Sumitomo Mitsui Financial
Sumitomo Mitsui Financial Group, often referred to as SMFG, is a prominent financial services institution headquartered in Tokyo, Japan. Established in 2001, the company has rapidly evolved within the banking sector, primarily focusing on commercial banking, investment banking, and asset management. With a strong presence in Asia and a growing footprint in global markets, SMFG serves a diverse clientele, including individuals, corporations, and government entities. The group is renowned for its innovative financial solutions, including retail banking services, corporate financing, and wealth management. SMFG's commitment to customer-centric services and technological advancements has positioned it as a leader in the competitive financial landscape. Notable achievements include its robust capital base and consistent rankings among the top financial institutions in Japan, reflecting its stability and reliability in the industry.
DitchCarbon Score
How does Sumitomo Mitsui Financial'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 Financial's score of 41 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sumitomo Mitsui Financial's reported carbon emissions
In 2023, Sumitomo Mitsui Financial reported total carbon emissions of approximately 1,581,000,000 kg CO2e, with Scope 1 emissions at about 14,000,000 kg CO2e, Scope 2 emissions at around 89,000,000 kg CO2e, and significant Scope 3 emissions of approximately 1,581,000,000 kg CO2e, which includes investments. The total emissions from Scope 1 and 2 combined were about 103,000,000 kg CO2e. Over the years, the company has shown a trend of emissions reduction. For instance, in 2021, total emissions were approximately 180,000,000 kg CO2e, which indicates a reduction in subsequent years. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets available. Sumitomo Mitsui Financial's commitment to addressing climate change is evident through its emissions reporting, although further details on specific reduction strategies or future commitments are not provided. The company continues to monitor and report its carbon footprint, aligning with industry standards for transparency in climate action.
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| 2014 | 2015 | 2016 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 9,589,100 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 87,816,100 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
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 Financial 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.
