Cross-border Collaboration Strengthens Sustainable Finance in Cambodia

Asia-wide efforts to promote sustainable finance by CIMB Group are helping to strengthen Cambodia’s banking sector in its adoption of sustainable finance principles.

CIMB Group, headquartered in Kuala Lumpur, Malaysia, is a leading ASEAN bank. It is the second largest by assets in Malaysia and fifth in the ASEAN region, employing around 33,000 staff and serving over 16 million customers as of 2024.

CIMB Cambodia, the Group’s subsidiary in Cambodia, has expanded to 14 branches. CIMB Cambodia integrates ESG considerations into financing decisions with support from its Malaysia-based CIMB Group. The bank’s implementation of sustainability is broadly aligned with the Cambodian Sustainable Finance Principles.

Sustainability is a core element of CIMB Group’s strategy and was fundamentally established in 2019 at the Group before rolling out to other subsidiaries in ASEAN in later years. CIMB remains committed to addressing medium- and long-term challenges, such as climate change and social inequality. CIMB aims to rank in the top quartile of the Dow Jones Sustainability Index by 2025.

Notably, CIMB Group is the first Malaysian bank with a coal exit policy, and it continues to push sustainable practices through its dedicated Group Chief Sustainability Officer, appointed in 2020.