SMBC Group
SMBC Group, officially known as Sumitomo Mitsui Banking Corporation Group, is a leading financial institution headquartered in Tokyo, Japan. Established in 2001, the group has rapidly expanded its presence across major operational regions, including Asia, Europe, and the Americas, solidifying its position in the global banking industry. Specialising in a diverse range of services, SMBC Group offers corporate banking, investment banking, and asset management, distinguished by its commitment to customer-centric solutions and innovative financial products. The bank has achieved notable milestones, including recognition for its robust risk management practices and sustainable finance initiatives, positioning it as a trusted partner in the financial sector. With a strong market presence, SMBC Group continues to enhance its reputation as a key player in the global financial landscape.
DitchCarbon Score
How does SMBC Group'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 Services Auxiliary to 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 Group's score of 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SMBC Group's reported carbon emissions
In 2023, SMBC Group reported total emissions of approximately 18,944,790 kg CO2e, with significant contributions from Scope 2 emissions related to purchased electricity, amounting to about 16,437,870 kg CO2e. The group's Scope 3 emissions were notably high, reaching approximately 228,852,150 kg CO2e, primarily from business travel. In 2022, the total emissions were around 19,248,790 kg CO2e, with Scope 1 emissions at about 15,100,000 kg CO2e and Scope 2 emissions at approximately 15,110,000 kg CO2e. The Scope 3 emissions for that year were approximately 114,480 kg CO2e. For 2021, SMBC Group's emissions totalled about 20,136,970 kg CO2e, with Scope 1 emissions at approximately 19,100,000 kg CO2e and Scope 2 emissions at around 160,600,000 kg CO2e. Scope 3 emissions were relatively low at about 7,620 kg CO2e. Despite these figures, there are currently no specified reduction targets or climate pledges documented by SMBC Group. The company continues to monitor and report its emissions, reflecting its commitment to transparency in addressing climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 19,100,000 | 00,000,000 | - |
| Scope 2 | 160,600,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 7,620 | 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.
SMBC Group 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.
