Sumitomo Mitsui Financial Group, Inc. (SMFG) is a prominent financial services company headquartered in Tokyo, Japan. Established in 2001, SMFG has rapidly evolved into a key player in the banking and financial sector, primarily operating through its flagship, Sumitomo Mitsui Banking Corporation (SMBC). The group offers a diverse range of services, including corporate banking, retail banking, and investment banking, catering to both domestic and international clients.
With a strong presence in Asia, Europe, and the Americas, SMFG has achieved significant milestones, including its listing on the Tokyo Stock Exchange. The company is renowned for its innovative financial solutions and commitment to customer service, positioning itself as a leader in the competitive financial landscape. Notable achievements include its robust risk management practices and a strong capital base, which enhance its market position and reputation globally.
+22 vs industry average
Sumitomo Mitsui Financial’s score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sumitomo Mitsui Financial's reported carbon emissions
In 2025, Sumitomo Mitsui Financial reported total emissions of approximately 82 million kg CO2e, comprising 14 million kg CO2e from Scope 1 and 68 million kg CO2e from Scope 2. The company has set ambitious climate commitments, aiming for net zero emissions across its investment and loan portfolios by 2050, with a near-term target of achieving net zero GHG emissions for Scope 1 and 2 by 2030. Additionally, they plan to reduce their Scope 1 and 2 emissions by 55% by FY2026 compared to FY2021 levels. The organisation's emissions data is inherited from its parent company, Sumitomo Mitsui Financial Group, Inc., and reflects a commitment to sustainability and climate action. Notably, they have also outlined specific reduction pathways for the energy sector, targeting a 60% reduction in coal emissions by 2030 compared to 2020 levels. Overall, Sumitomo Mitsui Financial is actively working towards significant emissions reductions and has established a comprehensive framework to address climate change, aligning with global sustainability goals.
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Sumitomo Mitsui Financial’s Climate Goals (2030 & 2050)
9 goals2027
55% reduction in Scope 2
55% decrease in FY3/27 from FY3/22
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Sumitomo Mitsui Financial
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