Sumitomo Mitsui Finance and Leasing Company, Limited Sustainability Profile
Sumitomo Mitsui Finance and Leasing Company, Limited, commonly referred to as SMFL, is a prominent player in the finance and leasing industry, headquartered in Japan. Established in 2000, the company has rapidly expanded its operations across Asia, Europe, and North America, solidifying its position as a leader in the sector. SMFL offers a diverse range of financial services, including equipment leasing, finance solutions, and asset management. Its unique approach combines innovative financial products with a deep understanding of client needs, setting it apart from competitors. With a strong market presence and a commitment to sustainability, SMFL has achieved notable milestones, including strategic partnerships and a growing portfolio of environmentally friendly financing options.
DitchCarbon Score
How does Sumitomo Mitsui Finance and Leasing Company, Limited'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 Machinery Rental 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 Finance and Leasing Company, Limited's score of 39 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sumitomo Mitsui Finance and Leasing Company, Limited's reported carbon emissions
In 2024, Sumitomo Mitsui Finance and Leasing Company, Limited reported total carbon emissions of approximately 1,186,000 kg CO2e, all of which fall under Scope 1 emissions. This marks a slight increase from 2023, when the company recorded total emissions of approximately 16,252,222,000 kg CO2e, comprising 1,149,000 kg CO2e from Scope 1, 2,501,000 kg CO2e from Scope 2, and approximately 16,248,572,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions on a Group consolidated basis by FY2025. This target reflects their commitment to reducing their carbon footprint and aligns with broader industry efforts to combat climate change. Data regarding emissions is cascaded from their parent company, Sumitomo Corporation, which influences their reporting and sustainability initiatives. The company is actively working towards these reduction targets, demonstrating a proactive approach to environmental responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,500,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,149,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | - | - | - | - | 00,000,000,000 | - |
How Carbon Intensive is Sumitomo Mitsui Finance and Leasing Company, Limited's Industry?
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Sumitomo Mitsui Finance and Leasing Company, Limited's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 100% of Scope 3 emissions.
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Sumitomo Mitsui Finance and Leasing Company, Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sumitomo Mitsui Finance and Leasing Company, Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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