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How Malaysia's Biggest Public Companies Give Back To Society?

CIMB Group Holdings Berhad

Headquartered in Kuala Lumpur, Malaysia, CIMB Group is the fifth largest ASEAN bank by assets, serving over 18 million customers with a workforce of 33,000. The group’s FY2022 focus lies in sustainability, driven by themes like Delivering Sustainable Financial Returns, Disciplined Execution, Customer Centricity, Transform Fundamentals, and Purpose-Driven Organization. Throughout the year, CIMB has prioritized supporting its diverse stakeholders in the post-COVID-19 era, offering seamless banking solutions, sustainable financing, inclusive policies, and impactful programs.

Fiscal Year-End: 31 December 2022

The net profit of CIMB increased in FY2022 to RM5.44 billion from RM4.30 billion during the previous financial year.

The year on year net profit growth at CIMB Group is at 26.65%.

The Group’s dividend payout ratio for the FY2022 is 50.5%, which amounts to RM2.75 billion.

CIMB Islamic in Malaysia contributed a total Corporate Zakat of RM9.36 million in FY2022.

Total cash contributions made by CIMB during FY2022, was RM34.4 million. This contribution was made through community investment.

Total in-kind contributions are accounted for under the RM34.4 million contribution made through community investment.

The total employee volunteer hours reported by CIMB Group Holdings Berhad is 142,914 hours.

CIMB Group Holdings Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.ContributionBased on previous yrCash GivingIn-kind GivingEmployee Volunteer HoursBeneficiaries
1Community investmentRM34.40MN/AN/A300,000 beneficiariesCIMB Group disbursed RM34.4 million in 2022 to impact about 300,000 lives, of which RM30 million was from Malaysia, covering about 80 projects.
2CIMB ASEAN Scholarship⬆️N/AScholarships worth RM7.80MN/A14 scholarsASEAN 106 CIMB ASEAN Scholars since 2016, whereby 14 scholars were awarded during FY2022 in the region.
3CIMB Niaga Scholarship⬆️N/AScholarships worth RM0.80MN/A16 scholarsIn Indonesia, there were 1,175 recipients of the CIMB Niaga Scholarship, including 50 students from 16 different universities in FY2022.
4CIMB Scholarship ProgrammeN/A3 ScholarshipsN/A3 scholarsIn Cambodia, 3 scholarships awarded since inception in FY2022.
5Back to School ProgrammesN/ABack to school kit vouchers worth RM0.80MN/A4,000 studentsCIMB Foundation provided back-to-school kit vouchers worth RM200 each to 4,000 underprivileged primary school students in Malaysia in collaboration with state education departments nationwide. The vouchers worth RM800,000 enabled parents to purchase essential items such as school uniforms, bags, shoes, socks and stationeries at selected nearby stores to prepare for the new school year
6I SEE I DO SchoolN/AStationery and suppliesN/A300 studentsIn Cambodia, CIMB supported 300 students from the I SEE I DO School by providing them with necessary stationery and supplies to support their return to school. This programme will provide educational accessibility and help to build future talent within the local communities where we operate.
7Digital InclusionN/A196 laptops worth RM11.77kN/ABeneficiariesMalaysia: 45 high-end computers and four video drones contributed to Montfort Youth Centre in Melaka, a fully residential vocational training institution for youths aged 16 to 19. Thailand: Contributed 70 used and new computers, as well as computer desks to three schools Vietnam: Donated 81 used laptops and ₫61,100,000 to a community library in a rural area under Project Education for All.
8Braille Typing MachinesN/A40 Braille MachinesN/A5 schoolsThe Foundation contributed 40 Classic Perkins Braille Typing Machines to Yayasan Orang Buta Malaysia (Malaysian Foundation for the Blind). These machines will benefit students at five schools in Selangor, Kuala Lumpur, Kelantan, Kedah, and Johor.
9International White Cane DayN/A120 volunteers480 hrs100 individualsIn conjunction with International White Cane Day, over 120 volunteers from #teamCIMB and other organisations spent 4 hours participating in a 2km walk alongside 100 blind and visually impaired individuals in Brickfields, Kuala Lumpur, providing support in their movement around the city and raising awareness on those living with blindness
10Upskilling of Women EntrepreneursN/AEducational programmesN/A310 beneficiariesThe programme supported female entrepreneurs from Sri Aman and Pekan People Housing Programmes (PPRs). Through online tutorials, coaching sessions and physical cooking classes, over 60 women received training to improve their culinary and nutritional knowledge to grow their businesses. As part of CIMB Niaga’s Community Link Programme #JadiBerkelanjutan, 200 micro-entrepreneurs received empowerment training programmes, especially for women and people with disabilities in Eastern Indonesia. In the final stage, 50 selected participants will receive interest-free financing from CIMB Niaga.
11Supporting the arts⬆️RM12.0kN/AN/A136 artistsThe competition received over 200 entries from 70 artists, and 168 works by 66 artists were selected to participate in the exhibition in October 2022. Five winners were recognised at the CIMB Artober Art and Soul event, each receiving cash prizes of RM10,000, RM2,000 of art supplies, and a ten-day learning trip to Jogjakarta. CIMB Foundation will also support solo exhibitions for each winner in 2023, providing them with valuable exposure and recognition of their work
12Supporting Health ProgrammesN/AHealth screeningN/A4435 adultsCIMB in Malaysia partnered with the National Kidney Foundation for a year-long nationwide programme focused on providing health screening to detect kidney-related diseases, particularly for rural and urban underserved communities. The programme’s objective was to prevent chronic kidney failure through early detection, successfully reaching 4,435 adults from the target group this year.
13Blood donation driveN/AN/AN/APublicAround the region, CIMB employees contributed to blood banks through blood donation drives. The number of donors from employees are as follows; Malaysia: 188 donors, Vietnam: 3 donors, Singapore: 14 donors, Indonesia: 458 donors, Thailand: 162 donors, Cambodia: 53 donors.
14Supporting Health ProgrammesRM0.61MN/AN/ABeneficiariesCIMB Cambodia contributed approximately US$13,500 to support various health screening programmes nationwide. These contributions included support for the National Bank of Cambodia’s eye pre-screening and surgery programme for villagers in the Kampong Thmor district, as well as cash contributions to the Cambodian Red Cross and the Prek Dambok Health Centre to provide ongoing health services for local communities.
15The Care Shelter Kuala LumpurN/ARenovation furnitureN/ABeneficiariesThe Foundation contributed towards the purchase of new furniture and fittings such as lockers, sliding doors, air conditioners and mattresses, as well as capsule renovation and bathroom remodelling at the Care Shelter Kuala Lumpur.
16Supporting Indigenous CommunitiesN/AFood aidN/A973 familiesCIMB Foundation joined forces with Jabatan Kemajuan Orang Asli and MyKasih Foundation to support an indigenous (Orang Asli) community of 973 families in Gua Musang with food aid. A series of tiger attacks in the community prompted authorities to issue movement restriction orders. This limited the community’s ability to work on their farms, hunt and forage for food
17Supporting FestivalsN/AFood aidN/A600 individualsCIMB organised a food aid programme in support of victims of natural disasters, orphans, and underprivileged individuals (Dhuafa) in various villages in Indonesia. This effort successfully reached about 600 individuals in various villages across Indonesia. To spread holiday cheer during the Christmas season, CIMB Bank Philippines visited Hospicio de San Jose Orphanage in Manila to contribute food, groceries and other essential items to support the community
18Providing clean energyN/AHome-based solar photovoltaic (PV) systemsN/A14 villagesCIMB Foundation’s Brightening Lives Renewable Energy Programme serves two objectives: to reduce the environmental footprint caused by the burning of fossil fuels and to improve the standard of living of local communities. This programme installs home-based solar photovoltaic (PV) systems in indigenous (orang asli) villages, replacing existing diesel generators and oil lamps for illumination. Total impact on 12 villages with solar PV systems, 8 hours of light and 2 villages with solar water filtration systems.
19Vermicomposting solutionsN/AContribution worth RM0.16MN/ACommunityCIMB Foundation supported the Waste to Feed project by Urban Hijau (UH), which processes food waste to produce high-quality vermicompost. The composting process uses Black Soldier Flies, naturally breaking down food waste to produce a sustainable source of fertiliser. UH aims to process up to three tonnes of food waste per month and has the potential to scale up to several community sites as a solution to manage food waste. In 2022, UH processed 8.8 tonnes of food waste.
20CIMB-UKM Mangrove Conservation ProgrammeN/A2900 mangrove trees1,120 hrsEnvironmentCIMB Foundation, in partnership with the National University of Malaysia (UKM) and various environmental NGOs, launched the CIMB-UKM Mangrove Conservation Programme. Target to plant 7,000 mangrove trees in two years.160 volunteers from CIMB planted mangrove seedlings over three sections and 2,900 mangrove trees were planted in 2022. Each employee volunteered for 7 hours during this initiative.
21MicroBizReady programme RM0.30MN/AN/A55 entrepreneurIn 2022, we championed our MicroBizReady programme, where 55 female entrepreneurs were empowered with skills to grow a small business, enabling them to build financial independence.These initiatives aim to empower socio-economic groups such as the B40 and asnaf communities by enhancing their business knowledge and skills, as well as establishing business connections. Since 2017, a total of RM2.3 million in grants has been provided to 455 micro-entrepreneurs, with funding of RM300,000 contributed in 2022
22iTEKAD 2.0RM0.30MN/AN/A45 participantsIn iTEKAD 2.0, CIMB Islamic focused on 45 participants from the underprivileged B40 and asnaf groups in the Klang Valley. Participants received training and guidance to expand their business opportunities and increase productivity in the community. Upon completion of the programme, 23 participants received a total of RM300,000 in seed funding from Yayasan Waqaf Malaysia and CIMB Islamic, which included a motorcycle grant and a one-year employment opportunity with Foodpanda, our food delivery partner.
23Centre for Islamic EconomicsRM0.06MN/AN/A11 beneficiariesCIMB Islamic collaborated with the Centre for Islamic Economics at International Islamic University Malaysia (IIUM) to provide Islamic microfinance, entrepreneurship training and financial assistance to micro-entrepreneurs from underserved communities within IIUM’s student community. The programme benefitted 11 beneficiaries who received grants amounting to RM59,500 in 2022, bringing the total grants since 2018 to RM415,000.
24Flood relief initiativeRM1.00MN/AN/A14,320 beneficiariesCIMB Islamic supported various initiatives aimed at alleviating the impact of annual monsoon floods on vulnerable communities. Through a contribution of RM1,000,000 in 2022, CIMB supported several NGOs, including Islamic Relief Malaysia, Yayasan Dakwah Islamiah Malaysia, Benevolent Brigade of Malaysia, and Yayasan Belia Malaysia, in providing food and non-food items to flood-affected families. This support resulted in assistance being provided to 14,320 beneficiaries from poor backgrounds.
25Ramadhan initiativeN/ADry food boxes worth RM0.67MN/A10,660 beneficiariesThrough Zakat Wakalah, CIMB Islamic provided one-off cash contributions to various NGOs to purchase dry food boxes during Ramadan and Syawal for asnaf families, orphans, senior citizens, and students across Malaysia. The RM670,000 contributed in 2022 touched the lives of 10,660 beneficiaries
26Total Employee Volunteer HoursN/AN/A142,914 hrsBeneficiariesIn 2022, we surpassed our target of investing 100,000 volunteer hours annually by 2024, with a total of 142,914 hours recorded at our key markets as well as at our Hong Kong and Shanghai branches.
27Employee Volunteerism in MalaysiaN/AN/A64,116 hrsBeneficiariesVolunteering Highlights in Malaysia; - Partnered with Free Tree Society to help rehabilitate urban forests, - Organised a Ramadhan Shopping event with children from four orphanages, - Planted mangrove trees to restore the natural ecosystem
28Employee Volunteerism in IndonesiaN/AN/A42,243 hrsBeneficiariesVolunteering Highlights in Indonesia; - Held a blood donation drive in five cities across six locations during Staff Sustainability Week, - Organised various social programmes in Bandung for our Directors and senior leadership team, who volunteered in a blood donation, education programmes and other school activities
29Employee Volunteerism in SingaporeN/AN/A8,789 hrsBeneficiariesVolunteering Highlights in Singapore; - Went grocery shopping with underserved children using funds raised by employees, with S$30 contributed to each child, - Prepared, cooked and packed meals at the Willing Hearts soup kitchen, and distributed the meals to households in need, - Packed food items into goodie bags to distribute to sponsored schools, welfare homes and self-collection centres
30Employee Volunteerism in ThailandN/AN/A23,886 hrsBeneficiariesVolunteering Highlights in Thailand; - Organised a blood donation drive for employees to contribute to local healthcare, - Held a reading session for blind community members, - Implemented the English “Teacher” Programme for employees to teach English to students
31Employee Volunteerism in CambodiaN/AN/A3,245 hrsBeneficiariesVolunteering Highlights in Cambodia; Gathered employees to collect litter and clean up public areas across the city
32Employee Volunteerism in VietnamN/AN/A399 hrsBeneficiariesVolunteering Highlights in Vietnam; - Held an employee blood donation campaign in support of the healthcare system, -Set up a recycling programme that enables employees to bring new life to their pre-loved clothes, - Support inclusive and equitable quality education
33Employee Volunteerism in PhilippinesN/AN/A40 hrsBeneficiariesVolunteering Highlights in Philippines; - Visited an orphanage to distribute food, groceries and other essentials

⬆️ – shows an increase monetarily or the number of beneficiaries from 2021 report 

⬇️ – shows a decrease monetarily or the number of beneficiaries from 2021 report 

1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.

2. The information above is derived from CIMB Group Holdings Berhad’s 2022 Annual and Sustainability Report. Email correspondence was made between between 20 April – 3 August 2023 to seek further clarification, as reflected in the table above. 

Focus Areas of CIMB Group
Holdings Berhad

Beneficiaries of CIMB Group
Holdings Berhad

In FY2022, CIMB Group significantly increased its community investment from RM17.63 million to RM34.4 million. The Group’s focus areas include Education, Environment, Sponsorship, and Health. Notably, 33.3% of CIMB’s giving initiatives were directed towards education, including providing laptops to enhance digital inclusion in learning spaces and organising training programs for female entrepreneurs. The primary beneficiaries of the Group’s efforts encompassed a diverse range, including the Community, Youth, Disaster Victims, Orang Asli/Asal, and Women. A significant portion of these initiatives benefited the Community, aiming to uplift underprivileged individuals who shared common characteristics. For instance, during Ramadan, the Group made one-time cash contributions of RM670,000 to NGOs for the purchase of dry food boxes, providing relief to the underprivileged across Malaysia. CIMB Group saw a notable increase in employee volunteer hours, rising from 67,278  to 142,914 hours in the current financial year.

See How CIMB Group Holdings Berhad Ranks Against The Other Top 19 Public-Listed Companies

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