CIMB BECOMES THE FIRST MALAYSIAN BANK TO COMPLETE 2030 DECARBONISATION TARGETS FOR HIGH-EMITTING SECTORS, ACCELERATING ITS SUSTAINABILITY JOURNEY TOWARDS NET ZERO BY 2050

KUALA LUMPUR, CIMB Group Holdings Berhad ('CIMB' or 'the Group') today announced its 2030 climate targets for its oil and gas and real estate portfolios, thus becoming the first Malaysian bank to complete its 2030 decarbonisation target setting for high-emitting sectors in pursuit of its broader 2050 Net Zero commitments, that include thermal coal mining, cement, palm oil and power.The Group has also updated its previously published whitepaper detailing its decarbonisation plans, meticulously delineating sector-specific pathways and immediate strategies for all six sectors, which collectively accounts for 60% of the Group's financing portfolio emissions as of 2023.Source: BERNAMA News Agency