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 41 is higher than 89% 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 carbon emissions of approximately 18944790 kg CO2e, comprising 178000 kg CO2e from Scope 1, 815000 kg CO2e from Scope 2, and a significant 228852150 kg CO2e from Scope 3 emissions. This indicates a substantial reliance on indirect emissions, particularly from business travel and waste generated in operations. In 2022, the group's emissions were slightly lower at about 19248790 kg CO2e, with Scope 1 emissions at 416000 kg CO2e, Scope 2 at 1078000 kg CO2e, and Scope 3 at 114480 kg CO2e. The trend shows a growing emphasis on managing Scope 3 emissions, which are often the largest component for financial institutions. For 2021, SMBC Group's total emissions were approximately 20136970 kg CO2e, with Scope 1 at 19100000 kg CO2e and Scope 2 at 160600000 kg CO2e. The data indicates a consistent focus on reducing emissions across all scopes, although specific reduction targets or initiatives have not been disclosed. Despite the lack of formal reduction targets or climate pledges, SMBC Group is actively monitoring its emissions and has reported on its carbon intensity in various sectors, including iron and steel. The company continues to engage in sustainability practices, aligning with industry standards for climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 19,100,000 | 000,000 | 000,000 |
| Scope 2 | 160,600,000 | 0,000,000 | 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.
