Sumitomo Mitsui Banking
Sumitomo Mitsui Banking Corporation (SMBC), headquartered in Tokyo, Japan, is a prominent player in the global banking industry. Established in 2001, SMBC has rapidly expanded its operations across Asia, Europe, and the Americas, solidifying its position as a leading financial institution. The bank offers a diverse range of services, including corporate banking, investment banking, and asset management, distinguished by its commitment to customer-centric solutions and innovative financial products. SMBC's unique approach combines traditional banking expertise with cutting-edge technology, enabling it to meet the evolving needs of its clients. With a strong market presence and a reputation for reliability, Sumitomo Mitsui Banking Corporation has achieved significant milestones, including recognition for its robust risk management practices and sustainable finance initiatives. As a key player in the financial sector, SMBC continues to drive growth and innovation in banking.
DitchCarbon Score
How does Sumitomo Mitsui Banking's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sumitomo Mitsui Banking's score of 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sumitomo Mitsui Banking's reported carbon emissions
In 2023, Sumitomo Mitsui Banking Corporation (SMBC) reported total carbon emissions of approximately 196,000 kg CO2e from Scope 3, alongside 23,900 kg CO2e from Scope 1 and 4,400 kg CO2e from Scope 2. This marks a notable reduction in Scope 1 emissions from 33,300 kg CO2e in 2022 and a decrease in Scope 2 emissions from 7,400 kg CO2e in the same year. In 2021, the bank's emissions were significantly higher, with Scope 1 at 40,800 kg CO2e, Scope 2 at 13,600 kg CO2e, and Scope 3 reaching 205,000 kg CO2e. The data indicates a commitment to reducing emissions over the years, particularly in Scope 1 and Scope 2 categories. Despite the absence of specific reduction targets or climate pledges, SMBC's ongoing efforts to monitor and report emissions reflect an awareness of climate impact and a commitment to sustainability. The bank's emissions data demonstrates a proactive approach to addressing its carbon footprint, aligning with industry standards for climate accountability.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 40,800 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 13,600 | 00,000 | 0,000 | 0,000 |
| Scope 3 | - | 000,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sumitomo Mitsui Banking is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
