BURSA TOP 20: Who’s The most charitable?
CIMB Group is a leading focused ASEAN bank and a world leader in Islamic finance. Headquartered in Kuala Lumpur, Malaysia, it is the fifth largest banking group by assets in ASEAN with a workforce of around 33,000 staff and over 18 million customers. Sustainability is a core element of their Forward23+ strategy with themes such as Delivering Sustainable Financial Returns, Disciplined Execution, Customer Centricity, Transform Fundamentals and Purpose-Driven Organisation.
The net profit of CIMB significantly increased in FY2021 to RM4.30 billion.
The Group declared a 50% dividend payout equivalent to RM2.33 billion
Total cash contributions made by CIMB during FY2021, was approximately RM8 million.
Total in-kind contributions made by CIMB was RM9.63 million as found in their annual and sustainability report.
|No.||Contribution||Cash Giving||In-kind Giving||Employee Volunteer Hours||Beneficiaries|
|1||Employee volunteering||N/A||N/A||67,278 hrs||Beneficiaries||CIMB Group Holdings Berhad recorded 67,278 employee volunteer hours during FY2021.|
|2||CIMB ASEAN Scholarship||N/A||13 scholarships worth RM5.6M||N/A||13 youths||In 2021, CIMB awarded new scholarships to 13 youths from lower income backgrounds from across the ASEAN region that was worth RM5.6 million. CIMB’s flagship talent programme have previously disbursed 92 scholarships to top talents in ASEAN that provided opportunities for students to attend the world’s best universities.|
|3||CIMB NIAGA Scholarship||N/A||50 scholarships worth Rp2.5M||N/A||50 students||CIMB offered scholarships to 50 students from 16 different universities in Indonesia through the CIMB NIAGA scholarships worth Rp 2,512,620,000. This initiative has supported over 1,125 Indonesian scholars in their undergraduate education since 2006.|
|4||MicroBizReady||N/A||Upskilling program||N/A||137 participants||CIMB and CIMB Islamic’s MicroBizReady, introduced in 2020, provided further upskilling to micro entrepreneurs to help them grow their businesses to the next level. In 2021, the programme benefitted 137 participants consisting of 39 women entrepreneurs, 43 from the ASNAF Community and 55 from the differently abled community.|
|5||Clean energy financing and investment advisory||N/A||Free coaching||N/A||8 companies||CIMB jointly hosted The Private Financing Advisory Network (PFAN) with UNIDO and the Renewable Energy and Energy Efficiency Partnership. It is a global network of climate and clean energy financing experts offering free coaching to support businesses in building capacity and attractiveness to financiers and investors. CIMB assisted eight companies based in Malaysia, Thailand and Singapore through this initiative to leverage on PFAN’s expertise to enhance their clean energy business model.|
|6||Forest conservation study||RM0.44M||N/A||N/A||Fraser’s Hill Forest Complex||CIMB Islamic, via Ecosave, supports a three-year project in creating a Botanical Inventory of the Fraser’s Hill Forest Complex. Assessment results from the study and recommendations for conservation of species and habitats will be used in supporting the ongoing advocacy for the protection of Fraser’s Hill Forest Complex as a state park. This project is executed via WWF-Malaysia where CIMB Islamic provided annual grants amounting to RM443,900, for three years, to fund the project.|
|7||Taman Tugu conservation||RM0.3M||N/A||N/A||Taman Tugu||CIMB committed RM0.9 million over the next three years to support conservation, preservation and rehabilitation efforts, as well as the operations of Taman Tugu in Kuala Lumpur. This project aims to plant more than 4,000 new mature trees to enhance the biodiversity of Taman Tugu whereby RM0.3 million was contributed during FY2021.|
|8||Komuniti Kita COVID-19 relief fund||RM6.79M||N/A||N/A||National healthcare system and local communities||The Group supported customers during the pandemic with CIMB Bank and CIMB Foundation through Komuniti Kita, a RM10 million COVID-19 relief project where RM9.5 million was funded collectively by CIMB Foundation and CIMB Group, while the additional RM0.5 million was raised via an employee donation drive. RM6.79 million was disbursed with allocation of RM2 million for food baskets for families with young children and elderly, RM2.33 million for medical equipment and supplies to hospitals and RM2.46 million for cash vouchers, shelter and food aid.|
|9||Career-building project||N/A||Career-building project||N/A||310 students in 2 rural schools||In Thailand, CIMB supported career-building projects in two rural schools where students were given an opportunity to manage an organic plantation and poultry farm. The produce was then used to provide school meals for over 310 students.|
|10||Teach For Malaysia (TFM) Education Recovery' Programme||N/A||500 free online lessons and allocation of RM1M for training of 20 fellows||N/A||9,000 students and 20 fellows||CIMB partnered with Teach For Malaysia (TFM) for this program to develop 500 free online lessons for Primary 1 to Form 5 students, who accessed the online learning and revision through YTL Foundation’s Learn From Home website and the FrogPlay mobile app. The programme also allocated RM1 million for recruitment and training for the first 20 of 60 committed fellows in 2021. Over the course of their two-year fellowship, they will teach more than 9,000 students from B40 communities, helping to improve student and community outcomes.|
|11||CERDIK||N/A||1,757 laptops||N/A||Students from 10 schools||CIMB Bank contributed 1,757 new laptops paired with internet dongles under CERDIK, a CSR programme by government-linked companies and spearheaded by Yayasan Hasanah, to help disadvantaged students across 10 schools over five states to bridge the digital learning gap.|
|12||Digital inclusion projects||N/A||15 used computers and career-building projects||N/A||Rural schools||CIMB Thai implemented several educational projects by providing 15 used computers for selected schools in remote areas and also supported several career-building projects, such as poultry house and demonstration plots for organic local plants in two schools in 2021, namely; Wiroonthep School and Wat Photharam School in Thailand. Total funding for these initiatives is 236,815 THB.|
|13||Engineering Good donation||N/A||475 laptops||N/A||Beneficiaries of Engineering Good||In Singapore, CIMB donated over 475 laptops to Engineering Good, a non-profit organisation that empowers inclusivity for disadvantaged and vulnerable communities.|
|14||Be$MART program||N/A||Financial literacy program||N/A||1,458 students||CIMB Foundation’s flagship financial literacy education programme, Be$MART benefited 1,458 of B40 students from public universities and colleges across Malaysia via the four half-day interactive online sessions.|
|15||Tour De Bank (TDB)||N/A||Financial literacy program||N/A||3,178 students from 66 schools||Launched in 2015, Tour De Bank (TBD) helped foster financial intelligence and a culture of saving money at a young age that benefited 3,178 students from 66 schools, who participated in virtually-run programmes in 2021.|
|16||Ayo Menabung dan Berbagi' Programme (Let’s Save and Share)||N/A||Financial literacy program||N/A||7,250 students from 85 schools||The Ayo Menabung dan Berbagi (Let’s Save and Share) Programme aims to increase financial literacy and financial inclusion of Indonesian students that was attended by 7,250 students from 85 schools across 22 cities in 2021.|
|17||Financial Industry Collective Outreach (FINCO)||N/A||Financial literacy program||1,000 hrs||2,500 students||The Financial Industry Collective Outreach provides educational tools and guidance outreach to underprivileged children and youth in Malaysia to increase financial literacy where 239 CIMB staff volunteered about 1,000 hours to conduct various activities ranging from storytelling with primary students and small group mentoring for secondary students. It is estimated that over 2,500 students benefitted from this initiative.|
|18||Financial education through social media||N/A||Educational content||N/A||Beneficiaries||CIMB Bank Cambodia, in collaboration with the Association of Banks Cambodia, promoted financial literacy through their social media by leveraging on local Facebook influencers to share knowledge regarding financial literacy topics such as the importance of savings, how to save, budgeting and tracking, and building an investment portfolio.|
|19||20/20 PERFECT VISION PROGRAMME||N/A||Free eye screening and 3,066 eye glasses||N/A||13,300 students||CIMB Foundation partnered with Spectruck Sdn Bhd to provide free eye screening and refractive correction solutions, and raising awareness on proper eye care to school children from low income families. Through this programme, a total of 10,234 students were screened and 3,066 students received free eye glasses in Pahang, Selangor, Perak, Negeri Sembilan and Pulau Pinang during FY2021.|
|20||Campaign against Prostate Cancer||N/A||Funding||N/A||Medical practitioners||CIMB partnered with the University of Malaya on the Campaign against Prostate Cancer and provided continuing education to medical practitioners, while supporting the Blue Cap x CIMB Virtual Run held in November 2021. CIMB Foundation contributed it’s funding for year 1 of the Prostate Cancer Awareness Programme.|
|21||CIMB Junior Squash Development Programme||N/A||Athlete support||N/A||6,000 junior squash players||This development programme provided a platform to more than 6,000 junior squash players including national and state level players to ensure accessibility of this sport to the community.|
|22||Disaster relief in Malaysia||N/A||Community assistance and recovery support worth RM2M||N/A||Flood victims||CIMB committed RM2 million towards providing on-ground community assistance and recovery support to deliver aid to flood victims via partner non-governmental organisations.|
|23||Disaster relief in Indonesia||N/A||Relief packages worth Rp170M||N/A||3,100 beneficiaries||CIMB Niaga partnered with various organisations to distribute emergency relief packages to the affected communities. The packages comprised of ready-to-eat foods, basic and food essentials, medicines, hygiene kits, clothing, blankets, baby milk and diapers, tarpaulin, bedding and shelter kits, as well as medical assistance, amounted to Rp170 million was distributed to 3,100 beneficiaries.|
|24||Disaster relief||N/A||Fundraiser raised PHP0.1M||N/A||Beneficiaries||CIMB Bank Philippines launched a donation campaign for employees and customers which raised a total fund of PHP100,000. These funds were channeled towards providing food, water, medicine and hygiene packs for those affected via the relief organisation, Rise Against Hunger Philippines.|
|25||COVID-19 community relief in Vietnam||N/A||Donations worth VND275M||N/A||2 hospitals||In Vietnam, over VND275 million was donated to 2 local hospitals towards purchase of medical equipment, and personal protective equipment needed to serve local communities.|
|26||COVID-19 community relief in Cambodia||N/A||Financial support, food, drink and masks||N/A||Elderly rickshaw drivers||CIMB Cambodia provided financial assistance and in-kind support such as food, drink and masks to severely-affected groups, such as elderly rickshaw drivers in Phnom Penh.|
|27||COVID-19 community relief in Thailand||N/A||Food items||N/A||Beneficiaries||Together with Sampantawong District, CIMB created “Octo Pan Sook” or Pantry of Sharing where employees and customers were invited to donate items and foods to help those affected by the COVID-19 pandemic in the Yaowarat area.|
|28||COVID-19 community relief in Thailand||N/A||Community isolation center||N/A||200 patients||CIMB Bank developed a Community Isolation Center to accommodate 200 COVID-19 patients in partnership with Bang Phee Noi Sub-District Municipality and Samut Prakan Province.|
|29||COVID-19 community relief in Indonesia||N/A||Facilitating vaccinations||N/A||17,474 beneficiaries||CIMB Niaga supported the Indonesian government’s COVID-19 vaccination programme by facilitating vaccinations for over 57,000 employees and their family members, as well as the public, in several cities across Indonesia. Up to March 2022, the number of non-employees who were vaccinated was 17,474.|
|30||Entrepreneurship program for NGOs||N/A||Training programme, mentorship and a grant||N/A||5 NGOs||The Bank collaborated with Me.rekaStudios to empower local NGOs through entrepreneurship training programmes, mentorship and also small grants. Five NGOs were in the mentorship programme to support them in transition from an NGO to a social enterprise model.|
|31||Disability training||N/A||Training programme||N/A||20 disabled individuals||In 2021, CIMB Niaga collaborated with ThisAble Enterprise and trained 20 disabled individuals to be baristas. As a result, 6 trainees were able to transition to full time employment in retail, F&B and hospitality industries.|
|32||Community link program||N/A||Funding of Rp50M and mentorship||N/A||3 participants||The #JadiNyata Community Link Programme encourages the community to be a part of the solution. This year, 3 winners receive Rp50 million in funding assistance and business guidance from experts and mentorship for a year.|
|33||Waste Bank project||N/A||Educational materials||N/A||3 schools||In Thailand, CIMB supported a Waste Bank Project within three schools where educational materials were created to raise awareness of environmental conservation in 3 school; Wiroonthep School, Wat Photharam School and Yuvabadhana Foundation (Pan Kan Project).|
|34||Keluarga Akrab Mencapai Impian (KAMI)||N/A||Support group and activities||N/A||200 families||Keluarga Akrab Mencapai Impian (KAMI) is a holistic family programme, part of the CIMB Islamic Safe Space Programme, facilitated by Thrive Well and Teach for Malaysia offering support groups and experiential activities to strengthen family units which benefited at least 200 families.|
|35||Contribution of tablets||N/A||500 tablets||N/A||500 students||CIMB Islamic worked with Yayasan Belia Malaysia to purchase 500 tablets for school going children from low-income households.|
|36||COVID-19 relief aid||RM0.21M||N/A||N/A||B40 families||CIMB Islamic provided over RM216,300 towards helping those affected by COVID-19 which include providing cash vouchers to B40 families through Islamic Relief Malaysia.|
|37||COVID-19 relief aid||N/A||Food packs worth RM0.13M||N/A||1,000 community members||CIMB Islamic has also contributed more than RM130,000 to various NGOs to provide food packs benefitting more 1,000 community members.|
|38||iTekad Rider Entrepreneur program||N/A||Funding worth RM44k||N/A||31 individuals||CIMB Islamic participated through the launch of the Rider Entrepreneur Programme and provided funding worth RM44,000 to train 31 individuals on entrepreneurship and technical skills.|
|39||CIMB Islamic Entrepreneurship program||N/A||Training programme, mentorship and grants||N/A||400 micro entrepreneurs||Over 400 micro entrepreneurs, with a monthly revenue of below RM3,000, have completed the training, mentorship, and received grants from CIMB Islamic. This initiative is helped the community to gain knowledge, improve their skills and establish business linkages to help them grow their businesses. Each successful micro entrepreneur receives RM5,000 worth of in-kind grant to expand their businesses.|
|40||RECYCLO||N/A||N/A||N/A||Beneficiaries||In 2021, #teamCIMB collected over 32,000kg of recyclable items which were sent to local recycling collection centres.|
|41||Employee volunteer in Indonesia||N/A||Financial literacy training and vaccination programmes||8,017 hrs||Beneficiaries||Over 648 CIMB Niaga employees were involved in volunteering activities such as online financial literacy training and supporting vaccination programmes with a total of 8,017 hours volunteered.|
|42||CIMB Cares Keep Fit' programme||S$0.05M||N/A||N/A||Beneficiaries||CIMB Singapore pledged to donate S$30 to Family Service Centres supported by Community Chest for every employee that ran, walked, or cycled for at least 6 hours during the month-long “CIMB Cares Keep Fit” programme. As a result, over S$52,240 was raised through this initiative.|
|43||Read for the Blind project||N/A||900 hours of audiobooks||N/A||Beneficiaries||Over 100 employees recorded over 900 hours of audiobooks for the National Library of the Blind, as part of the Read for the Blind Project by the TAB Foundation.|
|44||Virtual run in Thailand||฿0.78M||N/A||N/A||Doctors at Ban Phaeo Hospital||A virtual run was set up in support of the doctors at Ban Phaeo Hospital where a total of over 780 employees and customers clocked over 52,300km to raise over ฿780,200.|
|45||Contribution to Silk Centre||N/A||Laboratory equipment and education sponsorship||N/A||Beneficiaries||CIMB Cambodia supported the Silk Centre with the purchase of laboratory equipment and education sponsorship.|
|46||Supporting Teach For Cambodia||N/A||Mentorship||N/A||27 students||In support of Teach For Cambodia, a total of 27 students were engaged and guided on a career in the finance industry.|
|47||Contribution to Little Hearts Organization||N/A||Daily necessities||N/A||Little Hearts Organization||CIMB Cambodia contributed daily necessities to help the operations at Little Hearts Organization, a non profit NGO that works with abandoned children in Cambodia.|
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 2021 Annual and Sustainability Report. Email correspondence was made between between 8 July – 3 August 2022 to seek further clarification, as reflected in the table above.
Generous and meaningful corporate philanthropy
Encourage transparency and accountability for social and environmental matters
Spark discussions on the importance of corporate philanthropy
Receive monthly digest about jobs, news, and events. Promise, no spam!
You can unsubscribe anytime.
BURSA TOP 20: Who’s The most charitable?