Sumitomo Mitsui Banking

Sumitomo Mitsui Banking's reported carbon emissions

In 2023, Sumitomo Mitsui Banking Corporation reported total carbon emissions of approximately 239,300 kg CO2e from Scope 1, 4,400 kg CO2e from Scope 2, and 196,000 kg CO2e from Scope 3, leading to a calculated total of approximately 439,700 kg CO2e. This data reflects a commitment to transparency in emissions reporting, although specific reduction targets or initiatives were not detailed in their disclosures. The emissions data for 2022 showed a total of approximately 205,000 kg CO2e from Scope 3, 33,300 kg CO2e from Scope 1, and 7,400 kg CO2e from Scope 2, indicating a slight decrease in Scope 1 and Scope 2 emissions compared to 2021. In 2021, the bank's emissions were approximately 40,800 kg CO2e for Scope 1, 13,600 kg CO2e for Scope 2, and 205,000 kg CO2e for Scope 3. Sumitomo Mitsui Banking Corporation is a current subsidiary of Sumitomo Mitsui Financial Group, Inc., which may influence its climate commitments and reporting practices. However, no specific reduction initiatives or targets have been identified in their current disclosures. The bank's approach aligns with industry standards for emissions reporting, but further details on their climate strategy and commitments would enhance understanding of their environmental impact and goals.