligible assets include "Financing for : Sustainable forest management and avoided deforestation (i.e. with certification from the FSC, PEFC, MTCC)"
    • Palm oil
      30/90
      • Commitment Strength
        14/31
        • Commodity-specific deforestation financing policy
          7.6/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "we actively encourage clients to commit to NDPE"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "we actively encourage clients to commit to NDPE"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "we actively encourage clients to commit to NDPE"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "we actively encourage clients to commit to NDPE"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "we actively encourage clients to commit to NDPE"
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          3.6/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          3/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            They discuss having identified and mitigated risks related to the palm oil sector through their clients, including "Respect for indigenous and customary land use rights including ensuring FPIC"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            They discuss having identified and mitigated risks related to the palm oil sector through their clients, including "Respect for indigenous and customary land use rights including ensuring FPIC"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            They discuss having identified and mitigated risks related to the palm oil sector through their clients, including "Respect for indigenous and customary land use rights including ensuring FPIC"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            They discuss having identified and mitigated risks related to the palm oil sector through their clients, including "Respect for indigenous and customary land use rights including ensuring FPIC"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            They discuss having identified and mitigated risks related to the palm oil sector through their clients, including "Respect for indigenous and customary land use rights including ensuring FPIC"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        13/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
           "CIMB has developed internal sector guides on E&S risks for the following industries: Palm Oil [...] 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."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "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"
        • Monitoring and non-compliance process
          Check at time of onboarding
          2.5/5
          Monitoring and non-compliance process
          Check at time of onboarding
          2.5/5
          "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."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "If the clients do not meet these minimum criteria at the point of new financing approval or review, a time-bound action plan with reasonable targets for completion are agreed with the client. We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
           FI reports on the total number of high risk clients screened "Enhanced Sustainability Due Diligence 2019 - Total high risk clients screened 44"
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          The SDG bond framework states that its eligible assets include "Financing for : Sustainable forest management and avoided deforestation (i.e. with certification from the FSC, PEFC, MTCC)"
    • Soy
      3/90
      • Commitment Strength
        3/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          What does green finance product cover?: Deforestation
          The SDG bond framework states that its eligible assets include "Financing for : Sustainable forest management and avoided deforestation (i.e. with certification from the FSC, PEFC, MTCC)"
    • Timber, Pulp & Paper
      23/90
      • Commitment Strength
        10/31
        • Commodity-specific deforestation financing policy
          3.6/9.6
          • Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            Commitment details
            Protects globally important landscapes (including UNESCO World Heritage Sites RAMSAR wetlands IUCN category 1-4 areas protected areas)
            2/8
            "Beyond the sustainability due diligence process, CIMB also has an Exclusion List, which includes the first-level screening criteria, where we take a zero-tolerance approach. We do not conduct business with entities that are directly linked (with evidence) to one or more of the following: [...]illegal logging or uncontrolled fire[...]activities impacting UNESCO World Heritage Sites [...] We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance. [...]Forestry"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Beyond the sustainability due diligence process, CIMB also has an Exclusion List, which includes the first-level screening criteria, where we take a zero-tolerance approach. We do not conduct business with entities that are directly linked (with evidence) to one or more of the following: [...]illegal logging or uncontrolled fire[...]activities impacting UNESCO World Heritage Sites [...] We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance. [...]Forestry"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Beyond the sustainability due diligence process, CIMB also has an Exclusion List, which includes the first-level screening criteria, where we take a zero-tolerance approach. We do not conduct business with entities that are directly linked (with evidence) to one or more of the following: [...]illegal logging or uncontrolled fire[...]activities impacting UNESCO World Heritage Sites [...] We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance. [...]Forestry"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Beyond the sustainability due diligence process, CIMB also has an Exclusion List, which includes the first-level screening criteria, where we take a zero-tolerance approach. We do not conduct business with entities that are directly linked (with evidence) to one or more of the following: [...]illegal logging or uncontrolled fire[...]activities impacting UNESCO World Heritage Sites [...] We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance. [...]Forestry"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Beyond the sustainability due diligence process, CIMB also has an Exclusion List, which includes the first-level screening criteria, where we take a zero-tolerance approach. We do not conduct business with entities that are directly linked (with evidence) to one or more of the following: [...]illegal logging or uncontrolled fire[...]activities impacting UNESCO World Heritage Sites [...] We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance. [...]Forestry"
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "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 [...] • illegal logging or uncontrolled fire"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          3.6/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "As such, we actively encourage clients to commit to NDPE and conduct High Conservation Value (HCV) and High Carbon Stock (HCS) assessments prior to new developments"
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        13/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          "CIMB has developed internal sector guides on E&S risks for the following industries: [...] Forestry Sector [...] 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. [...] illegal logging"
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "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"
        • Monitoring and non-compliance process
          Check at time of onboarding
          2.5/5
          Monitoring and non-compliance process
          Check at time of onboarding
          2.5/5
          "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."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "If the clients do not meet these minimum criteria at the point of new financing approval or review, a time-bound action plan with reasonable targets for completion are agreed with the client. We also include a list of best practices in our sector guides for selected high sustainability risk sectors to encourage and support clients in their journey to improve their sustainability performance."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
           FI reports on the total number of high risk clients screened "Enhanced Sustainability Due Diligence 2019 - Total high risk clients screened 44"
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          What does green finance product cover?: Deforestation
          The SDG bond framework states that its eligible assets include "Financing for : Sustainable forest management and avoided deforestation (i.e. with certification from the FSC, PEFC, MTCC)"
  • Commitment strength
    8/31
    Avg. score
  • Reporting and Implementation
    7/31
    Avg. score
  • Social considerations
    1/28
    Avg. score

Profile

CIMB Group is a Southeast Asian banking group headquartered in Malaysia serving private and commercial clients. Its services include corporate finance, treasury markets, investment banking, insurance, wealth management and retail banking. CIMB Group is one of the top lenders to Forest 500 companies, predominantly in the agriculture and agricultural commodity sectors.

HQ
HQ 
Malaysia
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.