CIMB sets 2030 climate goals, first Malaysian bank to target high-emission sectors

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CIMB sets 2030 climate goals, first Malaysian bank to target high-emission sectors
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MAKASSAR, (Indonesia): A woman was found dead inside the belly of a snake after it swallowed her whole in central Indonesia, the police said on Wednesday (July 3), the second python killing in the province in a month.

CIMB Group Holdings Bhd group chief sustainability officer Luanne Sieh and CIMB Malaysia and CIMB Bank Bhd chief executive officer Gurdip Singh Sidhu .Holdings Bhd has set climate targets for its oil, gas, and real estate portfolios, becoming the first Malaysian bank to establish 2030 decarbonisation goals for high-emission sectors.

“We are pleased to announce the completion of CIMB’s 2030 decarbonisation targets, marking a significant milestone toward realising our long-term Net Zero target by 2050. These interim targets demonstrate our accountability and reinforce our commitment to facilitating a just transition across Asean. To that end, CIMB aims to facilitate the transition by reducing the Financed Emissions Lending Intensity of its oil and gas portfolio by 16% by 2030. This target encompasses Scope 1, 2 and 3 emissions originating from pure-play upstream exploration and production companies as well as integrated oil and gas players.

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CIMB Net Zero Decarbonisation Gurdip Singh Sidhu Luanne Sieh

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