SMBC Group

SMBC Group's reported carbon emissions

SMBC Group, a financial intermediation services provider headquartered in Japan, has reported a significant decrease in its carbon emissions over recent years. In 2020, the company registered total emissions of approximately 179.7 billion kg CO2e, comprising about 13.5 billion kg CO2e from Scope 1, and approximately 126.1 billion kg CO2e from Scope 2. Scope 3 emissions for 2020 were reported at approximately 40.1 billion kg CO2e, with business travel accounting for a substantial portion of this. Emissions data for 2021 show a total of approximately 20.1 billion kg CO2e for Scope 1 and 2 combined, with Scope 2 (purchased electricity) contributing roughly 17.2 billion kg CO2e. Scope 3 emissions for 2021 were reported at approximately 7.6 billion kg CO2e, primarily from business travel. In 2022, SMBC Group reported Scope 1 and 2 emissions of approximately 598 billion kg CO2e. This figure further reduced to about 289 billion kg CO2e in 2023, and approximately 265 billion kg CO2e in 2024. It's important to note that Scope 3 emissions data, specifically for purchased goods and services, were consistently reported as missing for the years 2022-2024. While specific reduction targets or achievements are not detailed in the provided information, SMBC Group's reporting indicates a commitment to monitoring and disclosing its environmental impact. The company's financial reporting and sustainability efforts are documented in various publications, including their TCFD and TNFD reports.