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 70% 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 reported total carbon emissions of approximately 239,000,000 kg CO2e for Scope 1, 4,400,000 kg CO2e for Scope 2, and 196,000,000,000 kg CO2e for Scope 3. This reflects a significant reduction in Scope 1 and Scope 2 emissions compared to previous years, with Scope 1 emissions decreasing from about 333,000,000 kg CO2e in 2022 and Scope 2 emissions down from approximately 7,400,000 kg CO2e. In 2021, the bank's total emissions included 40,800,000,000 kg CO2e for Scope 1, 13,600,000,000 kg CO2e for Scope 2, and 205,000,000,000 kg CO2e for Scope 3. The emissions data indicates a consistent focus on managing and reducing their carbon footprint across all scopes. Despite these reductions, there are currently no publicly disclosed reduction targets or climate pledges from Sumitomo Mitsui Banking. The bank's commitment to addressing climate change remains an area for potential development, particularly in setting science-based targets to align with global climate goals.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 40,800,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 13,600,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 000,000,000,000 | 000,000,000,000 | 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.
