CGS International (covering legal entities CGS International Securities Pte. Ltd. and CGS International Securities Group Malaysia Sdn. Bhd)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1837.6 tonnes of CO2e
Scope 1 Emissions:149.2 tonnes of CO2e
Scope 2 Emissions:1624.6 tonnes of CO2e
Scope 3 Emissions:8.18 tonnes of CO2e (Korea)
Renewable Energy Share:Not disclosed
Total Energy Consumption:314,497 kWh (Indonesia only)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change, Decarbonisation
- Biodiversity, Nature-Based Investments
- Research for Low-Carbon, Socio-Economic Growth
- Sustainable Finance
- Inclusive Growth
- Sustainability Disclosures
- Cybersecurity, Digitisation
- Social Responsibility
Environmental Achievements
- Kickstarted measurement of Scope 1 & 2 and Scope 3 (Cat 1) GHG emissions.
- Singapore office received Eco-Office Certification of “Champion” level
Social Achievements
- Established the DEI policy and conducted the Company’s first DEI survey.
- Launched the ASEAN Investment Challenge (AIC), a flagship youth programme to empower students with knowledge in sustainable investing.
- Organised over 138 CSR events across Malaysia, Singapore, Indonesia & Thailand for around 260,000 beneficiaries.
Governance Achievements
- Conducted a corporate governance review, ensuring that ESG-risk related gaps were acknowledged and addressed.
- Established a new Supplier Code of Conduct and Conflict of Interest Declaration process.
- Implemented improved controls to mitigate high-risk issue in relation to inadequate AML trade and transaction monitoring processes
Climate Goals & Targets
Long-term Goals:
- Align reporting to ISSB S1 & S2, including sector-specific reporting of financially material metrics and TCFD climate reporting
- Progressive incorporation of ESG into products and services
Medium-term Goals:
- Target setting for GHG emissions
- Expand GHG emissions measurement to include other Scope 3 categories
Short-term Goals:
- Develop a plan that identifies the possible measures to reduce GHG emissions
- Evaluate the possibility of measuring water consumption
Environmental Challenges
- Challenges in achieving data completion for Indonesia's Scope 1 emissions in 2023.
- Lack of available and/or meaningful data on water consumption at the time of reporting.
- Significant disclosure challenges in quantifying financed and facilitated GHG emissions for Scope 3.
Mitigation Strategies
- Developing plans to reduce GHG emissions by reducing physical commuting or switching to environmentally friendly transport.
- Aiming to evaluate the possibility of measuring water consumption in the coming years.
- Taking guidance from the PCAF standard to measure and report on Scope 3 GHG emissions.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Established a new Supplier Code of Conduct and Conflict of Interest Declaration process
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards, SASB (Investment Banking & Brokerage sector), SGX Core ESG Metrics
Certifications: Eco-Office Certification (Champion)
Third-party Assurance: DNV Business Assurance Singapore Pte Ltd
UN Sustainable Development Goals
- SDG 4 (Education)
- SDG 8 (Decent Work and Economic Growth)
- SDG 13 (Climate Action)
CSR initiatives and financial literacy programs
Sustainable Products & Innovation
- CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF
Awards & Recognition
- ESG Awards AsiaMoney Brokers Poll Awards 2023
- CSR Awards Community Chest Awards 2023
- People’s Association Community Spirit (PACS) Awards 2023
- Human Resources Online HR Excellence Awards
- Alpha Southeast Asia Best Financial Institution Awards 2023
- FinanceAsia Country Awards 2023
- HFM Asian Services Awards 2023
- Singapore Exchange (SGX) Industry Appreciation and Awards Night