NEW YORK, 23 September 2019 – CIMB Group Holdings Berhad (“the Group” or “CIMB”) today became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the UN’s Sustainable Development Goals and the Paris Agreement on Climate Change.
As a signatory of the Principles for Responsible Banking, CIMB joins a coalition of 130 banks worldwide, representing over USD47 trillion in assets, committed to play a crucial role towards achieving a sustainable future.
Taking place at the start of the UN General Assembly, the official launch of the Principles for Responsible Banking marked the beginning of the most significant partnership to date between the global banking industry and the UN. The launch event was attended by the 130 Founding Signatories and over 45 of their CEOs.
“As a founding member of the UNEP-FI Principles for Responsible Banking we are convinced that only in an inclusive society, founded on human dignity, equality and the sustainable use of natural resources, can our employees, customers and other stakeholders thrive. By signing the Principles, we commit to using our products, services and relationships to support and accelerate the fundamental changes in our economies and lifestyles necessary to achieve shared prosperity for both current and future generations.”
Tengku Zafrul Aziz, Group CEO, CIMB Group Holdings Berhad
The Principles for Responsible Banking are supported by a strong implementation and accountability framework. By signing them, CIMB commits to being transparent on both its positive and negative impact on people and the planet.
CIMB is the only banking group in ASEAN to be a founding member of the Principles for Responsible Banking. Having embedded sustainability into its current strategic growth plan, Forward23, CIMB has also begun engaging with key stakeholders including regulators, investors, customers, suppliers, employees and communities for them to join its journey to create a more sustainable, resilient future for all.