Potential offtaker

PT Bank CIMB Niaga Tbk

www.cimbniaga.com

Estimated electricity consumption

N/A

Countries of production presence

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PT Bank CIMB Niaga Tbk, commonly known as CIMB Niaga, is a leading Indonesian bank that operates in the banking sector. The bank was established in 1955 and has since grown to become one of the largest banks in Indonesia. CIMB Niaga is a subsidiary of CIMB Group Holdings Berhad, a leading ASEAN-based financial services group with a presence in 16 countries.

CIMB Niaga is committed to promoting sustainable development and has incorporated decarbonisation and renewable energy into its business strategy. The bank recognises the importance of reducing its carbon footprint and has taken various steps to achieve this goal. CIMB Niaga has implemented energy-efficient measures in its operations, such as using LED lighting and energy-efficient air conditioning systems. The bank has also invested in renewable energy sources, such as solar panels, to reduce its reliance on fossil fuels.

In addition to promoting decarbonisation, CIMB Niaga has also adopted a corporate energy strategy to manage its energy consumption. The bank has implemented an energy management system that monitors and tracks its energy consumption and identifies areas for improvement. CIMB Niaga has also set targets to reduce its energy consumption and has implemented measures to achieve these targets. The bank has also engaged its employees in energy conservation efforts by promoting awareness and providing training on energy-efficient practices.

CIMB Niaga has also adopted a corporate power purchase agreement (PPA) to support the development of renewable energy sources. The bank has signed a PPA with a renewable energy provider to purchase renewable energy at a fixed price. This has enabled the bank to reduce its reliance on fossil fuels and support the development of renewable energy sources. CIMB Niaga's PPA has also helped to promote the growth of the renewable energy sector in Indonesia.

CIMB Niaga's commitment to decarbonisation and renewable energy is reflected in its sustainability reporting. The bank has published a sustainability report that outlines its sustainability strategy, targets, and performance. The report highlights CIMB Niaga's efforts to reduce its carbon footprint and promote sustainable development. The bank's sustainability report also includes information on its corporate energy strategy and PPA.

CIMB Niaga's commitment to sustainability has been recognised by various organisations. The bank has been included in the FTSE4Good Index, which recognises companies that meet globally recognised environmental, social, and governance standards. CIMB Niaga has also been included in the Dow Jones Sustainability Index (DJSI) Asia Pacific, which recognises companies that demonstrate leadership in sustainability.

In conclusion, CIMB Niaga is a leading Indonesian bank that has incorporated decarbonisation and renewable energy into its business strategy. The bank recognises the importance of reducing its carbon footprint and has taken various steps to achieve this goal. CIMB Niaga has implemented energy-efficient measures in its operations, invested in renewable energy sources, adopted a corporate energy strategy, and signed a corporate PPA. The bank's commitment to sustainability is reflected in its sustainability reporting and has been recognised by various organisations. CIMB Niaga's efforts to promote sustainable development demonstrate its commitment to being a responsible corporate citizen.

✓ Declared Net Zero commitment