SMBC Americas Holdings, Inc. Sustainability Profile
SMBC Americas Holdings, Inc., a prominent subsidiary of Sumitomo Mitsui Banking Corporation, is headquartered in the United States and operates extensively across North America and Latin America. Founded in 2001, the company has established itself within the financial services industry, focusing on corporate banking, investment banking, and asset management. SMBC Americas is renowned for its tailored financial solutions, including commercial lending, trade finance, and treasury services, which cater to a diverse clientele. The firm’s commitment to innovation and customer service has positioned it as a trusted partner in the market. With a strong emphasis on sustainable finance, SMBC Americas continues to achieve notable milestones, reinforcing its reputation as a leader in the banking sector.
DitchCarbon Score
How does SMBC Americas Holdings, Inc.'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
SMBC Americas Holdings, Inc.'s score of 27 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SMBC Americas Holdings, Inc.'s reported carbon emissions
In 2022, SMBC Americas Holdings, Inc. reported an emissions intensity of approximately 0.83 kg CO2e per full-time equivalent (FTE) employee and 0.191 g CO2e per kilowatt-hour (kWh) of electricity consumed. This data reflects the company's commitment to monitoring its carbon footprint, although specific total emissions figures for Scope 1, 2, and 3 are not disclosed. Comparatively, in 2021, the emissions intensity was about 1.02 kg CO2e per FTE employee and 0.111 g CO2e per kWh, indicating a positive trend towards reducing emissions intensity per employee and per unit of electricity consumed. SMBC Americas Holdings, Inc. is a current subsidiary of Sumitomo Mitsui Financial Group, Inc., which cascades emissions data through its corporate family relationship. However, there are no specific reduction targets or climate pledges reported at this time, and the company has not disclosed any initiatives under the Science Based Targets initiative (SBTi). Overall, while SMBC Americas Holdings, Inc. has made strides in tracking emissions intensity, further transparency regarding total emissions and specific reduction commitments would enhance its climate accountability.
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SMBC Americas Holdings, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SMBC Americas Holdings, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
